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Because people are buying government debt and the interest rates are so low, thats there is no benefit to reinvest into society.
Again, GOVERNMENT is causing the problem, and you applaud it.
I do? Where'd I say that?
For the record, I'm opposed to the Fed buying up treasuries to prop up the stock market, it's yet another example of public money being used to prop up the rich.
If the rich getting richer helps the poor, why is EXACT OPPOSITE happening?
The Poor:
Think of today, think of survival. If they get money they buy things instead of using money to help them move out. If they do get educated or land a great job the government takes some of their profits through taxation increasing the hardship of moving out of poverty. Taxes will keep the people who are trying poor.
The Middle Class:
Think monthly. As they become more successful they use (bad) debt to buy liabilities (stuff). They can do as the rich do and use (good) debt, OPM to buy assets (to put money in their pockets) but most middle class put the horse before the cart so they end up getting caught in a rat race.
This group depends on income instead of wealth (because they didn't build their wealth yet). Taxation makes it hard to move up because income (not wealth) is taxed making it difficult for them to build their wealth. Taxes help you stay middle class.
The Rich:
They think long term and use money to buy assets that will put money in their pocket. The offsetting money of those assets pay for their liabilities. By investing their money for example real-estate (provides housing for people who can't afford to buy). By investing money into companies, it helps companies grow which results more employment. Yes, they live off the resulting profit of investing but remember they are taking a risk and can also lose. The rich understand that their education never ends. They work by educating themselves so they can invest well (for profit).
I don't see the issue that the left has because if they do well then others also win.
For the record, I'm opposed to the Fed buying up treasuries to prop up the stock market, it's yet another example of public money being used to prop up the rich.
Do you support policies like the Obama stimulus bill? How about the extension of unemployment benefits? Or welfare saying that these people stimulate?
Answer yes to any of these questions and thats exactly what you said, that you support government draining money out of the economy.
I'm done bickering with you fools, I have work to do.
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