Fake News: Inflation Is Simply Rich people Complaining

Written By BlabberBuzz | Saturday, 20 November 2021 05:15 AM
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A controversial New York Times writer has once again ignited criticism online after insisting that the "inflation hysterics" principally affect the rich, ignoring reports of the highest inflation increase in three decades.

"All the stuff you see about inflation in the news is driven by rich people flipping their s*** because their parasitic assets aren't doing as well as they'd like,'" Sarah Jeong, a former Times editorial board member, tweeted on Tuesday.

"And they're scared that unemployment benefits + stimmy checks + 15 minimum wage + labor shortage is why ~[just my thoughts]~" she went on.

Extremely angry Twitter users rushed to point out flaws in Jeong's case, stating that inflation and increase in the cost of living affected middle America the most. Last week, the Department of Labor reported a 6.2 percent rise in the consumer price index - the most significant annual increase since 1990.

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Jeong, who is now an editorial writer at the Times, beforehand came under scrutiny when many of her derogatory tweets against white people surfaced once again in 2018.

Jeong is a Harvard Law School graduate who has written for The Atlantic, The Washington Post, and The Verge and was named one of Forbes "30 under 30" for media in 2017.

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In 2019, Fox reported that Jeong voluntarily left the NYT editorial board after planning a boycott against the paper.

After her comments on Tuesday, many jumped to argue her allegations and blamed her for being out of touch with how inflation hits poor families in the US.

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Political commentator and Outkick founder Clay Travis weighed in and wrote that Jeong's tweet was a failure to perceive fundamental economics.

He contended: "Rich people are far less impacted by inflation than poor people because rich people spend a comparatively smaller amount of their income on products. Inflation is a massive default tax on the poor."

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"The War on Small Business' author Carol Roth said that Jeong's claim made absolutely no sense and could easily be debunked.

"Inflation is a tax that impacts the middle class and poor the most. Facts > feels," she announced on Twitter.

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Though Jeong didn't back down from her remarks, and hours later tweeted that she didn't regret the controversial tweets, notwithstanding having received death threats.

"[W]aaaaah the working class's income is keeping pace with or outstripping inflation but my capital gains aren't boo f---ing hooooo," she announced.

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She went on: "Very spooky, scary to think of the moment the poors realize inflation favors debtors and that that's what the hubbub is about, and not milk prices."

"I like all notifications turned off on here and I turned off comments on the original tweet, so mostly I know I've riled people up real bad because of the clustering of death threats in my email inbox and well… I don't regret it."

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