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The response is pushing many into extreme poverty while also pushing a rich few into even greater wealth.
by AndrewBissell 6y ago
The response is pushing many into extreme poverty while also pushing a rich few into even greater wealth.
- cm2187 6y agoIt is being downvoted but it is true. Massive unprecedented money printing has pushed asset prices up. And we are still printing more money.
- AndrewBissell 6y agoMMT for the rich, austerity for the poor.
- strangemonad 6y agoWhy is this being downvoted when it’s demonstrably true. The people being hit the hardest where the ones already in economically precarious situations
- eikenberry 6y agoBecause it is common knowledge and doesn't add to the conversation?
- AndrewBissell 6y agoIt may be common knowledge that the wealthy have done disproportionately well during the pandemic, but much fewer are agreed or aware that that is largely a consequence of the government's/Fed's response.
- ekianjo 6y agoYes, because it makes people at the lower end of the ladder much more sensitive to losses of opportunities. Mandatory lockdowns are a disaster.