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> What goes around, comes around. if you turn the screws on people and continue to hurt them financially, they'll have less and less money to spend, and it keep
by eternalban 7y ago
> What goes around, comes around. if you turn the screws on people and continue to hurt them financially, they'll have less and less money to spend, and it keeps making the economy even worse.
Sorry, that actually made me laugh. Not "off with their heads!" anymore, but more like "I am not shopping anymore!" I am sure they tremble!
- SketchySeaBeast 7y agoIf people's retirement money is shrinking, it's not just "I'm not shopping anymore" it's "I have to save as much as I can to try to make up for attrition to just keep my rainy day fund afloat." I can't see how I'd want to invest when I know that the money I'm saving "just in case" is quickly disappearing on me. I need to keep putting money in my bank account to just to stay in the same place on the treadmill. It's basically putting in a constant overdraft fee.