An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
The important question, however - is who is getting the lion's share of all those 'net savings'?
Basically, if you have $100 Million in the bank you're getting millions - straight from the government in a nice fat welfare check. If you have £10,000, you're getting maybe hundreds, thank you very much.
If you have $100in your bank account you're getting a big Fuck All from good ol' Uncle Sam. Now Fuck off and do some work you peice-of-shit pleb!
Great - Net Savings, fantastic.
ReplyDeleteThe important question, however - is who is getting the lion's share of all those 'net savings'?
Basically, if you have $100 Million in the bank you're getting millions - straight from the government in a nice fat welfare check. If you have £10,000, you're getting maybe hundreds, thank you very much.
If you have $100in your bank account you're getting a big Fuck All from good ol' Uncle Sam. Now Fuck off and do some work you peice-of-shit pleb!
Hey Guys, wouldn't this be lower since not all of the public debt is held by the private sector (a good amount is held by Foreign Sector)...???
ReplyDelete