In times like these you can see that some things are just fundamentally wrong with our economic system. On the one hand upper incomes have done extremely well during COVID with stock market and housing going up like crazy. And on the other hand you have a lot of lower income people lose jobs and now also places to live through no fault of their own. 2008 with it a bailouts has already taught me that the upper class will twist the rules to their advantage and COVID repeats the same thing.
Reminds me a little of 2003. The big defense companies had posters in the metro touting their patriotism while taking in record profits, paying 30 million dollar CEO paychecks and receiving big tax cuts. And that while in Iraq low paid soldiers were injured and dying for an ill conceived war.
I guess the old saying to never let a good crisis go to waste is very true.
To be fair, it's not quite as clear cut as that, either. There are people in the upper incomes with a $500,000 mortgage and suddenly no jobs to pay it.
Reminds me a little of 2003. The big defense companies had posters in the metro touting their patriotism while taking in record profits, paying 30 million dollar CEO paychecks and receiving big tax cuts. And that while in Iraq low paid soldiers were injured and dying for an ill conceived war.
I guess the old saying to never let a good crisis go to waste is very true.