In a drop that some economists are calling 'worrisome,' Canada’s labour market shed 84,000 jobs in February, one of the sharpest monthly declines seen outside the COVID-19 pandemic.
Well I’d just ask does the aggregation of nominal wealth affect you in any way. If Bill Gates has 800b dollars does that hurt you, is that money being taken from somebody else, even when the money supply grows at 8% because Bill Gates and other rich people dont spend any of it so inflation doesnt rise?
Yes? Redistribution, creating more jobs, social programs, positive effect on mental health. Inflation on what? Lets say meat becomes super expensive. Shop wont be able to extract all this wealth if progressive taxes eats it up then again distribute that and create med facilities, spend that on rnd, education. List goes on.
How do you think that would effect the economy. Assuming you liquidated Elon Musks Tesla stock it clearly will devalue Tesla stock as more stocks are sold off to fund consumption, which will deflate risky growth stocks far faster than consumer staple. Why would anyone then invest in AI, or Tesla, or anything risky that generates additional profit?
Well I’d just ask does the aggregation of nominal wealth affect you in any way. If Bill Gates has 800b dollars does that hurt you, is that money being taken from somebody else, even when the money supply grows at 8% because Bill Gates and other rich people dont spend any of it so inflation doesnt rise?
Yes? Redistribution, creating more jobs, social programs, positive effect on mental health. Inflation on what? Lets say meat becomes super expensive. Shop wont be able to extract all this wealth if progressive taxes eats it up then again distribute that and create med facilities, spend that on rnd, education. List goes on.
How do you think that would effect the economy. Assuming you liquidated Elon Musks Tesla stock it clearly will devalue Tesla stock as more stocks are sold off to fund consumption, which will deflate risky growth stocks far faster than consumer staple. Why would anyone then invest in AI, or Tesla, or anything risky that generates additional profit?