You pointed out in the other thread that parties can't be racist, only individuals. Same thing with the government and the resources it steals/controls.
The ultra wealthy use the government to get the property of the rest. You know this. The ablility to print people's property away and get it for you and friends is only one mechanism. It is very effective since it's far less obvious than outright confiscation (taxes).
If the printed money is being used to spend on "safety hammocks," how is that helping the rich?
When money is run off a printing press the price of assets goes up. The people with the marjority of the assets get richer on a relative basis. Cheap money also allows greater use of leverage.
To the last part, yes. To the first, it helps asset prices in nominal terms, but not real. It has a REAL affect on debt levels for borrowers. So, yes, if done beyond expectations, cheap money will "punish" savers and "reward" borrowers. However, the fed is NOT doing this beyond expectation. Unemployment is high and inflation is low. Their options are obvious given what they've set market expectations to be when everyone signed their contracts with guesses about future inflation/growth. It would be theft to now generate deflation after setting the opposite expectation of the market.
The money the Fed prints ends up in the government's hands via interest free borrowing. We've gone over all this. How do you think they can run their deficits so cheaply, do think it's because they're such a good credit risk? Why? It's because they print and can print.
That, and the same reason stable countries can borrow during recessions at modest rates. Excess supply of productive capacity.
Further, if they use these deficits to give poor people "safety hammocks," how does that help the rich? They're not using this money to give $1 Billion SS checks to Bill Gates.
It always cracks me up when I hear about how printing more monoploy money is going to help the poor.
There is no monopoly. You just think there is because you're in the U.S. and you feel like you have no options because other parties don't want your bitcoins for payment.
Government is always and forever a tool of the ultra wealthy. It's the mechanisim by which they fleece the rest of the population. When government has at it's disposal the tool of a printing press and the guns to force everyone to accept slips of paper in exchange for items with real value.....it's blazingly obvious how this widens the gap between the wealthy and the poor. The more they print the worse it gets. You can see this in action right here in the US.
So we can either get rid of it (never going to happen), or advocate for government to serve not just the wealthy's interests, but everyone else's, in some ways, and have taxes be higher on the uber-wealthy.
Why wouldn't the latter work to a better benefit than advocating for something that will NEVER happen?
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine