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Joined 2 years ago
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Cake day: June 25th, 2023

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  • Price increases seem to take long residence in people’s minds. Prices are noticeably way higher than in 2019. Whether wage increases make up for that is kind of beside the point, psychologically. Collectively, big price hikes are traumatic.

    Economists correctly talk about inflation as a rate of price increase, and they correctly consider real wages as a useful metric of well-being. But economists are academics and we use the word “inflation” in a colloquial sense, in a politicized real world, where it means “I have noticed that prices rose is recent memory and every time I go to the store I feel cheated.”

    But to be clear, it’s not in my top 10 either (mine starts with climate, democracy, and freedom). Just sharing how I see the disconnect on inflation as a hot topic.






  • Profitability is just a proxy for whether someone is legitimately running a business, or just trying to save money on their hobby. Businesses can deduct expenses, hobbies cannot.

    So if you are running an etsy store or an engineering company and buy a 3d printer to make parts, the cost of that 3d printer is subtracted from revenue for tax purposes. If your “business” is actually a hobby, it’s not legally a business expense and therefore it’s not deductible

    (In the USA)