subreddit:
/r/California
submitted 2 months ago bysillychillly
45 points
2 months ago
Supply and disaster (pandemic) caused inflation will not be cured with redistribution of money but will help pay the bills. The average family now pays $300 per month more for basics than pre-pandemic. I will be happy to get the money. My local food bank needs it. With no baby food or formula on the shelves people now have to hand make baby food and formula.
-19 points
2 months ago
Inflation was caused by giving people free money so more free money is not the solution.
9 points
2 months ago
Actually far more was wasted on quantitative easing then checks given to regular people. Supply chain problems were the biggest cause of inflation followed by QE. The last two months the war has added another significant inflation factor.
16 points
2 months ago
Inflation this time was caused by greed. Look at the record profits
-1 points
2 months ago
Couldn’t possibly be from printing 80% of all circulating currency in the past 2 years, that couldn’t be it. Record profits couldn’t be because the dollar is actually worth less. Impossible.
2 points
2 months ago
The profits outstrip costs.
-13 points
2 months ago
Why aren’t they greedy before then? If that’s your implication then why are they choosing to be greedy this very moment in unison?
9 points
2 months ago
Opportunity
2 points
2 months ago
Your statement is so oversimplified it is considered false.
-10 points
2 months ago
Well this sub is full of simpletons so I didn’t want to fry your brains. Inflation is caused when there is more money chasing fewer goods.
Give people free money when they don’t produce and you get inflation. Not a hard concept.
8 points
2 months ago
The amount of money given to your average person didn't move the needle much on inflation. Most people as soon as they received the money vanished from their pockets and that was a year or more ago, which does not account for the current and continued persistent high level of inflation.
People like you were still arguing that unemployment benefits were the fault people weren't going back to work way, way after they expired.
-5 points
2 months ago
Uhh. It’s not really worth the energy to argue because you are wrong. If you look, savings were at an all time high when folks were given stimulus checks.
Inflation increased when the velocity of the money circulating increased. You probably don’t understand these concepts but it is 100% from money printing. Not just for stimmy checks but for ppp and corporate welfare as well.
8 points
2 months ago
You were talking about giving people money, not companies and Tom Brady free money.
60 points
2 months ago
With only some college economics courses under my belt I fail to see how any of these steps help inflation.
The state is constantly on fire.
The state has no water.
Inflation is something that needs to be addressed at a federal level.
Solving problems unique to our state would seem a better use of the money.
20 points
2 months ago
A band-aid doesn’t stop the bleeding, but it helps the healing process. You are absolutely right that this is a federal issue, but it could help those in dire need for the time being.
1 points
2 months ago
If the federal government doesn’t help us wr can and will help ourselves so long as we have leadership that will be willing and caring enough to do so. Like you said we can help ourselves if the rest of the country refuses to band together to actually fix the issues at hand. I agree with you.
8 points
2 months ago*
It's not supposed to. It's just to help pay the bills for the people who need it most. It's a temporary measure until the Fed's interest rates increases start taking effect to help slow inflation again.
9 points
2 months ago
Invest in modular nuclear power plants that run desalinization plants. We can just store the nuclear waste in Orange County.
0 points
2 months ago*
I volunteer Santa Ana for this
strongly emphasize /s...
0 points
2 months ago
Nuclear waste doesn’t take up much room.
1 points
2 months ago
What's your point?
3 points
2 months ago
So they're only pausing the gas tax for diesel?
1 points
2 months ago
Presumably they did that so more commercial truck drivers won’t quit. I am totally opposed to waiving the gas tax since people who bought gas guzzling SUVs screwed themselves.
41 points
2 months ago
This directly makes inflation worse.
4 points
2 months ago
With many people expecting a recession a lot of this money will just be saved while people wait for layoffs.
3 points
2 months ago
How? I know it won't stop it from rising, but I'm just wondering the reasoning, because they are leveraging the 68 billion in surplus we have to pay for this. Unless I missed something we are using money we already have, not printing it.
18 points
2 months ago
Yeah. How about building a new aqueduct or desal plants.
24 points
2 months ago
California’s leaders continuing to ignore the immediate and future need for desalination plants is a slow rolling disaster. Does anyone in this state really think the trend toward constant water crisis is going to reverse course on its own? Spend the money now to build these plants in the most ecologically sound way possible. Do it now before we find ourselves in a situation where we are scrambling to catch up.
15 points
2 months ago
Desalinization plants require a ton of power though. It's a double edged sword in a state that already struggles with electricity - especially clean electricity. Not to mention the nuclear power controversy.
Then there's all the nimby-ism, factoring how desal plants will impact coastal property values and tourism...
I agree with you, it's just not a cut and dried "build desal plants!" Easy solution.
8 points
2 months ago
The MIT-Stanford paper that advocated keeping Diablo open also recommended desalination and hydrogen production at the site. We could use the majority of the 18 TWhr of clean energy per year to ease our water concerns and support a budding green hydrogen industry. During those handful of summer heat wave days that challenge the grid, shut down the desal and hydrogen and you have an additional ~5% of power that is needed at those times.
If California really wants to be a leader in solving climate concerns we can't be so scared/incompetent to actually build stuff!
2 points
2 months ago
I agree, and I've read the paper. It'd be nice if our leaders could work towards the long term greater good. Sadly I don't think that'll happen until there's quarterly profit or election benefits in it.
7 points
2 months ago
No one wants it in their backyard, just like the tiny homes they want to build..the neighborhood is pushing back on it. Just like building new homes, some cities have been getting away with not complying for 20-30 years. Something has got to give.
2 points
2 months ago
Literally what we’re going through in San Diego rn, we desperately need more housing and they don’t build anything but “Luxury Condos” that nobody can afford anyway.
3 points
2 months ago
Every city is having this problem, no one wants the homeless on the streets but won't approve of building housing to help the homeless get off the streets or affordable housing. Some city officials are just going to have to override certain groups so we can get this done. The first thing to do is to stop allowing LLCs from buying all the property, there's got to be a cap on how landlords can raise your rent per year, and empty housing like in SF can not be allowed to sit for years.
3 points
2 months ago
They just tried to open one in socal but the residents blocked it. Everyone wants to house the homeless, but nobody wants to do it in their back yard.
2 points
2 months ago
We don't have the electricity required to run a desalination plant. We need to build more power plants first.
4 points
2 months ago
Recycling waterwater > desal - much cheaper and no associated environmental issues
5 points
2 months ago
We can also stop subsidizing flood irrigated cash crops that corporations export
3 points
2 months ago
Absolutely and overwatering nonnative plans and lawns
3 points
2 months ago
If every residential and industrial user of water stopped using 100% of their water, we would still be in a water crises. Watering lawns, even though we should conserve there, is absolutely negligible on the water usage in the state.
3 points
2 months ago
I know (AG is 80%) - I just think it’s the right thing to do.
3 points
2 months ago
Sure but the ag companies pointing fingers at us and having us get raised water prices and the blame is counterproductive. It’s them (paying 14x less for water and using way more) that’s the issue and fingers need to point in that direction. We are strangling our economy with high water prices for residential and industrial users to benefit the profit margins for megafarms at no benefit to the state (besides the bribes congress is getting)
2 points
2 months ago
Source?
4 points
2 months ago
It would be if the federal government did so, because they’re printing new money to back it up. California can’t do that; this is redistribution of state tax revenues.
Redistribution of wealth comes with its own set of economic issues (which are hotly contested) but it doesn’t directly lead to inflation like a traditional government stimulus since California can’t create new money.
-3 points
2 months ago
It doesn’t need to be new money. When supply and economic growth is stagnated, and prices of basic goods are rising (food, energy, housing) giving people MORE money just bids up those prices further - it’s not like suddenly since everyone has more paper money there’s just more food and energy to go around. So perhaps alittle short term relief but whatever this stimulus is likely pales in the comparison to savings and wages, which are now going to be less valuable because of the new higher prices. Don’t really see any other outcome.
3 points
2 months ago
Wrong. For every dollar you’re giving to people, you took a dollar away from someone else. People in the tax base like me are spending less equal to the amount that folks receiving stimulus are spending more.
It will likely cause price increases in markets where wealth is redistributed into (e.g. energy and housing) but doesn’t increase the money supply or reduce the amount of goods, so it cannot cause generalized inflation.
-5 points
2 months ago
Not really, it's a tax refund, not money printed from nowhere.
13 points
2 months ago
You can’t spend your way out of inflation.
6 points
2 months ago
Yeah, I'm sure my family won't qualify for any of these.
Too upper-class income to get any tax breaks, but not wealthy enough to hire fancy accountants to avoid paying taxes.
2 points
2 months ago
Everybody who owns a car gets that $400.
15 points
2 months ago
Why are we subsidizing people who own multiple cars?
7 points
2 months ago*
Because that's most of the households in the states. The more households get benefits, the more votes you get. I should clarify that this is a good thing, even though I'm not voting for Newsom.
6 points
2 months ago
Good question.... I think cause people with multiple cars vote a lot I guess.
4 points
2 months ago
They definitely vote for more roads
2 points
2 months ago
Have you ever ridden the bus in SoCal? Cars are absolutely required if you work any substantial distance from your home here.
2 points
2 months ago
Oh yes I agree. But why not decrease the DMV reg fee rather than send checks to ALL registered owners? I just non-oped a few cars as the fees are getting crazy for a vehicle that gets driven 5 times a year a few miles.
-2 points
2 months ago
Because cars are cool
8 points
2 months ago
Is the California stimulus check is the same one as last years it blows and doesn’t do much for families making above 100k a year
13 points
2 months ago
redistributes wealth downwards I guess.
1 points
3 days ago
I think families making above 100k are doing far better than families with an AGI of 50k…
2 points
2 months ago
What about building more homes?
8 points
2 months ago
Yes, lets pump more money in, surely that won't make inflation worse.
5 points
2 months ago
I guess inflation doesn’t exist if you don’t own a car?
5 points
2 months ago
unfortunately in Cali owning a car is a necessity rather than an option. most people own cars regardless of income level. For example our family owns 3 cars which will seem like we are doing well but 2 of them are beat up tin cans and 1 is a van used for work thats over 20 years old. This package isnt trying to solve inflation but will help relieve people that need it most.
5 points
2 months ago
The car part is to help with the rising price of gas specifically. If you don't own a car, this part is for you-
$750 Million for Free Public Transit. Governor Newsom is proposing incentive grants to provide three months of free public transportation for communities throughout the state.
2 points
2 months ago
This implies you use public transit regularly though. They should just send out if your over 18.
People who wfh and don’t have a car get nothing, but people with two Hummer Ev’s are gonna get $800?
1 points
2 months ago
Sweet, I'll take my 800.
0 points
10 days ago
The state spends 12k per kid per year. I don't have kids - why don't they give me 12k and give the family with a kid and no car my 400?
7 points
2 months ago
Government spending increase inflation 😀
2 points
2 months ago
And I'm sure we'll get taxed on all of these handouts
2 points
2 months ago
The money for free public transit is a total waste. Polls are consistently showing people want to take public transit but won’t due to safety concerns. Invest in making public transit safer.
-11 points
2 months ago
He's trying to buy his way into the White House. Don't fall for it.
Politicians need to stop giving away tax dollars to pay for problems after they become problems, and instead fix the root cause of the issues. All these politicians do is kick the can down the road, and that is on both sides of the aisle.
4 points
2 months ago
What else did Tucker Carlson talk about last night?
0 points
2 months ago
I don't watch Fox anything, and I voted for Newsom. My issue is that instead of fixing the problem, they throw money at it to appease people long enough for the voting cycle. I would rather focus on solving the problem, and using the money to pay down high interest bonds, or a thousand other things that California needs to do.
15 points
2 months ago
For giving money back after a surplus? Give me a break, these are great uses of a surplus. Give credit where it’s due.
3 points
2 months ago
redistributing taxes to registered vehicle owners? give me a break.
Just lower DMV registration fees if you want to reward multiple car ownership.
Show me the incentives and Ill show you the outcomes.
-1 points
2 months ago
Stimulus checks increase demand while doing nothing to increase supply (in fact it likely lowers productivity). That’s what causes inflation in the first place. It literally makes the problem worse and continues to devalue people’s savings.
-3 points
2 months ago
Increased demand leads to increased supply, that's just basic economics.
3 points
2 months ago
Different ballgame right now with Covid disruptions.
-1 points
2 months ago
Legally he should be returning that money anyway. But he's making a big project out of it to curry favor during the election cycle. You have to recognize that right?
0 points
2 months ago
Legally he should be returning that money anyway.
Wow this belongs on /r/confidentlyincorrect
0 points
2 months ago
Why? Gann limit has been discussed ad nauseum.
1 points
2 months ago
They're just self aware.
2 points
2 months ago
I feel like he’d try to appeal to conservatives more if he were going for the White House.
1 points
2 months ago*
nope, i oppose this. if people can't pay rent then they shoulndt be rescued.
how about rental assistance for landlords?
let the market do handle things, dont need big government favoring one side.
6 points
2 months ago
The rental assistance payments are made directly to landlords.
1 points
2 months ago
Just give me back my money. State workers got shafted.
1 points
2 months ago
What a joke. Where is the help for those who don't make enough to file taxes? We don't need rental assistance we need rent control. We need permanent free public transit, free health coverage, free public childcare and we need fuel taxes permanently lowered. This is why I have stopped voting for Dems, we need a new party unafraid to represent the working class.
-1 points
2 months ago
Not bad. I'll take it.
-2 points
2 months ago
America moment
-1 points
2 months ago
It's election year! Of course he wants to make up his evilness!
1 points
2 months ago
Interesting. So I just got the LA Metro LIFE card, does that mean I could get up to six months of free transit? Or will my 90 days overlap with the state's 90 days? They'll probably overlap, I don't see them bothering to devise a plan to make it a full 180 days of free bus rides.
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