Seriously, we have multiple economists saying the only way out of this fine mess (and to save the world) is to massively redistribute the wealth at the top to the rest of the population.
I’m an economist (I have a degree and everything. It’s in underwater basket weaving but it’s still a degree) and I say this. My cool brother has a degree in linguistics and yells at people that he has a degree in economics and says the same thing too
To be fair, when I took Economics 101: Macroeconomics in 1985, there was a big point about how important it was to maintain a fairly even wealth distribution, with a discussion of how it is a very bad thing™ for all the wealth to consolidate at the top. (In the meantime, Reagan was gutting all the policies that were used to keep wealth distributed and preserve a strong middle class.) So this is something that anyone who took a basic college course should know.
In time, I got confused that presidents and legislators kept pushing supply side (trickle-down) economics and kept passing laws that allowed the upper class to keep more of their money, while leaving the lower and middle classes to languish, when I was certain these officials were educated (or had experts who were) and should know better. Then I worked out that they are just captured and corrupt AF.
Money (power) corrupts and people with lots of money rarely want to part with it. Also, money protects money, so the rich often deal in the shadows to protect themselves from us.
Seriously, we have multiple economists saying the only way out of this fine mess (and to save the world) is to massively redistribute the wealth at the top to the rest of the population.
Yeah, as someone studying economics, I agree
Having a small group of people hoarding the money is bad actually
I’m an economist (I have a degree and everything. It’s in underwater basket weaving but it’s still a degree) and I say this. My cool brother has a degree in linguistics and yells at people that he has a degree in economics and says the same thing too
To be fair, when I took Economics 101: Macroeconomics in 1985, there was a big point about how important it was to maintain a fairly even wealth distribution, with a discussion of how it is a very bad thing™ for all the wealth to consolidate at the top. (In the meantime, Reagan was gutting all the policies that were used to keep wealth distributed and preserve a strong middle class.) So this is something that anyone who took a basic college course should know.
In time, I got confused that presidents and legislators kept pushing supply side (trickle-down) economics and kept passing laws that allowed the upper class to keep more of their money, while leaving the lower and middle classes to languish, when I was certain these officials were educated (or had experts who were) and should know better. Then I worked out that they are just captured and corrupt AF.
Piñata Economics 101:
Based pinãta economics pilled
This and anti-cyclical spending avoiding depressions are the only two real¹ predictions from the guy that basically invented macroeconomics.
No politician cares about either of them.
1 - Meaning about things people actually need, not money.
which dude who invented marco? because we have like three real schools of marco and then the austrians sitting around with they thumbs up they butts
because they scared of numbers
Keynes did it.
Not exactly in a cave… But in a military prison cell in China.
We need another FDR and A new deal 2.0 at this point
Money (power) corrupts and people with lots of money rarely want to part with it. Also, money protects money, so the rich often deal in the shadows to protect themselves from us.
Yeah, as someone studying economics, I agree
Having a small group of people hoarding the money is bad actually