4 ms·
a common joke in December was that the proposed $600 check was just enough to buy a gun, but not enough to pay rent. now look where we are. meanwhile, some in
by ruined 6y ago
a common joke in December was that the proposed $600 check was just enough to buy a gun, but not enough to pay rent.
now look where we are.
meanwhile, some individual members of the wealthiest class have seen their fortune grow an order of magnitude over the last year. you can't convince me that any particular ceo or investor has done much work every month since the beginning of the pandemic as they did in their entire previous life. you have to understand we've simply allocated them that money.
at some point, everyone will realize we need to realign our economic priorities. i only wonder who is going to actually do that work, who will be dragged along, and who will be left behind.
- donw 6y agoCongress sent a dollar to the money printer last year, and asked for three trillion copies. Were that divided evenly among adults in the US, that would work out to something like a $12,000 check per person.
- tsjq 6y agowhy wasn't it divided equally ?
- rorykoehler 6y agobecause it was the largest theft in human history.
- animal_spirits 6y agoA lot of this 3 million dollars went to business as well, did it not? Congress didn't ask 3 million dollars for individuals only. It was for individuals and businesses alike
- rorykoehler 6y agoThe money going to business is the theft. It devalues cash but not assets. Poor people don’t have assets.
- julienb_sea 6y agoIf by "realign our economic priorities" you are implying we forcibly reallocate asset ownership and/or the associated economic benefit from growth of owned assets - this is the cornerstone of a private industry based economy. Every single successful country in the modern world is based on fundamental protections for asset ownership and investment risk. To throw this out would destroy an economy and have drastic impacts on actual quality of life.
- samvher 6y agoEvery single successful country in the world also uses taxation and regulation to guide money flows. Lots of possibilities for realigning priorities there.