3 ms·
Inflation benefits people with debts. People with assets are quite untouched, you'd even think that real estate is viewed as a safe investment (the "concrete go
by HarryHirsch 6y ago
Inflation benefits people with debts. People with assets are quite untouched, you'd even think that real estate is viewed as a safe investment (the "concrete gold" meme). Better unemployment benefits would help, but under Delaware Biden they are a political impossibility.
- jolux 6y agoUnemployment benefits are currently the best they’ve ever been by a wide margin.
- HarryHirsch 6y agoThe word is "currently", isn't it? They'll be rolled back soon enough, same as in 2008, to get the plebs back to work.
- jolux 6y agoOne assumes, though it's expected the child tax credit will be introduced in a permanent bill eventually, so I think there's a chance we'll see a more permanent UI benefit too. At least I hope.
- HarryHirsch 6y agoPfft. Biden rolled back immigration restrictions in a period of record unemployment, and you expect improvement in unemployment benefits? Labour must be squeezed, and the child tax credit does that, too. Can't have a reduction in births, that would mean less workers fighting for a job twenty years down the line.