this post was submitted on 10 Nov 2023
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[–] [email protected] 9 points 10 months ago (1 children)

War sucks ass, but it sure as hell does make a lot of money, and meanwhile people are too busy being riled up to really focus on that aspect.

[–] conno02 3 points 10 months ago (2 children)

yeah-- that's why we put so much money into israel. it stims the shit out of our economy

[–] [email protected] 11 points 10 months ago (1 children)

It doesn't really stimulate economy, it just pays the people who own arms businesses.

Stimulating the economy involves giving money to people who have less, such that they can spend more. People who have an excess of money don't spend more, they just get better at hiding it away.

[–] conno02 4 points 10 months ago

you sound more knowledgeable than me on this so im just gonna have faith that you're right

[–] dx1 6 points 10 months ago* (last edited 10 months ago)

The majority of that money (FMF) comes from our taxes, goes to Israel, Israel is bound to spend it on arms from American arms companies, the owners (stockholders) of those companies get the profits, cycle some of it back to politicians and lobbyists, etc. So it's a net gain for the beneficiaries, but a net loss for the rest of the population. It also makes our infrastructure more targeted towards arms production and less for our own needs. There isn't an additional inflow of money, so that essentially means a net loss.

That's essentially the broken window fallacy on one hand, and actual redistribution of wealth upwards on the other hand.