OK so then show me some data showing the rich vs poor income, scaled to inflation.
I’m sure it’ll be a nice linear trend where everyone’s income increases at the same rate right?
This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor
I don’t understand what’s your point here. I didn’t meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It’s a single indicator, not synonym of a perfect economy, and a great economy doesn’t translate into great society/QoL either.
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OK so then show me some data showing the rich vs poor income, scaled to inflation.
I’m sure it’ll be a nice linear trend where everyone’s income increases at the same rate right?
This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor
I don’t understand what’s your point here. I didn’t meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It’s a single indicator, not synonym of a perfect economy, and a great economy doesn’t translate into great society/QoL either.