Teresa Writer
Feb 21, 2021

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Actually, I disagree with you on that, Jack. COVID certainly exposed our financial woes and pushed many who were teetering on the edge into the abyss, but at the end of 2019, pre -pandemic, we already had the highest federal, personal, and corporate debt of all times. The gap between the very rich and the dwindling middle class and poor was the highest it has ever been, too. We've had a fake economy for over thirty years. It relies on debt. The debt the common citizen carries makes someone else rich however. When Corproation's debt, however, becomes a problem, they get bailed out. Then, they turn around and take their tax breaks to buy back their own stocks. Nobody is investing in the country or interested in helping the middle class to grow.

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Teresa Writer
Teresa Writer

Written by Teresa Writer

Teresa is an author, world traveler, and professional myth buster. She’s also a top writer on climate change and the future.

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