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191 points impish9208 | 6 comments | | HN request time: 1.158s | source | bottom
1. dfxm12 ◴[] No.45104504[source]
We've had a decades long assault on the idea that hard work leads to economic gains for normal Americans. This poll goes back to the mid 80s. Since then, working class Americans have gotten less and less support from the government while the billionaires have gotten more and more.

It's not surprising that COVID made this realization come to a head. The American Rescue Plan showed that the US is plenty capable of giving Americans what they need to thrive, but simply won't unless there's maybe a worldwide catastrophe...

replies(2): >>45104585 #>>45104589 #
2. Izikiel43 ◴[] No.45104585[source]
Didn’t all the Covid money printing lead to decades high inflation? Which screwed hard working Americans as well?
replies(1): >>45104638 #
3. umvi ◴[] No.45104589[source]
> plenty capable of giving Americans what they need to thrive

You mean by going increasingly deeply into debt?

4. potsandpans ◴[] No.45104638[source]
No
replies(1): >>45105468 #
5. Izikiel43 ◴[] No.45105468{3}[source]
Care to elaborate? The fed during both trump and Biden governments printed a ton of money for covid relief and stimulus, which caused inflation in bidens government.
replies(1): >>45106030 #
6. dfxm12 ◴[] No.45106030{4}[source]
You made the initial unsubstantiated claim. Please explore all the causes of inflation during the global pandemic: supply chain issues, (yes) stimulus spending, housing shortages, greedflation, the Russia invasion of Ukraine, etc.

Why does the ARP stick out to you as being what led this inflation, or even a net negative? Please consider the positive impacts and don't forget that the US recovered from COVID faster than other advanced economies. For however inflation screwed the working American, the ARP directly enabled these folks to pay bills, and buy things they wouldn't otherwise have been able to, screening them even more. Economists say the stimulus directly prevented deflation, which hit some other economies hard, like Japan.

Giving working people the ability to raise families, buy homes and go to school to get a good job is what supports the American dream and is what will make America thrive. Increasingly, these things are out of reach, but the ARP reminded people that enabling the American dream is a policy choice. If you think government giving support to Americans is an issue, first look at cutting support targeted toward the capital owning class.