[Aunche]

>QE can be thought of as a tool to accelerate the wealth transfer from poor to rich.

This is no true. It’s QE is funded by other rich people who buy bonds. If we do pay off the debt, again it will be rich people paying it off. The top 10% pay 70% of federal taxes.

Also, the megarich don’t lose much when the stock market collapses. Even if they lose 90%, of their wealth, they’ll live comfortably. Meanwhile, millions of working class people will lose their jobs because companies run out of credit to pay them.

[_y5hn]

Wealth is in owning, not shenanigans of currency. The wealthy hardly lose anything. Meanwhile, people find "wealth" in working longer hours, renting and buying unhealthy food.