News for hackers. Stuff that matters.

A comment on Low interest rates in advanced countries have pushed money into real estate. Parent comment

Re:Low interest rates in advanced countries have pushed mone... by imtringued on Thursday November 25, 2021 @03:18AM (#29339324)
That debt pays for very important tax cuts for the rich.
[ Parent | on HN ]
Re:Low interest rates in advanced countries have pushed mone... by po1nt on Thursday November 25, 2021 @03:48AM (#29339481)
Well tax cuts were implemented so lower income people would not lose jobs. For example private jets were made tax deductible so the industry would not burn to dust when thanks to tax increase people stopped buying them.
[ Parent | on HN ]