Rate Hikes Are Affecting the Economy

Re:Rate Hikes Are Affecting the Economy by triceratops on Wednesday November 02, 2022 @12:36PM (#33438628)

40% of households (out of 123m) don't pay federal taxes, so it's not their pockets being picked. 22m people have signed up for relief. Maybe you could say "a majority of taxpayers" but even that's not certain, since we don't know the distribution of those people.

In any case, 22m people benefiting is far more people than the top 1% who benefited in March 2020. But compare the relative outrage.

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Re:Rate Hikes Are Affecting the Economy by ch4s3 on Wednesday November 02, 2022 @01:14PM (#33439403)

Having the government debt finance a giveaway to people who do not need assistance if pretty much theft from everyone. As debt service surpasses 9% of the federal budget it will begin to crowd out other spending. Furthermore, piling onto inflationary policies definitely hurt people who don't make enough money to pay federal taxes.

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Re:Rate Hikes Are Affecting the Economy by triceratops on Wednesday November 02, 2022 @01:53PM (#33440125)

See my other comment: https://news.ycombinator.com/item?id=33438985

Where's all the hate for government assistance for the stock market? That's pretty much the definition of "people who do not need assistance".

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Re:Rate Hikes Are Affecting the Economy by ch4s3 on Wednesday November 02, 2022 @04:26PM (#33442472)

I agree. The government shouldn't be pumping stocks with negative interest rates.

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