We hear that the high cost of food, gas and rent is because of inflation caused by President Biden. We hear all kinds of economic college jargon about too much money in the economy and other nebulous concepts. I have an economic concept everyone can understand...Greed. A person can put off purchasing a car, clothes, furniture, cell phones, televisions and many other items. We must purchase food, gasoline and a place to live. We have no choice. The stock market is over 40,000. Unemployment is low, wages are up, interest rates are falling and a barrel of oil has dropped by $10 in the last month. Why are we not getting the benefits? It's about greed. It's about price fixing. It's about a lack of free market competition. Every time the working class gets a wage increase, corporations collude to take their cut of middle class worker's money.
Richard Bechtold
West side
Disclaimer: As submitted to the Arizona Daily Star.
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