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>When you give peons like us $10K, you don't get any of it back, except in taxes. Where do you think it goes exactly? This might help explain our disconnect:
by cmendel 6y ago
>When you give peons like us $10K, you don't get any of it back, except in taxes.
Where do you think it goes exactly?
This might help explain our disconnect: https://en.wikipedia.org/wiki/Velocity_of_money https://en.wikipedia.org/wiki/Velocity_of_money
- downerending 6y agoI was specifically addressing the idea that $30T was given to companies. This simply isn't correct. A better analogy would be if the government decided to "give" $90K to each homeowner in return for a $90K share in their home equity (valued according to some plausible marking). That's very different than simply giving them $90K with no strings attached. Certainly something is being given, but it's not worth anything like $90K.