• Etterra@discuss.online
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    4 days ago

    Maybe somebody should explain to them that the economy is supposed to be made of people spending money on goods and services, not hoarding it in the bank with their billions of other dollars.

    • Fredselfish@lemmy.world
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      4 days ago

      Yep learned that crazy enough from my maga dad. He got mad at his sister in 2008 during the crash because she was hoarding the money instead of stimulating the economy. Why also was pissed Obama bailed out the banks. If he just gave all the poor people a check they will go out and spend it. Why we have the whole tax season. Technical when you get a tax refund just means you paid more in then you should have. But it’s by design. Because poor people will go spend all the money. Buying cars, furniture etc. Shit they normally couldn’t afford to do.

      Why drives me nut. Fucking Regan his trickle down economics. It needs to be reversed. Trickle up economy does work.

      • Etterra@discuss.online
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        3 days ago

        I mean Nixon started the car, But Regan shifted it into drive and threw a brick on the pedal. It’s one thing to save enough money for emergencies, even major ones. But once you’re up into the tens of millions, hundreds of millions, and billions, it’s just greed and fuck you. Go invest in solar or build homeless shelters or something you parasites.

      • GoofSchmoofer@lemmy.world
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        4 days ago

        And yes that works to slowly trickle money up the wealthy while the poor get something for their spending.

        But today that doesn’t need to happen. Now the billionaires have bought enough politicians so that they get all the money without having to deal with the poors. They just get bills written (and passed) that trickle up everyone else’s tax money directly to them.