The investor cited the Women’s March on Versailles in October 1789 during the French Revolution that began in the market over the high price and shortage of bread that culminated in women besieging the palace.
“[They] did it in the pouring rain, and many of them, I suspect, didn’t even have any shoes. So why did it come to that? Well, the money printing and the giving away, ended up making the middle class poor, and the prior poor class starving to death. And at the other end, the people who were controlling the levers of the money printing became more wealthy,” Gundlach said.
— Read on finance.yahoo.com/news/gundlach-on-deficit-spending-stimulus-and-taxes-132214006.html
‘My guess is that they’re, they’re ready to roll out another one because that’s just been the pattern,’ Gundlach tells Yahoo Finance.
Pittsburgh Mayor Bill Peduto announced that his city is now participating in a program launched by Twitter CEO Jack Dorsey, in which eligible residents will receive $500 in monthly “guaranteed income.”
— Read on www.foxbusiness.com/money/pittsburgh-guaranteed-income-program-jack-dorsey
In his letter, Pope Francis also noted that some of the lowest-wage workers “have been excluded from the benefits of globalization” and often slip through the cracks of existing labor protections, writing that “street vendors, recyclers, carnies, small farmers, construction workers, dressmakers, the different kinds of caregivers…you have no steady income to get you through this hard time…and the lockdowns are becoming unbearable.”
— Read on www.businessinsider.com/pope-francis-it-might-be-time-to-consider-universal-basic-wage-2020-4