Quote:
Originally Posted by CliffFletcher
Regardless of how it makes you feel, it’s absolutely true. Most people with secure white-collar jobs are doing better financially from all of this. Savings rates have shot up. Home renos are booming. It might be unseemly to openly talk about, but it’s a reality that those in charge of our public finances have to recognize.
When we’ve moved on from the pandemic as health crisis to the pandemic as economic and financial crisis, the extremely uneven distribution of who took the hit from all this has the makings of a political firestorm. Sending billions of government dollars to people who will use it to put in marble countertops and pad out their pension plans won’t be a good look.
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Do you think the people who need the money most right now give a crap about what the people who don't need it will spend it on?