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Sovcit is sooooo close.. (lemmy.world)

submitted 2 months ago by BonesOfTheMoon to c/insanepeoplefacebook

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[–] exanime 12 points 2 months ago (1 children)

That only happens if you put all that money into circulation - if you were to, say, just give it away as a handout to the military

How do you give a handout to the "military" without putting that money into circulation?

[–] masquenox -1 points 2 months ago (1 children)

How do you give a handout to the “military” without putting that money into circulation?

That's the beauty of "trickle-down" economics - it doesn't. Give it to the military and the parts of it that doesn't get hoarded by MIC billionaires gets spent on things such as R&D and asset/infrastructure development and maintenance - there's not a lot of that money "trickling" down and circulating amongst the general population.

If you were to spend it on health infrastructure and development, the money will still not be "trickling" down - but the benefits will. A bunch of F-35s means next-to-zero benefits for people - but a functional hospital does.

[–] exanime 3 points 2 months ago

Even so bud, every cent used in R&D is already in circulation

Even the hoarded money, it's not in an evil lair, it's in some bank, in circulation, making money for the hoarder.

It may have a slightly less inflationary effect but this money is as much in circulation as the single going into a strippers thong