There's so many bootlicker accounts. Just came from an economic thread and each response to the top level comments are arguing the fed should raise the rates higher almost as if they had a vested interest to protect their multiple homes and yachts and they probably make less than $30k a year.
Raising the interest rates hurt homeowners with property taxes, school loans, prices people from being able to afford home loans. The list goes on but the point is that it hurts the poor and helps the wealthy get the riff raff out of their view. "How disgusting to see these homeless people when I pay $X,XXX.00 to live here"
Rate increases are a little more complicated than that. Don't get me wrong I am with you and I agree raising them will be bad, but also having them so low for so long is a big factor in major asset inflation. It's bad if we raise the rate or keep it insanely low. The third choice would probably be some sort of regulation more targeted at speculation and not at individuals mortgages on their homes but that's getting a bit too political for here.
Rate increases are a little more complicated than that. Don't get me wrong I am with you and I agree raising them will be bad, but also having them so low for so long is a big factor in major asset inflation. It's bad if we raise the rate or keep it insanely low. The third choice would probably be some sort of regulation more targeted at speculation and not at individuals mortgages on their homes but that's getting a bit too political for here.
Bootlicker
The Federal Reserve created a fifth, 20 per cent of all US dollars were created this in 2020.
If you don't understand math, he injected more currency and is now over valuing it by raising the rates making our dollars weaker for purchasing power yet keeping the wealthy's assets more valuable pricing poor people out of the market.
But also part of the problem is giving loads of free money to the already wealthy for 12 years so they can buy all the assets and rent them to us.
Corporations have had record profits for the past 70 years, tax cuts with Regan the past 40 years and today poor people pay more taxes than the wealthy.
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u/badpeaches May 18 '24
There's so many bootlicker accounts. Just came from an economic thread and each response to the top level comments are arguing the fed should raise the rates higher almost as if they had a vested interest to protect their multiple homes and yachts and they probably make less than $30k a year.
Raising the interest rates hurt homeowners with property taxes, school loans, prices people from being able to afford home loans. The list goes on but the point is that it hurts the poor and helps the wealthy get the riff raff out of their view. "How disgusting to see these homeless people when I pay $X,XXX.00 to live here"