Which is why it’s so insane when media/politicians talk about “the economy”.
The rich are squeezing everything they can out of the 99.9%, and are the only ones that can afford to save.
All that money is moving tho. Which is how we measure “the economy”. Which wasn’t a big deal 50 years ago when wealth inequality wasn’t as bad.
But the metrics are essentially useless these days. Either the people bragging about the economy have no idea what’s happening, or they’re just flat out lying.
Yeah, every time you see “the economy” mentioned in a news article, especialy business news, just replace it with “the 1%’s money” and it will make sense.
The rich are squeezing everything they can out of the 99.9%, and are the only ones that can afford to save.
That’s not entirely accurate. The rich use a system to their benefit that was created by politicians and bankers to make bankers richer, and that gives politicians access to unlimited money. Surplus spending and inflation can squeeze everything out of the 99.9% just fine.
Which is why it’s so insane when media/politicians talk about “the economy”.
The rich are squeezing everything they can out of the 99.9%, and are the only ones that can afford to save.
All that money is moving tho. Which is how we measure “the economy”. Which wasn’t a big deal 50 years ago when wealth inequality wasn’t as bad.
But the metrics are essentially useless these days. Either the people bragging about the economy have no idea what’s happening, or they’re just flat out lying.
Yeah, every time you see “the economy” mentioned in a news article, especialy business news, just replace it with “the 1%’s money” and it will make sense.
That’s not entirely accurate. The rich use a system to their benefit that was created by politicians and bankers to make bankers richer, and that gives politicians access to unlimited money. Surplus spending and inflation can squeeze everything out of the 99.9% just fine.