Imagine being conservative

🤔

Imagine thinking that just because someone has more than you that they owe you some of it

@Leo (BillNyeLand) the problem is you think wealth is distributed but it’s earned

if I worked for that extra cake then I deserve it

well again, I wasn't referring to individual ownership of stock

most companies are owned by institutions who take money from the fed

it's this investment that allows these companies to grow

They take investments

yeah of course i mean borrow

the 0% interest rates enourages this lending practice

Cheaper than borrowing from the banks ¯\_(ツ)_/¯

sometimes it can be hurtful

but during the end of obama's tenure I don't think it was

there was good growth and there still is

I’m sure it isn’t always good

But my point is it’s not like the fed is giving them money for free

It’s helps the business grow and employ/expand their workforce

so overall it’s a good investment for the fed because the more employed the more people pay in taxes etc

And plus they get the money back from the companies

well at a 0% interest rate, they are basically giving them money for free lol

hol up doing a raid

@Leo (BillNyeLand) and

What’s wrong with income inequality

@Colonel Sanders™ 0% interest rates and cheap monetary policy

Will always cause a bust

It’s not the bust you should fear but the boom

The bust is good as it corrects the malinvestments in the economy

And by fear the boom I mean if the boom is built on a cheap credit policy , expansionary policy

But @hcaez Obama had very weak growth

Only president not to reach 3% annual growth despite that 800 billion dollar stimulus, QEs and cheap credit

The point is that people with money are usually the ones who benefit from things like rising stocks and QE

Which allows them to make more money solely based on the fact that they already have money to begin with

@Leo (BillNyeLand) how is that a problem

People benefit

That’s good

But it doesn’t trickle down

People without money just end up having to accumulate more debt

Loaned to them by people who have the privilege of wealth, even if they only got there through no hard work of their own

It stifles economic growth, as people in debt are less likely to invest or save money

Trickle down what?