this post was submitted on 05 Nov 2023
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Leftism

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[–] Phrodo_00@lemmy.world -5 points 1 year ago (4 children)

South American experiments with printing money make the studies hard to believe. You can't simply give people money without causing a devaluation in said money. You have to take it away from the market somehow (so, tax the shit out of the rich)

[–] unfreeradical@lemmy.world 11 points 1 year ago* (last edited 1 year ago) (3 children)

You can't simply give people money without causing a devaluation in said money.

The government surely can.

The government has the power to levy taxes.

The government has comprehensive powers for regulating the value of currency, through control over the money supply.

At any rate, the government printing money for workers cannot possibility be worse for workers than the government printing money for businesses, as it is doing now.

I suppose, though, you might take comfort in how inflation now is being so effectively prevented, instead of causing needless human suffering.

[–] abraxas@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago) (2 children)

Ok, this time I am following you. Because I feel really strongly like there's a lot more we'd agree on than disagree.

In this case, I agree 100% with everything you said.

And I think one common factor in both of our goals is that we shouldn't be afraid of the government stepping in and preventing capitalism from grinding our poor into dust. We should be fighting for a government that cares more about the well being of its people than the Nasdaq.

[–] kittenspronkles@lemmy.ml 3 points 1 year ago (1 children)

Can't agree with this enough. It drives me crazy when people think the Government should be run like a business. It's one of the dumbest things I've ever heard, and really shows that people don't use their critical thinking skills.

[–] abraxas@sh.itjust.works 2 points 1 year ago

Businesses shouldn't even be run like businesses. Employees should never have to be just numbers on an xls file.