4 ms·

How about the annual 400B in interest payments this year alone? How about the massive wealth disparity in our society? I don't want to work for the government

• boppo1 4y ago
  >How about the massive wealth disparity in our society? The people with enough economics/finance education to understand the mechanic are typically on the side where they benefit (enough income to invest in assets that appreciate from our debt & monetary policies). The people who suffer often don't have the time to study this stuff in depth, and when they do they often find socialist/communist information much more attractive and "truthful" emotionally. Unfortunately that content usually confers a really bad understanding of financial mechanics and so people who are on the side that benefits can use said misunderstanding abusively. For example, AOC openly supports MMT. Either she's blissfully unaware of the way that would increase the wealth disparity by pushing up the value of financial assets, or she's aware and is actually as sinister as republicans portray her. I tend to think it's the former.
  • rank0 4y ago
    Damn that’s such a depressing take I hope that’s not right. I’d much prefer ignorance over outright manipulation.