Poor should have less fun, work harder.

[NoDrama]

Any income is income, it should be taxed as income. Capital gains, rent income, wages, etc all should be taxed the same rate.

Education should be free in the US too, the economy thrives with a well educated workforce and those people will pay for it in taxes when they are earning graduate level salaries rather than McDonalds level wages.

no such thing as free. Recent College Graduates have a 27% unemployment rate.

 

[ChesusRice]

So even though there is about 20% less demand for gasoline than in 2010, we are paying 20% more? Supply and demand right?

The price of Corn is at its highest EVER, yet they produced 40% more corn than they did when it only cost $1.26 a bushel. Supply and demand right?

The price of a new Jaguar in 1970 was $11,000, the price of a new one today is more like $75,000. More demand right?

*because*

so when in the history of mankind did inflation not exist over an extended period of time?

and you know nothing about the price of corn or the law of supply and demand

 

[NoDrama]

You got it.
Taxes are removed from my ck before I see it.
Pretty dumb.
The wise ones, uses others labors to achieve their goals, such as the Exxon in Iraq. Those tax dollars will be fueling China soon.

Just claim 20 on your W-4 and then enjoy a interest free loan from the IRS all year.

 

[NoDrama]

so when in the history of mankind did inflation not exist over an extended period of time?

and you know nothing about the price of corn or the law of supply and demand

Inflation is the devaluation of the dollar you less than average intelligence person.

I must not know anything about corn since I only grew 680 acres of it.

 

[ChesusRice]

Inflation is the devaluation of the dollar you less than average intelligence person.

and that didnt happen to any other currency in the history of the world
Do you have a solution?

 

[NoDrama]

and that didnt happen to any other currency in the history of the world
Do you have a solution?

You said prices rising were caused by demand, so in your world inflation does not exist, don't go changing your argument now, own the one you started with.

 

[ChesusRice]

Inflation is the devaluation of the dollar you less than average intelligence person.

I must not know anything about corn since I only grew 680 acres of it.

So ethanol production didnt increase your price per bushel?
And the drought that has happened nationwide
Didnt increase your price per bushel?

it was just the devaluation of the dollar....right?

 

[desert dude]

Inflation is the devaluation of the dollar you less than average intelligence person.

I must not know anything about corn since I only grew 680 acres of it.

Nice corn, ND! So, the drought did not get you this year, that is good to hear!

 

[ChesusRice]

You said prices rising were caused by demand, so in your world inflation does not exist, don't go changing your argument now, own the one you started with.

WHy yes

demand has outstripped inflation by a magnitude

If you were honest you would asknowledge that
But we both know you are a lying sack of shit.

 

[billybob420]

Inflation is the devaluation of the dollar you less than average intelligence person.

I must not know anything about corn since I only grew 680 acres of it.

That's a huge part of inflation, but it can also be product specific. Inflated oil or food prices, for instance.

 

[Grandpapy]

Just claim 20 on your W-4 and then enjoy a interest free loan from the IRS all year.

Please don't dismiss the fact that we spent Billions to get "Amercan" Oil Companies into Iraq.
I'm pissed they don't even offer to fuel my kids school bus.
The sooner we can get the Lithium out Afghanistan the sooner Chevron will release that Battery technology, See how these taxes work, I pay, they don't, they prosper, I dont.

 

[ChesusRice]

You said prices rising were caused by demand, so in your world inflation does not exist, don't go changing your argument now, own the one you started with.

Corn has almost quadrupled in price in nominal terms since 2000. In July of 2000 corn was making lows of around $75/ metric ton with highs for the year up around $95/ton. In August of 2011 corn was selling for over $310 a ton. Roughly from 3 to 4 times as much. Obviously , corn is volatile if it can move 30% in a few months. This can be due to weather conditions causing crop failures or other external factors.

There has been speculation that the recent dramatic increase in the price of corn is the result of ethanol becoming part of the gasoline mix.
But obviously that is only part of the equation. The real question is, "What is the price of corn in real (inflation adjusted) terms.
In the chart below, the black line represents the nominal (or actual price) per ton of corn since 1981. As you can see the nominal price stayed between $75 and $150 up until 2006. The only exception was a couple of months during 1996 when prices spiked up to $200. From 2006 onward however, prices have been climbing and haven't gone below $150 a ton. One of the reasons given for this "floor" under the price of corn is the increased demand from ethanol producers who use it to produce a gasoline additive / alternative.

 

[NoDrama]

So ethanol production didnt increase your price per bushel?
And the drought that has happened nationwide
Didnt increase your price per bushel?

it was just the devaluation of the dollar....right?

Price of Silver, gold, Bread, Hamburger......... on and on and on, you gonna blame the increase in copper on a drought too? Perhaps Government has mandated that all metal now be manufactured with a certain content of silver and gold now?

You do know that dollar devaluation and inflation are synonymous right? Perhaps not since 2 posts ago I said the same thing and you still don't get it.

 

[NoDrama]

Corn has almost quadrupled in price in nominal terms since 2000. In July of 2000 corn was making lows of around $75/ metric ton with highs for the year up around $95/ton. In August of 2011 corn was selling for over $310 a ton. Roughly from 3 to 4 times as much. Obviously , corn is volatile if it can move 30% in a few months. This can be due to weather conditions causing crop failures or other external factors.

There has been speculation that the recent dramatic increase in the price of corn is the result of ethanol becoming part of the gasoline mix.
But obviously that is only part of the equation. The real question is, "What is the price of corn in real (inflation adjusted) terms.
In the chart below, the black line represents the nominal (or actual price) per ton of corn since 1981. As you can see the nominal price stayed between $75 and $150 up until 2006. The only exception was a couple of months during 1996 when prices spiked up to $200. From 2006 onward however, prices have been climbing and haven't gone below $150 a ton. One of the reasons given for this "floor" under the price of corn is the increased demand from ethanol producers who use it to produce a gasoline additive / alternative.

Awesome Copy and Paste: http://inflationdata.com/inflation/Inflation_Articles/Corn_Inflation.asp

 

[Grandpapy]

Corn has almost quadrupled in price in nominal terms since 2000. In July of 2000 corn was making lows of around $75/ metric ton with highs for the year up around $95/ton. In August of 2011 corn was selling for over $310 a ton. Roughly from 3 to 4 times as much. Obviously , corn is volatile if it can move 30% in a few months. This can be due to weather conditions causing crop failures or other external factors.

There has been speculation that the recent dramatic increase in the price of corn is the result of ethanol becoming part of the gasoline mix.
But obviously that is only part of the equation. The real question is, "What is the price of corn in real (inflation adjusted) terms.
In the chart below, the black line represents the nominal (or actual price) per ton of corn since 1981. As you can see the nominal price stayed between $75 and $150 up until 2006. The only exception was a couple of months during 1996 when prices spiked up to $200. From 2006 onward however, prices have been climbing and haven't gone below $150 a ton. One of the reasons given for this "floor" under the price of corn is the increased demand from ethanol producers who use it to produce a gasoline additive / alternative.

With so many better options for ethanol, I have to wonder who in Washington is walking around with corn cobs up their ass.
It's unethical, inhuman, and just plain stupid to turn food into fuel.

You can bet there is an some sort of "Agreement" with Corp. suppliers.

 

[UncleBuck]

Inflation is the devaluation of the dollar you less than average intelligence person.

I must not know anything about corn since I only grew 680 acres of it.

you didn't grow that. taxpayer subsidies grew that, cheese eater.

 

[NoDrama]

WHy yes

demand has outstripped inflation by a magnitude

If you were honest you would asknowledge that
But we both know you are a lying sack of shit.

You know that right now today at this very minute there is MORE gold refined and above ground than at any time in the history of earth? That's right, today the supply of gold is more than it has ever been, so how come its 800% above the price of just 10 years ago? If demand is the only thing that drives prices then I have just proven you 100% wrong.

 

[NoDrama]

you didn't grow that. taxpayer subsidies grew that, cheese eater.

Actually Gaudalupe P Soetoro grew that, He is the Mexican I hired at $.50 a day to do all the farm work. I just set ol' GPS on the tractor and then go inside in the air conditioning and watch for the mail to arrive with my $200,000 checks from you tax payers.

 

[UncleBuck]

Actually Gaudalupe P Soetoro grew that, He is the Mexican I hired at $.50 a day to do all the farm work. I just set ol' GPS on the tractor and then go inside in the air conditioning and watch for the mail to arrive with my $200,000 checks from you tax payers.

680 acres of corn gets you a check of closer to $10-$15k, not $200k.

 

[Grandpapy]

Actually Gaudalupe P Soetoro grew that, He is the Mexican I hired at $.50 a day to do all the farm work. I just set ol' GPS on the tractor and then go inside in the air conditioning and watch for the mail to arrive with my $200,000 checks from you tax payers.

Again? Didn't you do that last month?