3 ms·
We are living in a consumer economy where an increasing number of jobs are becoming automated. QE is effective in relaxing capital constraints for private indu
by godzillabrennus 11y ago
We are living in a consumer economy where an increasing number of jobs are becoming automated. QE is effective in relaxing capital constraints for private industry to thrive but trickle down economics not only doesn't work it certainly doesn't work when you take into account the increasing automation. More than half of Americans live on less than $30k a year. If we want to jump start America we need a minimal viable income. Guaranteed checks to every citizen for them to do what they want. You can argue inflation all you want but without free market economics working for labor we need to tax the rich and siphon that cash back into the hands of the consumer.