this post was submitted on 14 Mar 2026
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Must be those poor, poor fossil fuel corporations, that's why govt subsidies are never enough 🤑

https://thepoint.com.au/opinions/260311-if-unemployment-is-the-cure-for-inflation-who-pays-the-price

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[–] HubertManne@piefed.social 6 points 1 day ago (1 children)

Im not australian but in this kind of situation sans garden space. Its frustrating because I need to be looking for work and putting my best foot forward but yeah often you lose days here and there with dealing with the system. I should not even say here and there its like like every effing week there is a new thing and the full day is not bad if it resolves the issue. It really messes with your flow when you are piece mealing it out every day over a week.

[–] arbilp3@aussie.zone 1 points 19 hours ago* (last edited 18 hours ago) (1 children)

I'm sorry to hear about your situation. You mention garden space. Would there be community gardens or similar near where you live that you could take part in? Working with plants and the earth really helps plus you could make some useful connections. I hope all improves soon for you.

[–] HubertManne@piefed.social 2 points 17 hours ago

unfortunately not where I am at now but I have used them before. man at one point I rented a place in a four flat owned by two sisters and one was like. we don't sue the whole garden do you want to use half. im like yeah. get this. they had a guy turn the soil in the spring and they covered it in biodegradable week blocker stuff. to boot they regularly watered it with a sprinkler and maybe onece in awhile they would go out of town and I would do it. they even let me make a jurry rigged hoop house in the fall over it. it was pretty awesome.

[–] Alcoholicorn@mander.xyz 9 points 1 day ago (1 children)

Unemployment? lmao what? No, taxing the rich is the cure to inflation.

[–] Eyekaytee@aussie.zone -2 points 1 day ago (3 children)

What counts as 'rich' ? Is it people with an income over the average, say $100,000 or more ? or are you talking about those earning over a million per year ?

[–] hanrahan@slrpnk.net 1 points 10 hours ago

3x the median, and make > 5x the median illegal, just as we have for below minimum wage.

that aside l, instead of raising rates do a temp raise in Super for everyone above median wage, take the money from their wages but it doesn't go to banks. That takes money out of the Economy now to cool it.

PS. I have zero debt by choice and we (m & f couple) travel SE Asia in the cheap for 6 months a year.

[–] guismo@aussie.zone 1 points 15 hours ago (1 children)

Someone here is really afraid of being properly taxed. It's those muslims stealing your riches right?

[–] Eyekaytee@aussie.zone 1 points 15 hours ago

? are you just being a dumb cunt or is there something else i should take from this?

[–] Aeri@lemmy.world 4 points 1 day ago* (last edited 1 day ago) (1 children)

Let's start flensing the top 1% and go from there shall we?

[–] Eyekaytee@aussie.zone 0 points 1 day ago* (last edited 1 day ago) (1 children)

ok but how would that bring down country wide inflation?

Sorry I had to use mistral AI on my PC to generate this because I cbf explaining

Unemployment and inflation are inversely related in the short term due to the Phillips Curve—when demand for labour rises (lowering unemployment), wages and prices often increase, fuelling inflation. Conversely, high unemployment typically suppresses wage growth and spending power, reducing inflationary pressures.

If you're actually interested there's a whole article on it here

https://www.investopedia.com/articles/markets/081515/how-inflation-and-unemployment-are-related.asp

tldr taxing the richest 1% wouldn't take a bundle of money out of the economy, and it especially wouldn't take inflation out of things regular people buy, like groceries and take away because it's not something the ultra rich have an impact on anyway

Here's Australias latest CPI: https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release

[–] MisterFrog@aussie.zone 4 points 1 day ago

It would be stupidly unpopular, but I actually think there should be some legislated amount the RBA then could regulate how much taxes go up and down. (Including income and/or corporate taxes)

Starting with the top tax brackets, and in extreme cases going further down tax brackets.

How this would work in practice, since tax is calculated annually, I dunno.

Bur it's patently insane we expect the RBA to control inflation and unemployment with so few tools.

Interest rate and quantitative easing/tightening, that's pretty much it, right?