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When you focus on "people" you get emotionally driven policies without any planning for long term consequences. See: Prop 13. If you want to do what's best for
by b9a2cab5 5y ago
When you focus on "people" you get emotionally driven policies without any planning for long term consequences. See: Prop 13. If you want to do what's best for the people, as a population, long term, you need to do what's best for the economy. That means you need to view them as numbers.
It is quite obvious if you take a look at any online crypto/stock trading forum that a lot of those extra stimulus checks are not going towards anything useful. We know from basic economics which you seem to think is invalid that increasing the money supply (through deficit spending on stimulus checks) and money velocity (by giving it to consumers directly instead of through e.g. increasing the supply of credit) increases inflation. We're also seeing record demand for consumer goods like PS5s, electronics, etc. Those happen to be the same products that consumers with excess money buy. Not food, because they can already afford food without the stimulus checks.
- hellbannedguy 5y agoHere we go with prop 13 again. What happens when you give county policians more money. They spend it on pet projects. I guesss we need to relive history in order to fully get it? Ask anyone who lived in CA knows how rediculious those bi-yearly tax bills were. Every year it was more. Their was a good reason Jarvis was Made as Hell. Even now, the waste, and obsene county salaries I hear about is troubling. Personally, I would like to see property taxes lower.
- alisonkisk 5y agoProp 13 was a robbery, not a "concern for the people".
- Fckd 5y agoif you havent noticed, all economic crises were created by elite economicts