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> somebody wound up with USD. What does that somebody do with it? the bank will get usd, aaand will probably put it into stocks/bonds/whatever financial instru
by lucyjojo 1y ago
> somebody wound up with USD. What does that somebody do with it?
the bank will get usd, aaand will probably put it into stocks/bonds/whatever financial instrument. in other things it will fund national debts.
so that's part government money, part investment money for big business.
with current government/finance policies it directly goes to feed the inequality wheel.
there are many aspects to that (tax-breaks, inflation policies, job market elasticity etc.) but the end result is the inequality is increasing and shows no sign of stopping, and that money that goes out from the bottom - in the form of less salary paid and more unemployment (leading into lower salaries) - and back through the top - national debt/big investment - is not helping.
i am not saying national debt/big corp. is inherently bad for inequality (i wouldn't know.. it s a complex topic) but i am saying that the current way they choose to spend money leads to it.
i'm not complaining, i'm on the poor side that receives usd. but i say it as i see it.
i'm not an expert, just a grunt coder wanting to start a business soon, but i try to keep informed.