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TopicStimulus checks and boosted unemployment are bad for the lower and middle class
pistachio12
07/19/20 3:48:53 AM
#17:


Solid Snake07 posted...
There's nothing to indicate that we aren't protecting the paychecks of workers in industries that will have little to no demand in the near future when Americans wise up and realize they actually need to save money instead of blowing it on going out to eat and taking vacations.

So with this and the later posts, your problem seems to be that Americans don't know how to save and should thus be punished for not knowing how to save.

Let me ask you these then:
1) What evidence do you have that a majority of Americans don't know "how" to save?
2) What evidence do you have that a majority of Americans are intentionally choosing not to save to instead go on vacation or eat out?
3) Is there any evidence at the moment to suggest that if a majority of Americans were better at saving money, there would be no need for any financial stimulus during these past 4+ months?

You also failed to address my earlier statement about how you know this current situation will lead to inflation. What evidence do you have for that?
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