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In reply to the discussion: Why? [View all]

Farmer-Rick

(12,466 posts)
22. Actually as the filthy-rich
Mon Jul 7, 2025, 07:37 PM
Jul 2025

Concentrates more and more money, the money becomes worth less and less. They hide it and horde it. It would be good if they invested it but they aren't doing that as much anymore. The vast majority of the filthy-rich have foreign accounts to hide a good portion of their wealth. Which was a big problem that helped cause the Republican Great Depression.

Our government has tried to solve financial problems by simply printing more money. This can drive the value of money drastically downward, especially in modern markets where money is not backed by anything. Not even the good faith of a nation what with Trump as president.

Twice as many dollars in an economy makes those dollars worth half as much. That money was distributed to banks and rich corporations in times of crisis. Most of the huge PPP loans and 2008 bailouts were never paid back and went to cover failed banks, Wall Street Firms and even the Trump family. The measly $600 handed to some adults who had a record with the IRS was a drop in the bucket compared to what was handed out to the richest among us.

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Why? [View all] applegrove Jul 2025 OP
Because, because, because... Godot51 Jul 2025 #1
I always wondered why a 50 cents raise for workers Farmer-Rick Jul 2025 #2
To be fair, that part is actually true--but not in a bad way. Stimulating the economy by putting money in the hands... Ol Janx Spirit Jul 2025 #16
Actually as the filthy-rich Farmer-Rick Jul 2025 #22
They Lie. Joinfortmill Jul 2025 #3
Because the billionaire owners and shareholders keep demanding MORE, MORE, MORE... MLWR Jul 2025 #4
I refuse to use self-checkout when grocery shopping. Gimpyknee Jul 2025 #5
I don't like it either. applegrove Jul 2025 #6
I always wondered that too Figarosmom Jul 2025 #7
When the store asks me if I want to use self checkout, I ask them, "Why do I want to do your job?" ... aggiesal Jul 2025 #8
They used to give you a few cents discount on gas if you pumped it Raine Jul 2025 #9
Maybe someone can correct me, but Oregon doesn't let you pump your own gas ... aggiesal Jul 2025 #10
New Jersey Mossfern Jul 2025 #11
The short answer is: "I don't work here." Iggo Jul 2025 #14
I suppose the premise was that self-checkout would help keep costs from rising... Beartracks Jul 2025 #18
How did that turn out? n/t aggiesal Jul 2025 #20
It's impossible to say unlss you're sitting in their board room, so... Beartracks Jul 2025 #21
It funny how paying workers... GiqueCee Jul 2025 #12
Rich people tell big lies to poor people. Iggo Jul 2025 #15
Exactly 👍 TommieMommy Jul 2025 #13
K&R spanone Jul 2025 #17
As I stand in line waiting to be checked out republianmushroom Jul 2025 #19
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