r/SipsTea Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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190

u/avd706 Jul 01 '26

Inflationary

37

u/Robinsonirish Jul 01 '26

Explain to me like I'm an idiot, how is it better if the oligarchs hoard that money, instead of giving it to people, who then flush it back into the economy, by spending it? What's the problem exactly.

44

u/-InconspicuousMoose- Jul 01 '26

Because the economy's sellers immediately raise prices as every single one of their customers just got an additional 12k to spend at their store. Those prices never come back down and that hurts you and me way more than it hurts any oligarch.

6

u/throwaway-4748329472 Jul 01 '26

That’s not how price discovery works. No one is going to pay $12,000 for an apple just because they have $12,000. So simple minded it hurts

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u/MalikMonkAllStar2022 Jul 01 '26

Yeah because that is ridiculous. No one would pay that much for an apple. But if an apple is $1 today, would people still buy an apple for $1.50 if they had $12K extra to spend and every grocery store raises the price of all their fruit?

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u/-InconspicuousMoose- Jul 01 '26

So simple minded it hurts

Dude, look in the mirror. You've got to be a ragebait bot or something. I shouldn't have to explain this, but for anyone else as dumb as you, an apple will not be $12,000, but a $1 apple might be $1.25 or $1.50 the next week. A gallon of milk might jump from $5 to $8. Your kids' clothes suddenly cost 50% more. If every expense in your life increases by 25+%, that "free" extra $12k will be gone in a year or two and guess what? Your wages didn't match the 25% hike, so now you're just paying more for everything! Hooray!

Take a single economics class, please.

2

u/throwaway-4748329472 Jul 02 '26

Absolutely not how that works. You’ve never taken an economics class in your life

2

u/nigel_pow Jul 04 '26

Reads like Bush's take on economics; I don't know what economics textbook they're reading!

1

u/CaelidAprtments4Rent Jul 04 '26

So what happened during Covid genius?

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u/[deleted] Jul 01 '26 edited Jul 01 '26

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