No, my comment was not meant at individuals. But on a wide scale, printing more to give to poor people makes their income less meaningful and makes them more dependent.
Poor people on the way up don't need those tricks. Just give them a tax break.
Discussion
You’re right. All I’m saying is that printing has the exact same effects on rich people, companies, and governments in general. I gives them no incentive to be productive, makes their income less meaningful, and makes them more dependent. I am very sympathetic to the poor worker who has gotten fucked by the system of “Bailouts for the rich, robust capitalism for the poor.”
All money printing is bad, but I hold nothing against people who call for broad money printing, since there is already so much targeted money printing anyway.
Hmmm.. I hadn't really thought of accelerationism before. It's not my currency, so I don't care too much how fast it breaks. People can vote for it but without the Central Bankers to finance it, it'll get nowhere, and I don't see them signing off on it.
But it's not the same effect when you get the money before it's lost purchasing power, you are not reliant on fixed income, and you have hard assets that are resistant to inflation.
The government is a give and take, it's all about who gives more and who takes more. Can't just look at who pays most taxes...
Anyways, thanks for the convo. ✌️ Have to wrap this up.
Thanks for the discussion, friend 🧡