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> Holders of bonds would be absolutely wrecked. That's a lot of institutions and wealthy individuals. That's also a lot of people with 401k's, college savings
by tharne 6y ago
> Holders of bonds would be absolutely wrecked.
That's a lot of institutions and wealthy individuals.
That's also a lot of people with 401k's, college savings for their kids, pension funds, and non-profit endowments.
I have a feeling that most wealthy individuals and institutions will be just fine, it's the little guy and middle class families that will feel the pain, as usual.
- AnimalMuppet 6y agoYeah, it's people in the US who would be wrecked. Sure, people outside, too, but the point of the idea was to help the American workers. If you help them, but destroy their pensions and their 401ks and their IRAs... are they actually better off? (And the answer is, some are and some aren't, but it's not a clearly good idea.)