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re: Tomorrow will be lovely
Posted on 4/6/25 at 6:46 pm to Bunk Moreland
Posted on 4/6/25 at 6:46 pm to Bunk Moreland
quote:
I present to you that fountain of wisdom FLTech:
quote:
Yes. I voted for someone to rip the fricking band-aid off and rebuild the economy from the ground up. Sick of rich people keep getting richer and normal hard working Americans getting fricked in the arse these past decades
And he calls others RINOs
0
Posted on 4/6/25 at 6:47 pm to shoelessjoe
quote:
Or we could have let the idiot that showered with his daughter
This sounds like Trump, the same guy that said he would date his daughter lmao.
This post was edited on 4/6/25 at 6:48 pm
Posted on 4/6/25 at 6:48 pm to Diego Ricardo
quote:
This is the fun part of history with things like international socialism (left) v. national socialism (right). It’s the same thing in some ways, not in others and they’re fairly important.
Right. Economic populism mimics socialism in many ways. Both are collective movements that seeks to overthrow the elites and reform the power structure.
Tucker Carleson praised Liz warren last year. Steve Bannon is calling for higher taxes and corporate taxes, Trump is thinking about raising taxes on the rich, and they embrace union protections like tariffs. I think the two are about to meet in the middle.
Posted on 4/6/25 at 6:48 pm to RogerTheShrubber
That was assembly line jobs pre-rust belt were damn good.
Posted on 4/6/25 at 6:49 pm to BigPerm30
quote:
This is what I voted for. frick globalism and printing trillions of dollars to sprinkle it amongst the global elite.
Posted on 4/6/25 at 6:49 pm to OTIS2
quote:
That was assembly line jobs pre-rust belt were damn good.
They absolutely were, but they were also more skilled workers than current assembly line work, which has no real barrier to entry.
This post was edited on 4/6/25 at 6:58 pm
Posted on 4/6/25 at 6:50 pm to SneezyBeltranIsHere
Posted on 4/6/25 at 6:50 pm to Bonkers119
quote:
Or we could have let the idiot that showered with his daughte This sounds like Trump, the same guy that said he would date his daughter lmao.
Yes this has a lot to do with the economy. One actually being a pedo and another stating his daughter is smoking hot. Which do you trust with the economy? A billionaire or a career politician should be the question.
Posted on 4/6/25 at 6:55 pm to jlnoles79
GrokAI (X) is amazing. I highly suggest using it
The idea here isn’t that crashing the market directly hands money from the rich to the poor in a literal sense, but rather that it disrupts the current wealth distribution in a way that can indirectly benefit the less wealthy over time. Let me break it down.
The post mentions that 94% of the stock market is owned by just 8% of the US population—basically, the wealthiest Americans. When the market crashes (like the 20% drop mentioned), that hits the portfolios of the ultra-rich the hardest because they have the most invested in stocks. For example, if someone’s net worth is tied up in billions of dollars of stock, a 20% crash could wipe out hundreds of millions for them. Meanwhile, the average person, who might not even own stocks (or owns very little), isn’t as directly affected by the market drop.
Now, the "giving to the poor" part comes from the broader economic effects. When the market crashes, the Federal Reserve often slashes interest rates to stimulate the economy (like the post says, potentially to near 0%). Lower interest rates make borrowing cheaper for everyone, including small businesses, farmers, and working-class people who might need loans to get by or grow their operations. This can help level the playing field a bit, giving the less wealthy access to capital they wouldn’t have in a high-interest environment.
On top of that, the post talks about tariffs and trade policies. Trump’s tariff strategy—like the 25% tariffs on Mexico—aims to force global trade to shift in favor of the US. This can hurt big corporations (who often benefit the rich through stock ownership) by increasing their costs, but it can also protect American farmers and workers by making imported goods more expensive and encouraging companies to buy locally. That’s why the post mentions cheaper groceries and eggs—because tariffs can reduce reliance on imports, stabilize domestic production, and lower prices for consumers over time.
So, to sum up: crashing the market hits the rich where it hurts (their stock portfolios), while the ripple effects—like lower interest rates and trade policies—can create opportunities for the poor and working class to get ahead. It’s not a perfect "Robin Hood" scenario, but it’s about shifting economic dynamics to reduce inequality in the long run. Does that make sense? Happy to dive deeper if you’ve got more questions!
The idea here isn’t that crashing the market directly hands money from the rich to the poor in a literal sense, but rather that it disrupts the current wealth distribution in a way that can indirectly benefit the less wealthy over time. Let me break it down.
The post mentions that 94% of the stock market is owned by just 8% of the US population—basically, the wealthiest Americans. When the market crashes (like the 20% drop mentioned), that hits the portfolios of the ultra-rich the hardest because they have the most invested in stocks. For example, if someone’s net worth is tied up in billions of dollars of stock, a 20% crash could wipe out hundreds of millions for them. Meanwhile, the average person, who might not even own stocks (or owns very little), isn’t as directly affected by the market drop.
Now, the "giving to the poor" part comes from the broader economic effects. When the market crashes, the Federal Reserve often slashes interest rates to stimulate the economy (like the post says, potentially to near 0%). Lower interest rates make borrowing cheaper for everyone, including small businesses, farmers, and working-class people who might need loans to get by or grow their operations. This can help level the playing field a bit, giving the less wealthy access to capital they wouldn’t have in a high-interest environment.
On top of that, the post talks about tariffs and trade policies. Trump’s tariff strategy—like the 25% tariffs on Mexico—aims to force global trade to shift in favor of the US. This can hurt big corporations (who often benefit the rich through stock ownership) by increasing their costs, but it can also protect American farmers and workers by making imported goods more expensive and encouraging companies to buy locally. That’s why the post mentions cheaper groceries and eggs—because tariffs can reduce reliance on imports, stabilize domestic production, and lower prices for consumers over time.
So, to sum up: crashing the market hits the rich where it hurts (their stock portfolios), while the ripple effects—like lower interest rates and trade policies—can create opportunities for the poor and working class to get ahead. It’s not a perfect "Robin Hood" scenario, but it’s about shifting economic dynamics to reduce inequality in the long run. Does that make sense? Happy to dive deeper if you’ve got more questions!
This post was edited on 4/6/25 at 6:56 pm
Posted on 4/6/25 at 6:56 pm to Warboo
quote:
A billionaire
A billionaire that bankrupts every business he starts?? Hmm I think I’ll take the career politician. At least he knew how to run the country, clearly Trump doesn’t. He’s destroying the world strongest economy in less than 100 days.
Posted on 4/6/25 at 6:57 pm to FLTech
Sounds like BernieBro nonsense
Posted on 4/6/25 at 6:57 pm to Bonkers119
Destroying! It's done it's over we had a nice run!
Posted on 4/6/25 at 6:59 pm to FLTech
quote:
So, to sum up: crashing the market hits the rich where it hurts (their stock portfolios), while the ripple effects—like lower interest rates and trade policies—can create opportunities for the poor and working class to get ahead
When has crashing the market given the working class a chance to get ahead without seizing the means of production?
Posted on 4/6/25 at 6:59 pm to RogerTheShrubber
quote:
and corporate taxes
corporations can't and don't pay taxes.
Posted on 4/6/25 at 7:00 pm to RogerTheShrubber
Crashing gone all gone!
Posted on 4/6/25 at 7:00 pm to Rebel
quote:
corporations can't and don't pay taxes.
Tariffs work similarly.
Posted on 4/6/25 at 7:03 pm to RogerTheShrubber
quote:
Tariffs work similarly.
I fully concur. You and I shouldn't have to pay taxes to China and the EU. That is why our President is matching the tariffs already imposed on our goods to China and the EU.
Why are you against free trade?
Posted on 4/6/25 at 7:04 pm to Rebel
quote:
I fully concur. You and I shouldn't have to pay taxes to China and the EU
We dont
I've never paid a tax to China.
Posted on 4/6/25 at 7:07 pm to FLTech
quote:
FLTech
Thank you comrade
Posted on 4/6/25 at 7:07 pm to RogerTheShrubber
quote:
I've never paid a tax to China.
who pays the tariffs on the exports we make to China? (not to mention all the subsidies we provide to ag)
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