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> a lot of people that just dumped their stimulus checks on memecoins or wasted it buying spurious goods By contrast, when the Bush tax cuts were passed all t
by CPLX 5y ago
> a lot of people that just dumped their stimulus checks on memecoins or wasted it buying spurious goods
By contrast, when the Bush tax cuts were passed all that money was used for tasteful, ethical spending
- e4e78a06 5y agoNever said TCJA or the Bush era tax cuts were used for good purposes :) but it's probably better for the country in the long run to have excess money flowing into tech VC funds rather than being spent on memecoins and shitty electronics. That way maybe 1% of the funds will have positive returns rather than all of it being set on fire.
- CPLX 5y ago> better for the country in the long run to have excess money flowing into tech VC funds rather than being spent on memecoins and shitty electronics Why
- e4e78a06 5y agoI'm just saying in the absence of any alternatives (which I'm sure there are), it's better to have 1% of trillions of dollars going towards advancing humanity and technology than 0%. I am fully aware that 99% of that money is going to be burned on WeWorks and the like.
- MisterMower 5y agoAt least those tax cuts were on income, by definition money earned through productive activity.
- CPLX 5y agoOh good. I was worried that there were still people earning income from exploitation, rent seeking, monopoly, cronyism, and leveraging principal-agent conflicts of interest but looks like that’s all over now.