this post was submitted on 17 Dec 2024
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No Stupid Questions

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Like at some point won't all of the profit be squeezed out of society?

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[–] [email protected] 1 points 5 days ago* (last edited 5 days ago) (1 children)

More money moving is better for everyone.

*Gestures broadly at "the economy" Biden kept bragging about

Lots of money is moving, it's not good for the majority of us

[–] [email protected] 0 points 5 days ago (1 children)

I mean real wages have been increasing under Biden so he's not 100% wrong about the whole economy thing, but either way that's not relevant to my point.

Lots of money is moving, it's not good for the majority of us

Because it's moving to the top. The latest round of price gouging inflation is a special case and not representative of inflation at large.

[–] [email protected] 0 points 5 days ago (1 children)

Because it’s moving to the top.

When the fuck hasn't it?

We used to take it back with taxes, now we don't..

Have you learned anything about economics outside of a classroom?

[–] [email protected] 1 points 5 days ago

We used to take it back with taxes, now we don't..

I mean exactly. I'm not sure when in my replies you saw me say anything otherwise; you need strong and well-enforced taxation or the whole thing falls apart. That has no relation to the value of currency, which is a far more fundamental issue in a capitalist system.