Comments by "Seven Proxies" (@sevenproxies4255) on "Biden's Nonsense Speech" video.

Are they really "printing" money as such though? I wouldn't say that handing out covid relief money to private persons is the same as printing money, so long as they still collect taxes from private persons and companies.
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@somethingsomething8511 Well yes, when you're in a deficit and don't cut back on spending, printing money is the only recourse, that's correct. It's either that or raise taxes to clamp down on the deficit. I was more thinking in the terms of the plan outside of the context of a deficit. If we discount the deficit for a moment, then one could argue that by handing out covid relief which disincentivize people from working, while still keeping the tax pressure up on businesses, you'd either force the businesses out of the country. Or you'd force businesses to pay higher salaries in order to incentivize people to work rather than live off the covid relief money. It does seem that part of the latter has occured since business owners in the U.S are complaining that they can't find employees, and plenty of restaurant and shop windows have "help wanted" signs up. So if it wasn't for the decifit, I'd have to concede that Biden is doing the workers a service by turning the job market into a sellers market for in favor of employees. But the current deficit is an inevitable turd in the cupcake in that regard, making the plan unsustainable.
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@somethingsomething8511 I'm not saying it's a method that can be used perpetually. But if it is used as a temporary measure to achieve a goal like improving wages by effectively making it impossible for businesses to run while paying slave wages, it does seem to have the desired effect right now. Some businesses would pack up and leave to find more favourable tax regulations in other countries. But not all businesses can afford to move their entire operation abroad, so you can essentially blackmail them into increasing wages through temporary measures... And once again, so long as you're not currently in a 2,1 trillion dollar deficit. The thing about money in the U.S is that the most wealthy are creating an artificial shortage of money by hoarding most of the wealth for themselves. Due to previous and current regulations they are able to run off with insane amounts of profits while leahing employees in the dirt. Especially by dodging taxes through tax planning and funneling profits into off shore tax havens. Effectively turning the U.S job market into a buyers market in favor of the employers.
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@somethingsomething8511 You fundamentally do not understand how legislation works. If you wanted, you could put the squeeze on the multinationals only. That said, I seriously doubt you'd drive out the small businesses out of the country, since they are the least likely to be able to afford moving their businesses out of the country. They'll either file for bankruptcy or they'll adapt. Also considering that Jeff Bezos has a personal wealth exceeding 200 billion dollars (as in personal slush money and not "corporate investment" money), claiming that multinational companies only have a bare minimum to work with is a bit strong. You can very much target big businesses if you want to with targeted legislation. Trump did it to the auto manufacturing industry shen they tried to outsource their manufacturing to Mexico.
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