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by __loam
653 days ago
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People who have $100 million dollars have that money because the United States is a developed, mostly politically stable country with a highly skilled workforce and a massive military. They should pay into the system that made them so absurdly rich. I also disagree with assessment of the stimulus and the inflation reduction act. In terms of monetary policy, juicing the economy with stimulus is exactly what you're supposed to do during times of economic crisis. Policymakers wanted to avoid the slow recovery of 2008. The ultimate result of post-covid monetary policy is that we had a brief period of major inflation (much of which was caused by pandemic and war related supply shocks) but things are getting back to normal and we've largely avoided the worst outcomes. With respect to the inflation reduction act, large investments were needed in infrastructure maintenance, onshoring manufacturing, and tackling climate change. That law did all those things, so I don't really care what they call it tbh. |
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