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Onlineqman
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Re: Rent, home ownership and the future of social classes [Re: Falcon91Wolvrn03]
    #26390485 - 12/19/19 10:58 AM (7 months, 11 days ago)

Quote:

Falcon91Wolvrn03 said:
It goes up and down.  Better for the Fed to have assets on their balance sheet than to be in a 2nd Great Depression  :shrug:




That's great and everything, but that tactic has only increased the wealth and income inequality. The rationalization to bailout the very rich is in the best interest of the bottom 99% is getting old. The top 1% shouldn't hold the bottom 99% hostage with asset prices, but that's exactly what you're endorsing. The bottom 99% shouldn't be intimated by their scare tactics.

Shouldn't the Fed buy some debt off the peasants and give them some form of bailout to stimulate the real economy and reverse the inequality?


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OfflineFalcon91Wolvrn03
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Re: Rent, home ownership and the future of social classes [Re: qman]
    #26390497 - 12/19/19 11:06 AM (7 months, 11 days ago)

Quote:

qman said:
That's great and everything, but that tactic has only increased the wealth and income inequality. The rationalization to bailout the very rich is in the best interest of the bottom 99% is getting old. The top 1% shouldn't hold the bottom 99% hostage with asset prices, but that's exactly what you're endorsing. The bottom 99% shouldn't be intimated by their scare tactics.

Shouldn't the Fed buy some debt off the peasants and give them some form of bailout to stimulate the real economy and reverse the inequality?



Absolutely.  :thumbup:

I'll say again, the Government should have helped Main St, not Wall St.  That's a problem with our Government, not the Fed.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  People here get very confused by that and think it means I prefer the other side.


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