Laeserin on Nostr: Whenever the poor get unruly, the rich get out their smelling salts and moan about ...
Whenever the poor get unruly, the rich get out their smelling salts and moan about socialism.
The rich were not upset, while they were on the receiving end of the government largess, because they thought that was the natural order. They didn't even notice it was happening, while it was happening, because it was called "pensions" and "retirements", "health insurance", "subsidies", "low interest rates", "academic jobs", "colleges" and "universities", "feminism", "housing development", "academic scholarships", "research and development grants", "benefits", "open-source software", "government services", "stimmies", "tax credits", "security" and "defense", etc. These were all things, that were financed -- in whole, or in part -- by government spending or targeted tax advantages. Which are financed, in turn, by monetary debasement covered by debt accumulation. The same debasement that has been steadily eating away at the purchasing power of the labourers, while inflating the price of assets the wealthy hold, moving them further out of reach for everyone else.
The monetary chickens have come home to roost.
The rich were not upset, while they were on the receiving end of the government largess, because they thought that was the natural order. They didn't even notice it was happening, while it was happening, because it was called "pensions" and "retirements", "health insurance", "subsidies", "low interest rates", "academic jobs", "colleges" and "universities", "feminism", "housing development", "academic scholarships", "research and development grants", "benefits", "open-source software", "government services", "stimmies", "tax credits", "security" and "defense", etc. These were all things, that were financed -- in whole, or in part -- by government spending or targeted tax advantages. Which are financed, in turn, by monetary debasement covered by debt accumulation. The same debasement that has been steadily eating away at the purchasing power of the labourers, while inflating the price of assets the wealthy hold, moving them further out of reach for everyone else.
The monetary chickens have come home to roost.