JIM SHARPE

Untamed Turkey Day inflation may mean menu adjustments

Nov 10, 2021, 12:30 PM
(AP Photo/Victor R. Caivano)...
(AP Photo/Victor R. Caivano)
(AP Photo/Victor R. Caivano)

Thanksgiving travel is expected to get close to pre-pandemic levels this year. But with 90% of Turkey Day travelers taking a car and the price of gas being what it is some menu adjustments may be necessary. 

My suggestion is this: Instead of having a bunch of leftovers from Thanksgiving, consider having leftovers for Thanksgiving. 

Today’s $3.62-per-gallon Arizona average is 12 cents higher than last week and $1.40 higher than last year.

It seems like gas going up is part-and-parcel, though, as prices for almost everything appear to be up. And the reason they appear to be is… prices are up for just about everything.

The federal government reported this morning that U.S. consumer prices jumped 6.2% in October, the biggest inflation surge since 1990 more than 30 years.

That’s back before “Friends” debuted (an important moment in history for my wife) and it’s long before you could be friends on Facebook because there really wasn’t an Internet yet.

While 1990 isn’t so far back that there weren’t cars, today’s bad news may have you thinking about a horse and buggy to get to go over the river and through the woods to granny’s.

We’re paying way more for way more than just gas too: utilities are up 28%; used cars, up 26%; bacon is up 20%; and eggs, fish, pork chops and things like washing machines and furniture are all up by double digit percentage points price-wise.

That makes the inflation of my belly post-Thanksgiving look like nothing.

So what do people in Washington think will fix consumers’ woes? 

More money flowing directly from the government.  

Much of what’s in President Biden’s proposed “Build Back Better” bill would definitely improve a lot of people’s lives.

But as I discussed this almost $2 trillion plan with Arizona Congressman Greg Stanton this morning, I realized one of the features that he and other Democrats believe will help pay for it could leave most of us paying even more for many things.

“The proposal is to create a corporate minimum tax,” Stanton said on Arizona’s Morning News on KTAR News 92.3 FM. “When you read about some of the largest companies in America paying zero dollars and zero cents in taxes, that’s not fair to the rest of us.”

It’s not fair and loopholes should be closed. “Corporations should pay zero taxes,” said no one ever.

But at a time when businesses are already struggling with supply chain issues and labor costs, what do you think increasing corporate taxes will do to the already-inflated cost of their goods?

Yup. Bad things.

Bad, that is, unless prices weren’t high enough for you already.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Jim Sharpe

(Allen J. Schaben / Los Angeles Times via Getty Images)...
Jim Sharpe

How did fewer Arizona drivers equal more road rage?

KTAR News host Jim Sharpe is peeved since road rage incidents in Arizona seem to be climbing despite fewer drivers on the road.
2 months ago
(AP Photo/David Goldman)...
Jim Sharpe

Too many ‘mental’ members in Arizona Legislature

KTAR News host Jim Sharpe wonders why Republican Arizona Legislature members continue to push bills that propagate the idea there was widespread election fraud in 2020.
2 months ago
(Screenshot via Maricopa County Attorney's Office YouTube)...
Jim Sharpe

Failing future — and current — victims means Maricopa County Attorney Adel should resign

KTAR News host Jim Sharpe believes Maricopa County Attorney Allister Adel should resign after her office failed current -- and likely future -- victims by missing a charging deadline for about 200 cases.
2 months ago
(Facebook Photo/Phoenix Union High School District)...
Jim Sharpe

How about actual ‘safe spaces’ for Phoenix Union students?

Following a Monday shooting at Cesar Chavez High School, KTAR News host Jim Sharpe asks if school resource officers should have a renewed presence at Phoenix Union High School District.
6 months ago
(YouTube Screenshot/Mark Brnovich for Senate)...
Jim Sharpe

Arizona AG Brnovich hedges bet on vaccine mandates for businesses

Some Republicans' lack of trust in COVID-19 vaccines is reason for Arizona Attorney General and U.S. Senate hopeful Mark Brnovich's burying of a decision that says private businesses can require the shots, writes KTAR News host Jim Sharpe.
9 months ago
(Photo by Sergio Dionisio/Getty Images)...
Jim Sharpe

President Biden, don’t just TELL us you heart us on Valentine’s Week

President Joe Biden's kind words about Arizona Gov. Doug Ducey were sweet, but more vaccine doses would show true commitment, says KTAR News host Jim Sharpe.
1 year ago

Sponsored Articles

...
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
(Twitter photo / Coco5)...
Coco5

Suns star Devin Booker’s all-natural sports drink Coco5 perfect for any activity

Devin Booker is leading the Suns in pursuit of their first NBA championship while also working to provide people proper hydration with Coco5.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to in April

April brings new beginnings in different ways for Arizona’s professional sports teams like the Suns and Diamondbacks.
Untamed Turkey Day inflation may mean menu adjustments