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Rent Increases, Price Gauging, Collusion — Republican Stew

2022-10-20 Porter Inflation
U.S. Representative Katie Porter

By Scott Steward

Rents have gone up so fast it has surprised even colluding real estate software marketer RealPage. Again blocked by Republicans, the “A Place to Prosper Act”, renters rights and rent increase control, never reached debate. Rent is not increasing because it costs more to keep up properties. Rents are higher because it’s what enough people can be forced to pay. Owners are charging computer generated higher rents, knowing that it will cause higher vacancies, because they can—increasing homelessness. It’s that bad.

Not one Republican voted for the Consumer Fuel Price Gouging Prevention Act. And if Republicans are the majority—you will never hear of the bill to make sure you are charged a fair price at the pump. Much more the opposite, put Republicans in power and you will fuel Putin’s Russian war, make Saudi’s rich and put American energy independence into the trash can.

Corporate profits are at records. This is true not because these corporations are adding value, it is true because they are charging high prices. Pharmaceutical companies, cable companies, oil companies—an average of 53% increase in profits over the last 6 months. How? By raising prices well over their costs—just plain old “because they can.” Biden is not the owner of Moderna, Xfinity or Exxon—most of inflation is being caused by corporate greed.

In the meantime Trump appointed judges ruled to defund the Consumer Financial Protection Bureau, a similar ruse was used to undercut the EPA, (saying agencies have to have more explicit power from Congress.) Hogwash! Guess what else is funded outside of regular appropriations—Medicare and Social Security. These Judges want to serve up these 50+ year old protections, including women’s reproductive rights, to the carving knives of MAGA Republican controlled majorities in the House and Senate.

Blame inflation on someone, that’s what Republicans are betting on even as their party will make the problem worse with giveaways to the rich and the same trickle down policies that gave 80% of us a zero increase in household income over the last 40 years. That’s their big idea.

Democrats can be forced to make laws that put Americans first. That’s why we have made some gains to see that regular Americans get fair compensation and opportunity—that is what is best for the economy—for Democrats, Republicans, Independents and everyone.

Comments

Chris Griffith

Rent is not increasing because it costs more to keep up properties. Rents are higher because it’s what enough people can be forced to pay.

Yes sir that is a very true statement..
As a slumlord myself I am going to pork that slum tenant for every damn dime I can get out of them..

Corporate profits are at records. This is true not because these corporations are adding value, it is true because they are charging high prices. Pharmaceutical companies, cable companies, oil companies—an average of 53% increase in profits over the last 6 months. How? By raising prices well over their costs—just plain old “because they can.” Biden is not the owner of Moderna, Xfinity or Exxon—most of inflation is being caused by corporate greed.

Wow..l you're on a roll another true statement
As someone who invests in the stock market I can tell you that I'm a greedy son of a b**** I want to make every damn dime that I can make and if these companies don't produce a good roi I will sell them and I buy companies that will.

Alan C. Miller

I much agree, as a fiscal conservative, on the problems outlined in the article. For although I am a capitalist/free-market-believer, I am not a believer in corporatism, corporate welfare or corporate collusion. For an excellent vid on the rental scam, see here:

REVEALED: Nationwide Landlord Collusion Scheme SCREWING Renters | Breaking Points
https://www.youtube.com/watch?v=ZJ71XxyFeqc&t=300s

However, you blows it making this a party issue. It's a PARTIES issue. Neither side wants to fix this, they just want to look like they care and keep y'all brainwashed and giving them money. The dems aren't stopping this either, and mis-named bills don't solve what they don't do. Wake up. Don't destroy the other party, destroy the two party system and the two parties within.

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