Quote Originally Posted by bean
They gave the relatively well off some more money
A lot of people using the word "handout" to describe a government taking money off you and then giving you some of it back. Hilarious really.

The weakening of the Sterling is only a problem if you rely on imports. How many dollars the pound is worth doesn't matter when I buy British cheese. I'll worry about the pound if it keeps falling but a kneejerk market reaction isn't something I'm concerned about.

who will just save more...
If the rich save more, that means the banks can lend more, which means a stimulated economy. And given inflation is well above interest rates, there's absolutely no incentive to save anyway. Better to spend or invest, which is better for stimulating the economy. But if they choose to save, that's still not bad for the economy. That money doesn't do nothing. It's lent to businesses and people.

Rich people are not bad for the economy. They might be bad for social cohesion, but like mojo freely admits, that's because of envy. People do not react to this emotion in the way they should. Instead of being incentivised and motivated they are disincentivised and demotivated. If people reacted positively to envy then capitalism would be perfect. But it's easier to drag other people down than it is to raise your own standards.