I Don't Understand Why Printing Money = Inflation

  • #26
643
27
In FY 2012 alone, almost $800 billion was spent on about 100 separate programs sponsored by different departments and agencies of the federal government to fight poverty:

http://budget.house.gov/waronpoverty/

The total federal budget for that year was a little over $3.5 trillion:

https://en.wikipedia.org/wiki/2012_United_States_federal_budget

Since 1965, the total amount spent has been estimated at anywhere from $15 trillion to $22 trillion. By any measure, that's a lot of money.

By way of contrast, the 400 richest Americans on the Forbes 400 list have a combined net worth of $2.34 trillion:

http://www.forbes.com/sites/luisakr...-facts-and-figures-about-americas-wealthiest/

Either the richest Americans are doing a remarkably poor job of looting the poor, or other factors are at play here.
Lumping the 800 billion along with the budget for the year 3.5 trillion and the estimated amount spent between 15 trillion to 22 trillion and then separating these amounts from the Forbes rich list is about as clear as mud,The total amount spent was spent by rich people now if they were on the Forbes rich list or not is by the by and irelevent.
What is relevent is that as usual the rich do a remarkably good job at looting the poor by giving with one hand a taking more with the other and convinceing people like yourself and others that they do nothing of the sorts and demonise the poor in mean time by spreading rumours that throwing money at them is not the solution."They don't know what to do with it".
 
  • #27
Evo
Mentor
23,165
2,871
Closed for moderation.
 

Related Threads on I Don't Understand Why Printing Money = Inflation

  • Last Post
Replies
5
Views
2K
  • Last Post
Replies
10
Views
3K
  • Last Post
2
Replies
25
Views
2K
Replies
5
Views
5K
Replies
3
Views
1K
  • Last Post
Replies
1
Views
2K
Replies
28
Views
3K
  • Last Post
4
Replies
99
Views
8K
  • Last Post
2
Replies
29
Views
3K
  • Last Post
2
Replies
45
Views
14K
Top