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> One leads, of course, to price growth. The other will actually be very good for the economy A system that betters as more people hoard wealth instead of usin

> One leads, of course, to price growth. The other will actually be very good for the economy A system that betters as more people hoard wealth instead of using it to generate economic activity is a system that is kaput.

throwayyy479087 4y ago
When your ideology calls fiscal responsibility "hoarding wealth," you should rethink your worldview. Is Japan a morally bankrupt country obsessed with hoarding wealth? South Korea? Ireland? They have extremely high savings rates.
- unity1001 4y ago
  > When your ideology calls fiscal responsibility "hoarding wealth," you should rethink your worldview The US stock market and the under-the-pillow gold or in-the-bank life savings of the Japanese grannies are not the same. All of what is happening is happening for the sake of the former. None of those countries that you listed is waging a war on their working class to lower their wages to prop up the former. Leaving aside by openly declaring it. The 'fiscally responsible' country is. Even more, as its central bank moves to kill everyone's wages in general, its higher financial institutions and hedge funds are pushing the companies to go along with it to kill highly paid white collar wages too. And the tech giants who were supposedly going to 'change the world' are complying with it. Even as they post obscene profits. All of those is to prop up the stock prices. Nothing more. Nothing related to 'savings'. You may have some retirement funds in the stock market that skews your perception. But people like you don't make up the majority in the stock market. Less hold the power and call the shots. Those who make up the majority are people who dont have any relevance to any kind of 'saving', even less, the need to 'save'. And all of this without touching the fact that how that fiscally responsible country kills its people if they cant pay for healthcare or pushes them out of the cities in the winter if they cant pay rent even while working two jobs. Gotta have them plebs anxious about their livelihood, or they wont consent to working harder for less pay... Don't rationalize and justify delirious sociopathy that seeks obsessive-compulsive hoarding. There is nothing rational in the hoards of wealth that is sitting only to amass even more hoards of wealth. Its 20+ years into 21st century and instead of flying cars we have a system that thrives on making people overwork for ever less pay and even kills them if they cant pay for the hospital. Way past time for you to reconsider your ideology. Not others.
xkqd 4y ago
I know we’re talking about the macro level, but as an individual stowing your earnings away is certainly a much better idea than blowing a 6 figure income.
- qualudeheart 4y ago
  Index funds are much better investments than sports cars, after all.

throwayyy479087 4y ago

When your ideology calls fiscal responsibility "hoarding wealth," you should rethink your worldview. Is Japan a morally bankrupt country obsessed with hoarding wealth? South Korea? Ireland? They have extremely high savings rates.

unity1001 4y ago
> When your ideology calls fiscal responsibility "hoarding wealth," you should rethink your worldview The US stock market and the under-the-pillow gold or in-the-bank life savings of the Japanese grannies are not the same. All of what is happening is happening for the sake of the former. None of those countries that you listed is waging a war on their working class to lower their wages to prop up the former. Leaving aside by openly declaring it. The 'fiscally responsible' country is. Even more, as its central bank moves to kill everyone's wages in general, its higher financial institutions and hedge funds are pushing the companies to go along with it to kill highly paid white collar wages too. And the tech giants who were supposedly going to 'change the world' are complying with it. Even as they post obscene profits. All of those is to prop up the stock prices. Nothing more. Nothing related to 'savings'. You may have some retirement funds in the stock market that skews your perception. But people like you don't make up the majority in the stock market. Less hold the power and call the shots. Those who make up the majority are people who dont have any relevance to any kind of 'saving', even less, the need to 'save'. And all of this without touching the fact that how that fiscally responsible country kills its people if they cant pay for healthcare or pushes them out of the cities in the winter if they cant pay rent even while working two jobs. Gotta have them plebs anxious about their livelihood, or they wont consent to working harder for less pay... Don't rationalize and justify delirious sociopathy that seeks obsessive-compulsive hoarding. There is nothing rational in the hoards of wealth that is sitting only to amass even more hoards of wealth. Its 20+ years into 21st century and instead of flying cars we have a system that thrives on making people overwork for ever less pay and even kills them if they cant pay for the hospital. Way past time for you to reconsider your ideology. Not others.

xkqd 4y ago

I know we’re talking about the macro level, but as an individual stowing your earnings away is certainly a much better idea than blowing a 6 figure income.

qualudeheart 4y ago
Index funds are much better investments than sports cars, after all.