Quote:
Originally Posted by Gatordash
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I point this out a lot because it bothers me but another quick reminder that our government has been spending 120 billion dollars each month in order to ensure the stock market and housing market continues to go up during Covid using Quantitative Easing. This means our government has spent over 2 trillion dollars to make sure the wealthy continue to increase their wealth during Covid.
The wealthiest 10% of Americans now own a record 89% of all U.S. stocks
This has increased the 'wealth gap' between the rich and everybody else which is bad for our country. I could go on about corporate bail outs and corporate buybacks and how the very people in charge of Quantitative Easing used their insider information to make hundreds of millions of dollars off of the 90% of people who own 11% of stocks but it gets kinda boring which is the only reason I can think of that 24 news channels don't ever bring up that we have been bailing out the wealthy without a single discussion yet everyday Biden is meeting with some Congressman/woman about trying to pass his human infrastructure thing.
I find it disingenuous and that bugs me is all. |
Something that Patrium told me that stuck with me: your never gonna stop the 1% from getting theirs.
That's not up for debate in our real power centers like congress. They will -- without asking anyone -- very quickly bail out the well connected.
Its only up for debate when it comes to bailing everyone else out. People are sick of being lied to about how if you vote for fiscal conservatism -- somehow these bail outs wont take place.
They will. They always do. No one is going to let chaos of the market take place and ruin them and their friends life if they have the power to stop it. They do, so they stop it.
Your never gonna get a guy in congress that wont go along with the next wallstreet bailout. All you can do is try to be included in the spending.
A lot of houses are not owned by people that are in the top 10%. Its their way of buying those people off. I'm sorry your left out atm (I am too). You are too poor for them to care about. They will care about you a little once you buy a house. But not much.
And once you have a house, and the market crashes, if we have a fiscally conservative government (which you would have likely voted for), the only difference is they will say "fuck you -- houses are high enough already" after bailing out their friends.
10-18-2021, 07:08 PM
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