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A comment on U.S. adds just 266,000 jobs in April, far below expectations. Parent comment

Re:U.S. adds just 266,000 jobs in April, far below expectations by internetslave on Friday May 07, 2021 @12:12PM (#27077441)
Work hard! Don’t worry if we print money and triple the cost of your house and new mortgage! You are in the top 15%! Look you only pay 20% of the taxes, never mind all that money we printed! It’s not a tax!
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Re:U.S. adds just 266,000 jobs in April, far below expectations by oceanghost on Friday May 07, 2021 @12:30PM (#27077714)
I feel you brother but you're mad at the wrong people.

It's banks and REIT's and corporations and foreign investors buying up houses, not poor people.

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Re:U.S. adds just 266,000 jobs in April, far below expectations by RC_ITR on Friday May 07, 2021 @12:18PM (#27077534)
So you agree with me that one premise was wrong, but you want to double down on your other premises, which are less wrong, but still lack meaningful nuance?

Chill.

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Re:U.S. adds just 266,000 jobs in April, far below expectations by internetslave on Friday May 07, 2021 @12:20PM (#27077569)
I’m saying the tax argument is flawed. They are debasing wages and acting like that’s not the case
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Re:U.S. adds just 266,000 jobs in April, far below expectations by tangjurine on Friday May 07, 2021 @04:06PM (#27080310)
Where did that money go to? To the "socialist" stimulus checks?

The majority of money printed was loaned out to banks and other institutions, which promptly put that money back into the stock market and other investments.

Think about it this way. Would you rather have your investments crash and pay the same taxes, or take the tax increase and also have your investments go up? If you would prefer the second, you benefited from the government's actions.

In fact, I feel the lower class were the ones that the government took from, in the form of impending inflation.

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Re:U.S. adds just 266,000 jobs in April, far below expectations by imtringued on Friday May 07, 2021 @05:09PM (#27080879)
Yeah, it's a loan, when you pay the loan back the money supply actually ends up contracting again and only the residual interest payments are actually added to the economy.
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