I've been hearing a lot more about inflation concerns and how inflation would benefit those with a lot of debt. Of course, that benefit would depend on whether their earnings would match the rate of inflation, which means it would really only benefit those with flexible revenue streams and not those with fixed yearly incomes, so this really only leaves those who have become incredibly wealthy through debt and large businesses.
Democrats are really trying to spend as much money as they can it seems with more and more trillion dollar plans on top of the yearly budget, so it seems increasingly likely that this plan not only tries to appeal to those easily persuaded by freebies, but is also intentionally destroying the economy in the interest of the wealthy elites, which most likely includes many of the politicians currently in office, so that they can pay off the exorbitant amounts of debt that they have used to get that wealth.
It's just astounding how reckless the silent generation/boomers have been in destroying everything their predecessors built. They will never own up to their mistakes and instead would rather take the whole system down to stay afloat for 5 minutes longer than the rest of us.
Hedge funds and the investment banks own this country. (Which is hilarious when the MSM talking heads shit talk Russia, saying that it’s run by oligarchs.)
They figured out back in the 90s after the Soviet Union collapsed that they can make a tremendous amount of money for themselves by sending jobs, technology and wealth to China. It doesn’t matter a damn to them that it makes the U.S. poorer overall or that it’s unsustainable. They will become rich and that’s all that matters to them.
They also own the Democratic Party (at least all the leadership, which is the neoliberal wing of the party). So the Dems do whatever fiscal/monetary/trade policy that the bankers want. As OP alludes to, the bankers obviously think that they won’t be losers in this cash printing bonanza.