Ned Yeung on Nostr: Give a million average people $600 and they will spend it all in the economy. If a ...

Give a million average people $600 and they will spend it all in the economy. If a million people give $600 to a billionaire, he has another $600 million to sit on.

This is why we have inflation. When we create wealth it eventually gets hoarded instead of recirculated, devaluing our currency.

If we tax excess wealth and support workers by legislating better wages, and bust monopolies instead of unions, that would fight inflation. Return the money to the people.

#Union #inflation #billionaires