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I used "local economies" in an unclear, fuzzy way. I was just pointing out that the money doesn't just vaporize into the atmosphere, it buys gas and building ma
by thaumaturgy 4y ago
I used "local economies" in an unclear, fuzzy way. I was just pointing out that the money doesn't just vaporize into the atmosphere, it buys gas and building materials and pays for wages and construction equipment and lots and lots of other things, and it's "local" in the sense that much of it isn't going to another country.
It would be better if that money were being spent on affordable new housing development that wasn't just replacing low-income small communities, but it's still weird to talk about it as though it's a billion dollars in a winged suitcase that is set free to live its best life in some untamed wilderness, not a single Jackson of which will ever again grace a wallet.