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
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