12% of Americans Truly believe in the Inflation Bill

[Karpteach]

How da HELL is it possible that 12% of the population actually believe that this FUCKED up bill will help Americans. We are SO DOOMED.

The Democrats named their tax and spending bill the Inflation Reduction Act, but Americans are not buying it.

The law was hastily thrown together after Senator Joe Manchin (D-WV) struck a deal with Majority Leader Chuck Schumer (D-NY) to vote for a bill that would increase spending by hundreds of billions of dollars and increase taxes by even more. Although both the Congressional Budget Office and the Penn-Wharton Budget Model say the bill will do next to nothing for inflation, Democrats have been bragging that the bill is already working.

Polling from the Economist and YouGov indicates that the American public does not believe the bill will bring down inflation.

Just 12 percent of Americans say the bill will reduce inflation. Forty percent say it will increase inflation. Twenty-three percent say it will do nothing. Twenty-five percent say they are not sure what the effect would be.

The law will actually increase inflationary slightly over the next few years, according to the Penn-Wharton Budget Model. Over the next decade, its effect on inflation would be “statistically indistinguishable from zero,” according to the PWBM.12% believe in Inflation Bill

Just one quarter of Democrats say the law will reduce inflation, with another 33 percent saying it will have no effect on inflation and 11 percent saying it will make inflation worse. Among independents, only seven percent say law will reduce inflation, 21 percent say it will have no effect, and 41 percent say it will increase inflation.

Republicans overwhelmingly believe the law will increase inflation. Seventy-two percent said it would increase inflation. Just two percent say it will decrease inflation. Fourteen percent say it will have no effect.

The poll of 1,500 was taken between August 7 and August 9th.

 

[Bigfoot]

There are a ton of gullible people in our country that can't think for themselves.
In this case, I'll refer to the reaction and compliance to the covid restrictions.

Who doesn't know by now whatever name the Democrats attached to a bill.
Is the opposite of what the bill actually does.

"Affordable Care Act" for one example.

 

[fresch]

One born every minute.

 

[Drinkthekoolaid]

I'll be honest I'm surprised that only 12% of the country is that stupid.

Even with fake poll numbers I would have thought they would pimp it out like "47% of Americans support this wonderful bill while 33% are undecided and 20% oppose it"

That only 12% support it gives me optimism that no matter how hard the media pushes propoganda at the end of the day most people aren't buying it anymore

 

[Phazer]

How da HELL is it possible that 12% of the population actually believe that this FUCKED up bill will help Americans. We are SO DOOMED.

Way more than 12% of the American electorate have no damn clue how economics work. They believe in "free money."

 

[Arjuna]

So 12 out of 100 people are morons, actually l expected it would be more

 

[4WHLDRFTN]

Yup, all of the bidone supporters

 

[GOYABEAN]

12% group

 

[OwnTheRide]

Really, 12% is pretty good, IMO. I was expecting 50-60%.

1 out of 10 people will believe anything. We're not going to get much better than that.

 

[Deplorable Me]

 

[GOPerfect]

I would think the number would be higher.

I hope they keep spending. The more they spend, the more the market crashes, the more that home prices drop and the faster I can buy my forever home in Tennessee

 

[Karpteach]

I would think the number would be higher.

I hope they keep spending. The more they spend, the more the market crashes, the more that home prices drop and the faster I can buy my forever home in Tennessee

I believe next year this time the housing market will be good and soft for both of us to get the HELL outta NewYohkistan!

 

[GOPerfect]

I believe next year this time the housing market will be good and soft for both of us to get the HELL outta NewYohkistan!

I am really hoping so my friend, really hoping....

 

[99cummins]

Look how many people thought all that money the gov was handing out was just free money. And how many people that didn’t see the harm in shutting down the economy. This economic shit show is so far from over. The gov should just sit on their hands and keep quiet at this point.

 

[99cummins]

 

[Karpteach]

I am really hoping so my friend, really hoping....

Housing market downturn
I think they are truly trying to make it more positive. I think the housing market is gonna take a dump like in 08’.

 

[Carlos Hathcock]

View attachment 169419

Is this bill proposed by the same government that shitbombed our economy in the first place?

 

[Saltwater60]

I could get 12% of people to believe just about anything I wanted. This tells me the democrats are doomed in November if only 12% of the people believe in Joe Biden’s signature bill and the direction he wants to take the country in.
Also remember it says 25% of people are too stupid to make a decision as well.

 

[SonOfSun]

Patriot act.
Tax cuts and jobs act.
Inflation Reduction act.

All lies and thievery.

 

[spat]

I would think the number would be higher.

I hope they keep spending. The more they spend, the more the market crashes, the more that home prices drop and the faster I can buy my forever home in Tennessee

How are you going to protect your money from evaporating while you wait ?

 

[Grimscale]

Ask that 12% WHY they believe it will lower inflation.

I believe it will.
only because it will take so much more money from the middle class that we become completely poor and can't buy anything at all. And there are not enough rich people to pick up the slack. So businesses will have to reduce prices in a desperate attempt to keep some sort of money stream going.

but you can't get blood out of a stone, so they will also fold and get bought out for pennies by the rich until a handful of people own the whole world.
We will own nothing.
But we won't be happy.
And neither will the rich.....eventually.

 

[Saltwater60]

Ask that 12% WHY they believe it will lower inflation.

I believe it will.
only because it will take so much more money from the middle class that we become completely poor and can't buy anything at all. And there are not enough rich people to pick up the slack. So businesses will have to reduce prices in a desperate attempt to keep some sort of money stream going.

but you can't get blood out of a stone, so they will also fold and get bought out for pennies by the rich until a handful of people own the whole world.
We will own nothing.
But we won't be happy.
And neither will the rich.....eventually.

IMO they want poor where lower class and middle class are on the same level and then there will be rich people. They will make the poor and middle class have the same spending power by government incentives, taxing the middle class, and increased minimum wage. My wages as well as many others have not increased with inflation but the government incentives have gone up. This will in turn make middle America’s taxes increase further making us equal to the poor. I’m sure you have seen the thread that they are reassessing homes in my area and I expect them to increase my assessment to $300,000. My taxes will then be $12,500/year. People in apartments get this spread out and do t pay as much or are in rent controlled apartments. This will cause an increased call for rental control and assistance further closing the gap. We make $150,000/year between my wife and I and I can tell you the projects I drive by there are many that have similar or newer cars than I do. Last I knew too payment was $425/ month and heat was included and I pay more than that in property taxes alone.

 

[Grimscale]

Last I knew too payment was $425/ month and heat was included and I pay more than that in property taxes alone.

this is one of the main reasons I have long since given up any hope of buying property or a house in NY.
The out of control taxation.
you are, quite literally, doubling the monthly cost of a mortgage when you include the taxes, and that tax payment is never going to go away.

In NY I would have to spend over $250,000 to buy a house the size I feel I want. That comes with a tax bill anywhere from $6000/yr to $10000/yr.
By the time you're done you're spending $2000/mo.
Yet there are other States where that same house would only have a tax bill of $600-$1000/yr. That same house is likely only $1000/mo.

And NY thinks it's the weather that makes people leave?

 

[ronstar]

Bet ya $1,000 if the Republicans take power again in 2022 or 2024, they wont even attempt to overturn the law.

 

[Saltwater60]

this is one of the main reasons I have long since given up any hope of buying property or a house in NY.
The out of control taxation.
you are, quite literally, doubling the monthly cost of a mortgage when you include the taxes, and that tax payment is never going to go away.

In NY I would have to spend over $250,000 to buy a house the size I feel I want. That comes with a tax bill anywhere from $6000/yr to $10000/yr.
By the time you're done you're spending $2000/mo.
Yet there are other States where that same house would only have a tax bill of $600-$1000/yr. That same house is likely only $1000/mo.

And NY thinks it's the weather that makes people leave?

Funny shit is my house was $155,000 and I already pay almost double the cost for taxes and insurance as I do for what goes on my mortgage. I refinanced so it’s better than it was even. Used to be almost 2.5 times now it’s about 1.7 times. If my taxes go up like I’m fearing my taxes will be 3.5 times what goes toward my mortgage.

 

[Acer-m14]

i like this lady ..

 

[Acer-m14]

Bet ya $1,000 if the Republicans take power again in 2022 or 2024, they wont even attempt to overturn the law.

will you be one of us that will light the fire under there ass to do that ??

 

[spat]

Ask that 12% WHY they believe it will lower inflation.

I believe it will.
only because it will take so much more money from the middle class that we become completely poor and can't buy anything at all. And there are not enough rich people to pick up the slack. So businesses will have to reduce prices in a desperate attempt to keep some sort of money stream going.

but you can't get blood out of a stone, so they will also fold and get bought out for pennies by the rich until a handful of people own the whole world.
We will own nothing.
But we won't be happy.
And neither will the rich.....eventually.

Their goal isn't fairness or justice. It is equity.

It's impossible to give all the people who don't want to work a middle class lifestyle, so the only way to achieve the equity they want is to make everyone poor regardless of how hard you want to work or what risks you want to take.



The US men's and women's soccer teams are the perfect example.

They were both offered the same options for contracts. Guaranteed pay, or pay tied to performance.

The women choose the guaranteed pay and the men choose the pay for performance.

If the men had lost more games they would have gotten less money than the women. Bit they won a lot and made more money.

The women had a fit that they weren't paid as much as the guys (despite the fact that *they* chose that option).

You can bet that they would not be complaining if the guys hadn't done so well and the women ended up with the better pay.

"You take the risks, but if you win we want the benefits. If you lose, we don’t want the downside though".

 

[spat]

this is one of the main reasons I have long since given up any hope of buying property or a house in NY.
The out of control taxation.
you are, quite literally, doubling the monthly cost of a mortgage when you include the taxes, and that tax payment is never going to go away.

In NY I would have to spend over $250,000 to buy a house the size I feel I want. That comes with a tax bill anywhere from $6000/yr to $10000/yr.
By the time you're done you're spending $2000/mo.
Yet there are other States where that same house would only have a tax bill of $600-$1000/yr. That same house is likely only $1000/mo.

And NY thinks it's the weather that makes people leave?

You've been to my place in NY and the one here in AZ.

My taxes here are half what they were in NY. The place is worth probably 4x as much.

No way I could afford this place if it was in NY.

 

[OwnTheRide]

Property and school taxes in NY are so far out of control that out-of-state people just straight-up don't believe me when I tell them.

My wife pointed out a house that she really likes that is for sale. We could afford it. But I looked at the taxes, and they'd tally up to more than our entire current mortgage. That's beyond ridiculous.

But, like seemingly everything in NY, it's not going to be fixed or get better. In fact, it's going to get worse.