Now I need to do the math on space karen/ henery ford 2.0 aka Mr my autism makes me prone to outbursts of fascist apologia.
I did the math recently and if you took the assets of the wealthiest 1% and divided only half of it amongst the remaining 336.3 million Americans it would be a check of approximately 68,000 for every man woman and child and those bloated blood sucking leaches would still have an average remainder of just under 6 million dollars each.
Yes, you apparently are.
I mean, please refer to my comment that has triggered you to see an explanation as to how a far too lopsided distribution of wealth actually affects a society.
Inflation, price level rises, don’t just… happen perfectly evenly across all elements of the economy at exactly the same time, to exactly the same degree.
Broadly speaking, those closest to the recieving end of the proverbial money spigot, well they get to spend or invest that money first, and then the rising price levels slowly trickle down, spread out to other segments of the economy.
Basically, bubbles start to form in usually specific economic/market sectors or segments, and then those effects spread, complexify, compound through the whole system, if not well counteracted by very effective and hands on monetary and fiscal policy.
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You don’t seem to get the idea of variable velocities of money, and how they work in a debt based, fractional reserve monetary system.
It is actually private banks that mechanistically do the vast amount of ‘inflation’, ie, multiplying of money.
Roughly, ever 1 dollar that gets deposited into a bank becomes 10 dollars, through being loaned out to other people and banks, which are then loaned out again, and again, etc.
But, different sectors of the economy have different multiplying factors, different velocities at which those multiplying factors occur.
You can say, print a fuckton of money and throw it at CDO holding banks to prop them up from going bankrupt.
(Basically the 06-08 GFC)
This is a huge amount of low velocity money, its not moving anywhere, its there to shore up failing assets.
Or, you could print the same amount of money, but distribute it in small amounts directly to the broad populace, who will then basically immediately spend it or deposit it, the velocity and multiplication factor of that money will be much, much greater than the former scenario.
(Roughly, Covid Era Stimulus Checks)
Or or, you can achieve something similar in terms of stimulate the ground level economy by taxing the wealthy and giving to the poor, which in net takes slow, low velocity money, and makes it fast, high velocity, without ‘printing’ any new money.
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This is all actually a lot more complicated than you seem to think it is.
I don’t know that you are a ‘bad guy’, but I do know that you are an overconfident and misinformed guy, who is flailing when their innacurate, vague aphorism is actually fully explored.
Sorry you don’t like being held to an academic level of rigor and scrutiny?