The price of McDonald’s Big Mac in the U.S. has become 40% more expensive compared to 2019.
It is no longer a price that ordinary people can easily find.
In fact, visits to McDonald’s stores by poor ordinary people have decreased by more than double digits.
Nevertheless, McDonald’s sales in the second quarter of this year also increased by 5% year-on-year.
It is said that visits to high-income families have increased significantly instead of ordinary people.
The U.S. consumer price index is still in the 3% range.
This 3% is a murderous number for the poor.
Prices had already gone up like crazy when the virus hit the planet.
Three per cent more on that crazy price.
For the poor, that 3% makes the world hell.
They write customs and read it as hell for ordinary people.
Poor ordinary people can’t even have a McDonald’s anymore.
Even though they are hungry, they are actually starving of meals.
He is forced to eat two meals a day.
In the meantime, it is a long-term shutdown. We can’t even get food stamps anymore.
You really have to starve yourself.
You have to use a credit card to put a glue on the babies’ mouths.
But I can’t even pay back the full amount of the card every month.
It is a so-called revolve repayment that most ordinary people pay back little by little every month.
High interest rates hit that carryover balance with fearsome overdue interest.
The interest rate on credit card loans from normal commercial banks alone exceeds 20%.
The credit card delinquency rate of more than 90 days was 12.2% in the second quarter of this year, the highest since 2011.
It may be a luxury to have a meal a day now.
On the other hand, Delta Air Lines’ wide premium seat sales increased by more than 5%.
The number of people who brandished luxury goods to ultra-luxury luxury hotels has increased significantly.
There are long queues at luxury shops and luxury car shops.
Every night, the party is full of high-quality whiskey, wine and music.
The coronavirus broke out, and the whole world released money.
The United States, which can print paper money at will,
It has distributed as much as 11 trillion dollars to the world through monetary and fiscal policies.
In Korean terms, it’s more than 1.5 trillion won.
Money, which had nowhere to go, pushed real estate and stock prices to the end of the sky.
Even if poor ordinary people work all night, they can’t keep up with the rich’s asset prices anymore.
However, the money released also raised the price of hamburgers for ordinary people.
Higher living prices and higher interest on loans are the only responsibility of the poor.
So inequality gets bigger when you sleep,
It is now difficult for poor ordinary people to eat a meal.
In the meantime, in New York, the U.S., they shouted, “I can’t live anymore. Let’s change it.”
A young Muslim young man from a stranger was elected mayor.
That is also the mayor of New York.
In our case, it is not Hadong-gun, but the mayor of Seoul.
This is the image of Koraji, the country that has the best living on Earth so far.
Is this country really living well?
It’s no different from us.
The virus broke out the same way, and we released money the same way.
Now, most apartments in Gangnam are worth 5 billion won.
Hugely released money and high interest rates fill the pockets of the rich nonstop.
Don’t ignore it because it’s a small country.
Hermes, Louis Vuitton, and Chanel have sales of 5 trillion won.
The number of department store stores with annual sales of more than 1 trillion won also increased to 12.
In the midst of this, the full martial law pig who only drank
They poured bundles of money into the pockets of the rich.
Thanks to this, the country’s household was completely ruined.
The amount of tax revenue shortfall that has been recorded for two years has exceeded 80 trillion won.
All this money is in the pockets of the rich.
The national tax, which reached 400 trillion won in 2022, has decreased to 334 trillion won in just two years.
There is no way. So I raised all the utility bills.
Electricity, gas and transportation costs have all been raised.
What about ordinary people?
Don’t worry, that’s why I got an “emergency living loan”.
I’ll lend you 500,000 won each. Get in line. The interest rate is 15.9 percent very cheap.
If he pays off the interest well, he lent an additional 500,000 won.
It was a martial law pig who was tearfully grateful to the common people.
Go on the streets now. Ordinary people are still shouting “Yoon-e-gain.”
While ordinary people were shouting “Yoon-e-gain,”
The financial assets of 0.9% of Koreans amount to 2,830 trillion won.
The scale increases dramatically every year.
This is not all. The real estate assets of the 0.9 percent amount to 2,800 trillion won.
What kind of people are we? Aren’t we an all-in-one real estate people?
It’s full up to my throat, so I don’t think there’s anything to kick,
The rich’s real estate assets increased by a whopping 10% compared to last year.
When it comes to Seoul,
The average income of the top 0.1% is 3000 times higher than that of the bottom 10%.
The world is going crazy like this,
On one side of the asphalt, they still shout “Yoon-e-gain,”
Seniors pick up waste paper on other asphalt.
The world is ready to cut interest rates again.
I’m getting ready to print paper money again.
To put it more simply, cash becomes trash.
I don’t have time to sit around talking like a bubble.
You need to buy something quickly before the cash goes to waste.
Whether it’s stocks, real estate, gold, whatever…
And the price of assets goes up like crazy.
The economy has died, and the economy of the working class is struggling
I lowered interest rates, but only the rich’s pockets are gaining weight again.
The living prices pushed up by the released money are solely down to the poor.
There is no such hell.
Are We Different? Look at the recent M2 growth rate. It’s six to seven times that of the U.S.
It is called the World Inequality Institute (WIL).
It was announced that the level of inequality in Korea continued to deteriorate and is now at the level of Japanese colonial era in the 1930s.
Are you satisfied? NU’EST LIGHT who misses the Japanese colonial period whenever they have time.
President Lee Jae-myung left for South Africa to attend the G20.
Numerous articles poured in.
However, the fact that the official agenda of the G20 is “economic inequality” for two consecutive years is hard to see.
Last year, Brazil’s G20 adopted Professor Zukman UC Berkeley’s report calling for a 2% wealth tax on the assets of the world’s super-rich.
This year, Professor Joseph Stiglitz of the Nobel Prize in Economics stepped up.
He is warning.
Economic inequality will grow further in the future
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