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

Farmer-Rick

(11,976 posts)
22. Actually as the filthy-rich
Mon Jul 7, 2025, 08:37 PM
Jul 7

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