Comments by "Jim Luebke" (@jimluebke3869) on "Krystal and Saagar: NEW Data Shows Millionaires, Billionaires Own 79% Of America’s Wealth" video.

It's modern monetary theory, aka government giveaway programs, that are devaluing the dollar and inflating the price of solid assets. If we had a balanced federal budget and didn't give away money to people doing nothing, asset prices wouldn't be skyrocketing, and the rich wouldn't be pulling away from workers in terms of wealth.
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@bgoodfella7413 Trust me, I've got plenty of anger towards the Leftist cultural system that shattered my life and long-term economic prospects a few years ago, but that's not part of this discussion. I have no problem critiquing giveaways to big corporations. That's part of "government giveaway programs" and Modern Monetary Theory. THAT's how the rich get richer, not fiddling with the tax code.
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Nah, they can "hog all the money" because government giveaway programs (aka "modern monetary theory") causes massive inflation, and that inflation is being captured in asset prices. You like government handing out money? You're making the asset-owning class richer.
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@ClownCarCoup There is "very little inflation" if you don't count stock or real estate prices. Which is a pretty big oversight. In fact, that oversight explains what we're talking about here.
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KC JONES Sometimes I wonder whether teaching "The Gallic Wars" to every student was why the British ended up with an Empire.
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KC JONES You know that the English fought a Civil War to get the Catholics (and even Catholic influence) out of the country, right? The primary qualification of William of Orange is that he was Protestant. It was similarly one of the requirements for the (very German) House of Hannover.
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Yeah, um, if you just keep pumping money into the economy via stimulus, direct payments, or other inflationary measures, anyone who owns actual equities, real estate, or other solid assets are going to see the price tags on those items shoot through the roof. Printing money makes anyone who actually owns anything richer. That's basic economics.
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