That's because it seems that the multiple trillions they printed in the last few years went straight into the stock market. Printing money creates no value. Even they know that. The are clearly using it for some other purpose. Perhaps to make sure the eventual collapse of their financial system is not a soft landing but a jet going full speed into the ground.
GDP also goes up when you have natural disasters because people have to rebuild everything. However, everyone gets poorer in those scenarios. That's why GDP is a very poor measure of the true wealth of a society. Governments like it because it tells them how many taxes they can collect.
That's because it seems that the multiple trillions they printed in the last few years went straight into the stock market. Printing money creates no value. Even they know that. The are clearly using it for some other purpose. Perhaps to make sure the eventual collapse of their financial system is not a soft landing but a jet going full speed into the ground.
Hey they gotta each pay tax on that $20,000 income
This is BRILLIANT
GDP also goes up when you have natural disasters because people have to rebuild everything. However, everyone gets poorer in those scenarios. That's why GDP is a very poor measure of the true wealth of a society. Governments like it because it tells them how many taxes they can collect.