Debt and Being Unemployed

 COVID payments to Americans kept us alive during the two years that COVID filtered through all our neighborhoods.  The government essentially paid us not to work...

Not working caused production to decrease and as a result of those decreases, prices for goods and services increased.

With all the stimulus money the government was pumping into the economy, and the low production rates, inflation was fueled beyond everyone's imagination and expectations.

COVID is over, at least for right now, but inflation persists along with low wages for those who have decided to go back to work.

Here's the problem...

AMERICANS do not want to give up anything because they have fallen on hard times....  THEREFORE, they use their credit cards to continue buying.

Credit card debt is the highest its been in 20 years and is getting worse.

If you are now working and have a lot of credit card debt, please explain to me what you are going to do when humanoid robots replace you at your job?

Yes, you will get unemployment insurance but for how long?  Will you use that unemployment insurance to pay your bills or pay off your debt?

It is difficult to believe that robots will replace all jobs and perhaps they will only replace 80%... or maybe they only replace 50%...  What will you do if you are in the 80% or the 50%?

File bankruptcy...  great idea...  do you have any idea what will happen to the economy if 50% of all workers file bankruptcy?

I doubt that you have any idea at all since you did not take business classes in high school or college.

IT WILL NOT BE PRETTY...

Do a GOOGLE search on the possibility and see what you can find on the internet.

DO YOU THINK THE GOVERNMENT IS GOING TO TAKE CARE OF EVERYONE?  

WHERE ARE THEY GOING TO GET THE MONEY?

FROM BILLIONAIRES WHO HIDE THEIR MONEY IN TAX FREE ACCOUNTS?

TAX THE UNEMPLOYED?

WITH HUMANOID ROBOTS YOU CAN KISS SOCIALISM GOODBYE...