So they make inflation more, and people lose purchasing power in a savings account, and instead invest, which pumps up stock prices for the whales who knows when to cash out.
That’s… not really how that works. I mean inflation is there to keep people from saving when they could be investing their money, but that’s not to make money for the whales. Money sitting in a bank account doing nothing is bad (economically speaking) even when the owner of the money isn’t rich. More money moving is better for everyone.
I mean real wages have been increasing under Biden so he’s not 100% wrong about the whole economy thing, but either way that’s not relevant to my point.
Lots of money is moving, it’s not good for the majority of us
Because it’s moving to the top. The latest round of price gouging inflation is a special case and not representative of inflation at large.
I mean exactly. I’m not sure when in my replies you saw me say anything otherwise; you need strong and well-enforced taxation or the whole thing falls apart. That has no relation to the value of currency, which is a far more fundamental issue in a capitalist system.
That’s… not really how that works. I mean inflation is there to keep people from saving when they could be investing their money, but that’s not to make money for the whales. Money sitting in a bank account doing nothing is bad (economically speaking) even when the owner of the money isn’t rich. More money moving is better for everyone.
*Gestures broadly at “the economy” Biden kept bragging about
Lots of money is moving, it’s not good for the majority of us
I mean real wages have been increasing under Biden so he’s not 100% wrong about the whole economy thing, but either way that’s not relevant to my point.
Because it’s moving to the top. The latest round of price gouging inflation is a special case and not representative of inflation at large.
When the fuck hasn’t it?
We used to take it back with taxes, now we don’t…
Have you learned anything about economics outside of a classroom?
I mean exactly. I’m not sure when in my replies you saw me say anything otherwise; you need strong and well-enforced taxation or the whole thing falls apart. That has no relation to the value of currency, which is a far more fundamental issue in a capitalist system.