NYT Contributor Says Inflation Panic “Driven By The Rich Turning Their Business” On Devalued Assets
New York Times contributor Sarah Jeong raised her eyebrows on Twitter for comments dismissing growing concerns over inflation.
“Everything you see about inflation in the news is caused by rich people flipping their shit out because their parasitic assets aren’t doing as well as they would like and they’re afraid that unemployment benefits + stimmy checks + 15 minimum wage + labor shortage is why ~[just my thoughts]~ ”
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Jeong, a former Times editorial board member whose LinkedIn profile says she is currently an “editorial editor” for the newspaper, insisted it was “not me who started with the newspaper on purpose. inflation hysteria “.
Critics lambasted the liberal journalist, with many saying she was unaware of the impact most Americans have on the current economy.
“This Tweet is a failure to understand basic economics,” responded Outkick founder Clay Travis. “The rich are much less affected by inflation than the poor because the rich spend a comparatively smaller amount of their income on commodities. Inflation is a massive default tax on the poor.”
“You can check just about * any * asset class and know that it makes absolutely no sense – assets have been inflated to record highs by the printing of the Fed $ and the stimulus measures This is the S&P 500, for example. Inflation is a tax that impacts the middle class and the poorest. Facts> feels, “tweeted Carol Roth, author of” The War on Small Business ” “.
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“Oh my god, can you imagine being so willfully ignorant,” asked Liz Wolfe, editor of Reason magazine.
“The point is, liberal elites enlighten you and hate you,” Ruthless co-host Comfortably Smug wrote. “The rich love outperforming stocks, it’s the working class people who have to worry about groceries being more expensive and gasoline prices skyrocketing. But ivy league reporters want tell you, don’t believe your lying eyes. Unbelievable. “
Jeong, however, remained defiant, later mocking her criticisms on Twitter.
“[W]aaaaah working class incomes keep pace or exceed inflation, but my capital gains are not crazy, ”Jeong exclaimed. “Very scary to think of when the poor realize that inflation favors debtors and that’s what the hubbub is talking about, not milk prices.”
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“I like all notifications turned off here and I turned off comments on the original tweet so most of the time I know I’ve really pissed people off about the bundling of death threats in my inbox well… I don’t regret it, ”she added.
The Times did not immediately respond to Fox News’ request for comment.
This isn’t the first time Jeong has garnered negative attention for the Gray Lady. In 2018, after it was announced that she was joining The Times, several derogatory tweets from 2014 targeting whites surfaced.
“Oh man, it’s a little disgusting how happy I am to be cruel to old whites,” Jeong wrote in July 2014 in one of many old posts that went viral.
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Jeong’s Twitter feed was filled with a multitude of messages that could be interpreted as racist and offensive. She compared “white fools” to dogs, said “old white men” were “lemmings,” felt the whites “were going to be extinct soon” and used the hashtag #CancelWhitePeople.
“Are whites genetically predisposed to burn faster in the sun, so logically only fit to live underground like crawling goblins,” she wrote in 2014 before adding a paragraph stating that ” the whiteness “was” awful. “
The Times backed Jeong when her hiring came under public scrutiny, saying, “We hired Sarah Jeong because of the exceptional job she did… her journalism and the fact that she is a young woman. Asian people have made it a frequent subject of online harassment. For a while, she responded to this harassment by imitating the rhetoric of her stalkers… She regrets it and the Times doesn’t approve of it. “
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In 2019, Jeong “decided to quit the editorial board” according to a Times spokesperson after publicly defending a boycott of the newspaper, saying he supported “dissenting opinions within the newspaper on what he should. do and be “.
Brian Flood of Fox News contributed to this report.