If you give a billionaire money, they basically throw it on the pile.
If you give the average American money - particularly the 57% that can’t afford a $1k emergency, they’ll spend it. That spending funds jobs, profits, and is re-spent again and again until it winds up siphoned off as shareholder profits and eventually added to the pile.
Yeah but if you flood the economy with money by giving everyone a million dollars then you’ll have hyper inflation and the money will become effectively worthless and nobody will be better off.
This is one of the ways billionaires can control countries. They have so much money they can literally affect the value of those countries currency by buying and selling vast quantities of it.
If you give a billionaire money, they basically throw it on the pile.
If you give the average American money - particularly the 57% that can’t afford a $1k emergency, they’ll spend it. That spending funds jobs, profits, and is re-spent again and again until it winds up siphoned off as shareholder profits and eventually added to the pile.
Yeah but if you flood the economy with money by giving everyone a million dollars then you’ll have hyper inflation and the money will become effectively worthless and nobody will be better off.
This is one of the ways billionaires can control countries. They have so much money they can literally affect the value of those countries currency by buying and selling vast quantities of it.