Why is Inflation Increasing So Fast?

I mean, OTHER than the EVIL Capitalists taking advantage of the Downtrodden Masses.

I'm kidding. The inflationary pressure starts with government spending and increasing the money supply. That leads to prices rising, which leads to calls for wage increases, which leads to prices rising higher...

Other than the government over-spending, which happens because they want to use money forced from taxpayers to buy votes for their lame candidates, the cycle is one that, once set in motion, can only be stopped by very painful choices.

Like reducing government spending. And, cutting government jobs. And, cutting government services. The last two are necessary, should you want to reduce spending.

The answer is not to impose another tax. The bare majority, who pay the taxes, don't have it. And, the mega-rich are strange - they use their money and power over government officials to make sure that any tax increases don't affect THEIR money.

Huh.

Wonder why that happens? You would THINK that, given how much the mega-rich exhort all of the taxpayers to "pay their fair share", they would be thrilled to open their own wallets.

But, no. for some strange reason, they don't think it necessary to add their own dollars to the effort.

Anyway, check out the above link for a very nice explanation of the inflation cycle, and how it affect me and you.