Inflation destroys the middle class. Companies like Amazon can weather out a few years of this. Small businesses can not. From Breitbart:
Bidenflation: Producer Price Index Rises by Record 9.6%, Worse Than Expected
Prices charged by businesses for goods and services purchased in the U.S. rose 9.6 from a year ago in November, their highest annual pace in records going back nearly 11 years, the Labor Department said Tuesday.
The final demand goods component of the Producer Price Index rose 1.2 percent compared with October. Compared with 12-months earlier, prices are up 14.9 percent. Prices on the services side rose 0.7 percent during the month for a 7.1 percent 12-month increase.
The Producer Price Index, or PPI, measures the average movements of prices received by domestic producers for goods and services sold both in the U.S. and exported. The Consumer Price Index measures prices paid by U.S. households, excluding exports and including imports. Goods and services sold to households and businesses that are their expected end-users are known as “final demand.”
The Cost of Doing Business rises. Business owners must charge more for their products or services. Customers make do without or buy from Amazon. The small American-owned business fails. The large corporations working with the government step in. Modern-day Communism is installed and the shades of Lenin and Mao smile from their graves. A small consolation for spending the eternity in Hell - they get to watch us enjoy Hell-on-Earth while they suffer.
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