“In this case, checks from the government fueled more inflation than they did wealth building,” he said.
Fuck off. I hate these people, all of them should be thrown into a woodchipper. Monetarist nonsense.
What an annoying fucking article. Really shows the bourgeois disdain for the poor, that even the thought of a tiny crumb of basic income is shut down with the excuse of "inflation".
My parents lost all their savings due to hyperinflation. I can't imagine how crushing this could be to a parent. All your life you have saved some money, putting them every month to a savings account in a bank, just to wake up one day and realise that they have disappeared.
Back then I didn't realise how bad it is, but now as an adult, I can only imagine how they felt back then. Life sucks and fucks you up a lot.
1
LemoineFairclough @sh.itjust.works - 1.0yr
I'm not sure why a parent would want to contribute to an account that isn't a UGMA/UTMA custodial account or 529 savings plan. I'd be interested in how to "receive federal contributions" though.
Blaze in personalfinance
Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help
https://www.cnbc.com/2024/05/21/lawmakers-debate-if-child-savings-accounts-may-reduce-wealth-inequality.htmlFuck off. I hate these people, all of them should be thrown into a woodchipper. Monetarist nonsense.
What an annoying fucking article. Really shows the bourgeois disdain for the poor, that even the thought of a tiny crumb of basic income is shut down with the excuse of "inflation".
https://hexbear.net/pictrs/image/51ec5471-2e83-41c7-8d86-48618d45c836.png
My parents lost all their savings due to hyperinflation. I can't imagine how crushing this could be to a parent. All your life you have saved some money, putting them every month to a savings account in a bank, just to wake up one day and realise that they have disappeared.
Back then I didn't realise how bad it is, but now as an adult, I can only imagine how they felt back then. Life sucks and fucks you up a lot.
I'm not sure why a parent would want to contribute to an account that isn't a UGMA/UTMA custodial account or 529 savings plan. I'd be interested in how to "receive federal contributions" though.