Saturday, March 28, 2020

Where Government Dollars Go

In 2007 the national debt was $9 trillion, today it’s $23 trillion. Where did all of that money go? To the top 10% of course. As time goes on they get richer and richer.

These investors/gamblers took a chance, they were wrong, but will still win. This could be a great time for people who have been shut out of the investment world to be able to buy into companies they believe in. But the wealthy aren’t fans of that idea at all. So the wealthy get their friends in government to borrow money on all of our behalf’s, cut small checks for the masses and practically blank checks for the wealthy and try to get things back to how they were as fast as possible. Instead of letting stock prices drop and allow more people access to investing, the wealthy are capitalizing on the opportunity to take even more for themselves at the expense of everyone else.

Part of the solution is to get every senator and house representative that voted yes to the bailout out of office. They’ve shown us who their allegiance is to.