83°F
weather icon Cloudy

LETTER: Inflation is worse than reported

In his April 16 letter, John Severson laments the compounding effect of inflation and the growth of consumer price index exceeding after-tax income growth. It’s worse than he thinks.

The CPI is not accurately reported. This is because shrinkflation, the art of reducing the contents within a package without reducing its price, has not been factored into the CPI as a price increase under President Joe Biden, owing to the alleged difficulty in gathering statistics. So even if the reported CPI increase were to be correctly determined for the current fiscal year, the base against which it would be applied would be substantially understated thanks to three years of understating previous CPI hikes. And unless corrected in the base amount, those errors will compound in perpetuity.

Those living on Social Security or federal retirement checks are most vulnerable because the CPI is the basis for their income increases.

Don't miss the big stories. Like us on Facebook.
THE LATEST
LETTER: Those dastardly mosquitoes

In the past month, I have shed my human identity and become a walking itch.

LETTER: The carbon-spewing Biden family

Climate change is an existential threat to mankind, animals and plants. Why doesn’t the Biden family lead the way?

LETTER: The Trump show trial

Remember, Martin Luther King, Mahatma Ghandi and Sir Thomas More — all innocent men — were also declared to be guilty.

LETTER: No conspiracy involving Hunter’s laptop

The R-J should acknowledge that Mr. Trump’s lies, frauds, defamations, criminal indictments and convictions are exponentially worse than Hunter’s laptop being evidence or any of the other alleged Biden missteps.

LETTER: Trump tries to win Nevada

Mr. Trump advocating for tax-free tip income is definitely one approach to winning Nevada. But my tip to Mr. Trump is to pick Marco Rubio and show the diversity of the GOP.

LETTER: Red Rock development ‘compromise’ is depressing

Red Rock Canyon is a fragile natural wonder. To claim that 3,500 homes and the traffic that goes with them, and changing the nature of the watershed, will not negatively impact the area is absurd.