More than 90% of your life has been spent with declining or even non-existent inflation.
Guess what? With a tidal wave of tax hikes and new spending from the Biden Democrats, a raft of new "Green" federal regulations on the way, key global shortages of foodstuffs, a rising minimum wage, and tight markets for industrial goods such as lumber, steel and even microchips, not to mention a Fed that loves to print money, we may be on the verge of an inflation surge that could take down our financial markets and cut deeply into average Americans' standard of living.
The $6 trillion in new spending, massive disincentives to work, more regulations, a wildly accommodative Fed, plus higher taxes on the horizon, will all contribute to higher prices and less productivity, an inflation squeeze on all Americans.
Already, consumer price inflation in February came in a higher-than-expected annual rate of 2.6%, well above the 2% target.
Even billionaire Warren Buffett says "We're seeing very substantial inflation."
What does it mean? Well, as we said, inflation's a tax.
High inflation holds real wage growth for unskilled or less-educated workers below the pace of price increases.
https://issuesinsights.com/2021/05/05/bidens-massive-hidden-tax-hike-that-well-all-have-to-pay/
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