you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah, I just mean the taxpayers would pay, otherwise I guess some large institutions would have to fail.

Neither of those needs to happen. The Federal Reserve can simply create more money. Like the trillions they created in 2020 out of thin air to bail out the corporations (which then creates inflation, which diminishes the value of everyone's money). But if instead some of the money went to the people instead of just billionare-owned corporations, then it would be mostly spent anyway toward those same companies when the people buy things, and would incentivize better business-driven behavior by the companies as well. So everyone would benefit.

If large companies can't keep up, and repeatedly go bankrupt, they should fail. To keep bailing them out has created this house of cards that is becoming increasingly fragile, and a huge pool of money that only exists at the top tiers of the economy, separating the upper and lower classes even more than ever before.