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Keep in mind that money is not stuff. We can take all the rich peoples money and give it to poor and middle class - but this will not create one single potato.
by mdavis6890 5y ago
Keep in mind that money is not stuff. We can take all the rich peoples money and give it to poor and middle class - but this will not create one single potato. Instead we just have people spending more money on exactly the same amount of stuff.
You might suggest that all that money will cause people to produce more stuff - but whatever we produce comes instead of producing something else. We don’t have a large pool of non-workers that would suddenly become productive.
Giving poor and middle class people a bunch more money will simply drive inflation, empty shelves and lower quality overall. Which is exactly what we got with COVID related assistance.