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How commoners can cope with inflation

Tom Purcell on

Finally, people have found something to agree about.

Last week, economics professor Teresa Ghilarducci penned an op-ed for Bloomberg News in which she offers tips on how people who earn less than $289,000 a year can cope with inflation.

Her piece got quite a negative Twitter reaction from people across the political spectrum.

If you make over $289,000 a year, the column tells us, inflation will not sting as bad as it would if you make $50,000 a year.

Paying upwards of $5.00 for a gallon of gas is a lot harder to do when you don’t make nearly $300,000 a year, apparently.

I majored in English, but even I could figure that out.

 

But the advice she gives to plebeians to cope with inflation is what really set the negative Twitter reactions off.

How to deal with rising fuel prices? Ditch your car — heck, sell it as a shortage of new cars has made your used car worth way more than it should be — and jump on a bus.

Public transportation fares are only up 8% compared to gasoline which is up 38%, you see.

You may not like riding on the bus — I like to drive directly to my desired destination — but tough beans for you because some people are secretly very happy fuel costs are soaring and you are being forced to choose greener alternatives.

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Copyright 2022 Tom Purcell, All Rights Reserved. Credit: Cagle.com
 

 

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