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.
That's the key part I see highly unlikely to happen. Speaking just for myself if my earnings increases were to match inflation, I'd say go for it. Because I have owned property that I can also just collect more on then, yet won't cost me much more (excl. taxes and such).
What I see it more of though, is intentionally destroying the economy in the name of power. It's not even money at that point. How many oligarchs really care about money itself? It's not numbers anymore, it's the fact that they control everything and can have anything they want wanton disregard for how they get it. As they bleed the economy dry, they will drag the middle class in particular way down. Now you've got a huge group of dependent people that will do whatever you say because they have to for survival. The only other way would be to rise up and overthrow the oligarchs. History has shown that will happen, but it's a very slow process.