Posted on 08/13/2023 10:51:45 AM PDT by Kaiser8408a
Yes, there is a Dark Side to Federal stimulus! And it isn’t Dark Side of the Moon, but the dark side of who benefits from Federal stimulus. Its all about money.
Example? Take Checkable Deposits of the to 1% (blue line) of wealth compared to the bottom 50% of wealth (red line) after The Fed cranked up monetary stimulus to combat the Covid shutdowns.
On the wealth side, Covid-related monetary stimulus benefitted the top 1%.
But the middle class is expericing a tighening of credit coutesy of Cap’n Crunch (Fed Chair Powell).
(Excerpt) Read more at confoundedinterest.net ...
Not enough details. the bottom 50% were/are already subsidized by fed handouts.
The top 1% of net wealth took advantage of payroll loans not having to be paid back.
The bottom 50% probably didn’t own a business to take advantage of this.
not enough details to justify the headline.
Inflation is a hidden tax created by government.
The definition of inflation is adding more dollars to the money supply than the amount of the Gross Domestic Product (GDP).
All “stimulus” is, is more inflation, the apparent short-term gain nullified by higher-price pressure of inflation - too many dollars in circulation.
“Stimulus” is one of a long line of Leftist ruses designed for the gullible and unwary.
the rich are ALWAYS going to get richer, and there will ALWAYS be poor people with nothing.
SO... the gap will ALWAYS widen!
The fascists and oligarchs print more money, distribute some to the masses and keep most of it for themselves. Go figure. I’m shocked.
You could give virtually all the wealth to the poor and just a pittance to the rich for rice and beans and within 10 years the same people would be rich and poor again.
yep, and no amount of government will EVER change that. God himself said “The Poor You Will Always Have With You”
ALWAYS
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