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by csomar
1779 days ago
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You are focusing on numbers which will lead you nowhere. The reason the US has a struggling population is that the US has a population that didn't have a good education and training. If you want to make a population richer, you need to train people to do things (ie: Plumbing, installing an Air Conditioner, becoming an ophthalmologist, etc...). As evidenced by the latest stimulus checks, giving people money will only create inflation and a shortage of low-wage workers. The US is very rich and connected, so lack of raw resources is not one of its issues. Jeff Bezos can have $200bn+ in the bank without affecting the economy. The effect of seizing these $200bn and distributing them is the same as quantitatively easing them into the economy. Some people exert power through work or politics. Some people have none and want to exert power through "journalism" and "shaping opinions". It's all fun and games until these people are elected (through populism probably coupled by a recession); which is when you need to prepare your luggage and get the hell out of such a place. |
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