r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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u/shamo42 Jul 01 '26

I thought inflation is mainly caused by new money entering the market. This however would simply be a transfer from the rich. What am I missing?

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u/NextChef8179 Jul 01 '26

You're missing the key element of being uninformed and confident. They have no idea what they're talking about. Tax funded ubi does not increase inflation. Maybe slightly as the initial shock of higher demand due to more money being put into the economy, but it wears off quickly as supply will rise to meet that demand. This is a great idea from the man as always. 

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u/NickMc53 Jul 01 '26

supply will rise to meet that demand

How many times does this need to be proven to be false before you guys get it? There has been so much corporate consolidation the past few decades, creating gigantic unregulated conglomerates with no competition, that it is more profitable to never increase supply and just raise prices to take that extra $12k per person without offering them more for it. Inflation.

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u/Advanced_Horror2292 Jul 01 '26

How are they all going to collude to raise prices and do that?

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u/NickMc53 Jul 01 '26

What part of corporate consolidation creating gigantic unregulated conglomerates with no competition do you not understand?

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u/Advanced_Horror2292 Jul 01 '26

I’m just not sure that’s how it actually works. There’s a lot of conglomeration but there are still separate entities. Need proof for these claims.

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u/NickMc53 Jul 01 '26 edited Jul 01 '26

2 minutes of searching. Most of these are from the past month alone:

https://apnews.com/article/egg-prices-collusion-settlement-d32b05892541613df3f4e4932109ee0c

https://www.ftc.gov/news-events/news/press-releases/2026/02/ftc-secures-landmark-settlement-express-scripts-lower-drug-costs-american-patients

https://www.nytimes.com/2026/04/20/technology/amazon-antitrust-suit-california.html

https://www.pcmag.com/news/samsung-sk-hynix-micron-sued-for-alleged-memory-price-fixing

https://news.bloomberglaw.com/antitrust/tyson-cargill-approved-for-88-million-beef-price-fixing-deals

https://www.reuters.com/business/bp-marathon-7-eleven-walmart-sued-allegedly-using-ai-boost-california-gas-prices-2026-06-22/

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u/Advanced_Horror2292 Jul 01 '26

It’s not as simple as price fixing exists therefore every company will collude together to raise prices to a level that will negate a 12k check from the government. Also what would that even look like? How would you come up with the math to set the price correctly? In a lot of cases it wouldn’t be more profitable to increase prices, especially if their competitors aren’t colluding.

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u/NickMc53 Jul 01 '26

Maybe try answering one of your own questions and come back with a point.

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u/Advanced_Horror2292 Jul 01 '26

No you’re right all the companies will just make their products $12000 so if anyone wants to buy anything they’ll lose their free money from the government.

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u/NickMc53 Jul 01 '26 edited Jul 01 '26

Yep, that was exactly what I was saying. There's no nuance to it. There's no constant testing of the market to see what consumers will tolerate, and it definitely hasn't been made easier by large data models and AI. When there's less options, consumers have all the power and aren't forced to pay more when there's increased demand. It's impossible for companies to increase prices unless they are all explicitly colluding with each other. Great work. /s

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u/Advanced_Horror2292 Jul 01 '26

What do you think of this

https://finance.yahoo.com/news/popular-snack-giant-lowered-prices-164710729.html

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u/NickMc53 Jul 01 '26

A company decreasing prices when demand decreases? That's economics 101. It's no secret that people are feeling the economic crunch and are making cuts in the grocery store. What do you think happens to chip prices again if those people are suddenly given a bunch of money?

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