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Most laborers (people who care about being employed) don't own extremely meaningful amounts of real estate/stock equity. Most people rent or have very low equit
by anoncoward111 8y ago
Most laborers (people who care about being employed) don't own extremely meaningful amounts of real estate/stock equity. Most people rent or have very low equity in their mortgage, and their 401k balance is not terribly high.
The exception to this would be your doctors, lawyers, executives, and rockstar programmers. And maybe anyone else who doesn't have kids and doesn't live a material life. These people are typically landlords too.
So, I personally wouldn't care too much about affecting them. I would put much more focus on preserving the value of the dollar (without killing exports), and keeping the business credit availability constantly adequate so that there aren't any overreactionary bubbles where unemployment goes from 4% to 17% virtually overnight as everyone deleverages