How Inflation makes most people Poor.
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Damn lot of strange people in sgforums.
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:lol:
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:lol:
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Kopi prices go up again.
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luncheon meat $4 one piece :lol:
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That's scary news.
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next month is $5 per slice of luncheon meat :lol:
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Inflation is meant to make middle and lower income ppl poorer to allow pappies to be richer.
Oppression is sin.
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hanor hanor :lol:
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Originally posted by SJS6638:
Inflation is meant to make middle and lower income ppl poorer to allow pappies to be richer.
Oppression is sin.
Nailed it.It's a paradox actually.
Till you buy a house the rent should be low.Once you buy it,it should increase.
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Mind boggling.
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kick charlize :lol:
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Oi.
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kick charlize
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:lol:
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Will it ever fall?
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No.
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Originally posted by charlize:
No.
are you poorer than your parents?
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kick charlize and inflation will go down
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We all try to eat 2 cai png meals a day.
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There are no poor people in Singapore as per some "people" logic
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In general, most societies would rather have some inflation rather than some recession. If you do a SRAS and AD graph with a Philips Curve graph, you'll see that inflation and recession are both bad. But history tells us that recession will hurt society more than an inflation (unless it's a supply side inflation). So yes, inflation does make some people poor, but it would be better off than having them unemployed and no means of making money.
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Originally posted by Johnnaut:
In general, most societies would rather have some inflation rather than some recession. If you do a SRAS and AD graph with a Philips Curve graph, you'll see that inflation and recession are both bad. But history tells us that recession will hurt society more than an inflation (unless it's a supply side inflation). So yes, inflation does make some people poor, but it would be better off than having them unemployed and no means of making money.
Inflation makes poor people more miserable/ poor.
Pro-inflation is a lie perpetuated by bankers and the sellers of rubbish products since it makes people spend money MORE RECKLESSLY than they otherwise would (gives bankers many avenues for profit).
The result of this reckless spending is tthat societies' wealth divide is widened to what U get in Singapore now: a heightened sense of tension amongst fractions: foreigner vs local PMET, work permit holders vs police etc.
The wonderful notional employment numbers are impressive until u discover the number of working poor who are very much disengaged since the work that they do isn't rewarding enough.
And that is the best way to distroy ones economy if not political authority.
The writings on the wall in the case of Singapore...