3 ms·

Or used money they had saved. Or would otherwise save...

• yieldcrv 3y ago
  Yes that, or traded up in their brokerage account, or didnt pay rent with, or didnt pay their student loans for 3 years with, or collected unemployment + amped up state benefit for a year plus while not paying those other things But about those savings: nothing about our economy is about rewarding savers, every single aspect of monetary and fiscal policy is to promote transactions in the economy If not to another person for consumptive reasons, they want savings to go into assets If you want to save in its currency the governments will tax you the most, up to 55% if you’re self employed anywhere Americans have a 1/3rd chance of living If you do what the government is pointing at with big blaring neon signs, you’ll often get taxed 0% and be paid a tax rebate for doing do.
  • lotsofpulp 3y ago
    >But about those savings: nothing about our economy is about rewarding savers, every single aspect of monetary and fiscal policy is to promote transactions in the economy Because saving is not stuffing money under a mattress, it is investing it for a presumed return. And many major voting blocks benefit by hitting the presumed returns, which happens by promoting transactions.
• nebula8804 3y ago
  Or used money they didn't have (ie. Credit cards)