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by newhotelowner 2280 days ago
> The fed is buying debt right and left, and the government surely doesn't want to borrow money and remove that liquidity.

That's why the tax cut was a bad idea. It should have been a tax increase. We should be saving more in good times so that we have enough for the downturn.

If we had a safety net - like UBI, we wouldn't be spending 2 trillion.

Its time for UBI & some wealth distribution for proper prosperity and growth.

I paid $14 in federal taxes for every $100 I made in 2019. I am in top 1% earners in my state and nationwide. That is just ridiculous.