Wage rises convert overproduction into economic growth, making them inflation neutral. Tax cuts OTOH are totally inflationary. As are excessive profits and rents.

#economics #inflation #TaxCuts #ExcessiveProfits #EconomicRents

@ChrisMayLA6 @RolloTreadway

Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows | Inflation | The Guardian
https://www.theguardian.com/business/2023/dec/07/greedflation-corporate-profiteering-boosted-global-prices-study

#Greedflation
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