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View submission: Casual Questions Thread
No I mean I get it. I knew people cheering on bank failures during the Great Recession, completely unaware of what a full banking failure would *do* to the economy as a whole and them in specific.
They just assumed their bank would be "fine", that their FDIC insurance would kick in instantly so service was never interrupted. They assumed their paychecks would still enter their accounts in a timely fashion (teleported, one would assume, from some vault under their place of work), that ATMs would work, that their jobs wouldn't be at risk as the entire economy seized up like an engine suddenly bare of oil.
"It'll hurt the rich". Absolutely it would have. But it'd have hurt them *much more*. The rich would weather it fine. Cut their wealth in half and they're still rich as fuck. Cut MY wealth by 10% and that fucking *hurts me a lot*.
There's nothing here!