Re:The Rich Are Minting Money in the Pandemic Like Never Before
by dstola on Thursday January 21, 2021 @11:06AM
(#25860317)
I don't understand how more aid will help rather than exacerbate the problem.
If the previous stimulus checks artificially propped up the economy, gave stock market a boost and led to this Well-off people getting More-well-off effect, how will another stimulus package be any different? The only way I see of doing that is sabotaging the economy (ie, mini-recession) or full on socialist/communist control to distribute the wealth, neither of which sounds pleasant or great in any way shape or form.
If the previous stimulus checks artificially propped up the economy, gave stock market a boost and led to this Well-off people getting More-well-off effect, how will another stimulus package be any different? The only way I see of doing that is sabotaging the economy (ie, mini-recession) or full on socialist/communist control to distribute the wealth, neither of which sounds pleasant or great in any way shape or form.
Not an economist, just my two cents.