this post was submitted on 05 Jun 2024
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Why piggy bank it when there are things right now that could, and would, use the money?
Crumbling road infrastructure, social programs, implementation of better public transit, EV rebates, homelessness programs, library attorney's fees, replacing lead pipes for water delivery systems, forest fire management, employment insurance, boosting food and cash aid for the needy, etc.
Because we currently have money for those things and just aren't spending it on them.
Building up an actual lean time fund for actual lean times instead of engineered poverty that can and should be addressed with what's already there is just good policy, growth is not infinite, and having an emergency fund available to make up differences can significantly smooth over bust times for the working class.