this post was submitted on 06 Jul 2025
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Do you know how many industries would collapse if everyone had bare minimum living standards!
/s, just in case.
Would they though? I think if anything most industries and economies would be booming, more disposable income results in more people buying stuff. This results in more profitable businesses and thus more taxes are collected. More taxes being available to the government means better public services.
Even the banks would benefit, loans would be more stable since the delinquency rate would be much lower if everyone had better pay.
The only people who would lose out would be the idiot day traders who rely on uncertainty and quite a lot of luck in order to make any money. In a more stable global economy businesses would be guaranteed to make money and so there would be no cheap deals that could be made.
You forgot the /s
I am talking about the markets that rely on the suffering of people to make massive amounts of money. Monied interests have proven time and time again what our government stands for.