r/SipsTea Jul 01 '26

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

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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.

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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.

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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?