3 ms·
Philosophically it’s the exact same thing. It is a mathematical certainty that deliberately raising asset prices gives much more money to the rich than to the
by esja 5y ago
Philosophically it’s the exact same thing.
It is a mathematical certainty that deliberately raising asset prices gives much more money to the rich than to the general public (many of whom get nothing or indeed go backwards by taking on massive debt to keep up).
It’s no different to a massive tax break or any other way of giving wealthy people loads of money in the hope that some of it “trickles down”. And it fails to boost the real economy for the same reason - Bezos can only get so many haircuts, read so many books, eat so many meals.