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It's such a terrible idea we really don't have to worry about it -- nobody is taking it seriously. It is just Biden pandering to the economically illiterate.
But do you think that wealth inequality at levels higher than they were in France during the French revolution is actually sustainable? What's your solution? Do nothing and keep sliding towards civil war?
Go back to free markets so that the rich can't use government to take money from the poor.
This is completely correct.
The free market was severely maimed in 1913 when the Federal Reserve was created (huh, a decade before the gilded age in the US) and it was killed in 1971 when the US left the gold standard. Look at every chart and we see a divergence of wealth towards the wealthy at a cost of the poor at these two points in time.
The Federal Reserve is a banking cartel who gets to decide which banks get bailed out and which do not. They are tightly linked to the department of the treasury who "prints" the money. The money is printed by the treasury and then distributed by the Fed. The Fed is Quasi public-privately owned. The largest banks in the US get to decide where the newly printed money goes allowing assets to be purchased, pushing up their prices before it gets to the little guys.
In 1971, the government officially declared that they alone got to decide how much your dollars were worth. This allowed them to expand dramatically, without worrying how to pay it back -- after all, if you can just devalue what you owe, why not keep borrowing.
You made my point for me.
I was agreeing with you. I said you are correct.
Edit: I would say that I made your point better. You simply stated a platitude. I provided the content and context so a random reader could do more research if he/she wished. If we want to persuade low-information people, we have to give them something that piques their interest and something that they can research if they desire.
Got it, I've been a bit frazzled today, I should probably stay off the Internet
No worries, friend. There are a lot of wanna-be Marxists on reddit, so I understand overlooking the agreement.