Cutting government spending is said to hurt the poor, an idea with the implicit premise that the government somehow creates wealth for the poor. However, if the currency is inflated to fund the government, the poor are the biggest victims of inflation. From SchiffGold at schiffgold.com:
Whenever someone puts forward an idea for shrinking the federal budget, one of the first objections is that it will harm the poorest citizens most. Welfare spending, and other means of support are a massive part of the government budget, yet it doesn’t take a lot of insight to see that the government gives even more love to the large corporations that need it least. A reduction in government spending, if done right, will have an outsized effect on the unjust, corrupt handouts, and maintain reasonable support for those in great poverty.
The arguments for increasing government spending often weaponize the large amount of welfare spending to act as though any who oppose an increase in spending are uncaring, and hate the poor. Government spending as the only solution to poverty is a recurring theme that puts a roadblock in the way of anyone who wants to reform the extravagant system we currently have in place. While government welfare programs are an internationally recognized failure, we keep holding on to the belief that more spending would solve the problem. We idolize the small benefit conferred on the poor by government spending as a way of giving carte blanche to the state and shaming anyone who would oppose excess. This completely ignores the fact that high levels of government spending, all else held constant, uniquely harm the poor much more strongly than the benefits conferred through welfare as a fraction of that spending.
Inflation disproportionately damages the poorest among us. This effect has been observed for centuries, previously described as the Cantillon effect. The fact that the poorest Americans are disproportionately non-white means that if racial inequalities are ever to be dealt with properly, inflation’s effects must be understood and mitigated. While the effect of inflation on the job market can be neutral or positive, the decrease in purchasing power uniquely harms those in the bottom 10% of earnings. Those who are wealthy enough to have significant income in stocks can always reap some of the benefits of the short term inflationary boom, but those who are living paycheck to paycheck will see none of this economic growth. The rich possess many mechanisms to guard against inflation, so it is easy for them to advocate for high government spending. Additionally, their geographic flexibility allows them to hedge against the devaluation of any one currency. The elites deciding policy points for both parties rarely have to face the realities that their high spending brings.
The Dead Kennedys have the classic Kill The Poor from the 1980 magnum opus Fresh Fruit For Rotting Vegetables.
That’s what all the WAR, sick care, Frankenfood, shekel chase until returning to dust, are for.
As for government EBT sugartits, those are taken away when most needed.
And be careful about what you say online, no bank account setup and EBT goes bye bye as well.
The banksters get their cut or else.
Breaking from The Dead Kennedys:
Kill The Poor
{Efficiency And Progress Are Ours Once More}