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re: The cost of inflation: by time

Posted on 9/21/22 at 2:32 pm to
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24786 posts
Posted on 9/21/22 at 2:32 pm to
quote:

We're building an economy from the bottom up and middle out.



Their entire strategy is NOT to grow the economy, but to take money from rich people and give it to poor people.

Note: That doesn't create more wealth - housing, cars, food, or anything else that people think they can buy with the redistributed wealth.
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 9/21/22 at 2:49 pm to
quote:



Their entire strategy is NOT to grow the economy, but to take money from rich people and give it to poor people.



No. The idea is to take from the middle class and rich and make sure it finds its way back into the hands of the extremely rich
Posted by mauser
Orange Beach
Member since Nov 2008
21759 posts
Posted on 9/21/22 at 4:00 pm to
In addition to taking money from the rich and working middle class to give to the poor, it's also printing money that hasn't yet been earned and giving it to the poor
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