Playground for billionaires? Working families barely hanging on by their fingernails?
The stock market is the source of wealth and financial security for every American with a pension, 401k, IRA or other retirement savings. Stocks and bonds provide income in the form of dividends and interest to millions of “working”, and retired families.
Who is buying all the pickup trucks that are being sold and keeping non-necessity businesses running?
Exactly what is a working family? Is it poor, middle income, lower income? By not defining and using generalizations politicians are able to propagandize and leave it to the imagination of the listener.
Many working families, say craft or industrial workers are doing quite well…if they have not lost a job or had earnings cut. Take millions of government workers, they are doing fine even getting a raise.
And that’s the point. Focus on those in need, give assistance to those who require it. Rather politicians thrive on broad generalizations and spreading the (somebody else’s) wealth. Another $1,400 without regard to need. $2,000 a month for every American for the duration of the pandemic and beyond.
And no, it’s not stimulating anything. It’s either being spent on already committed obligations, paying existing debt or saved.
Once they get on a theme it goes on and on.