Comment by ajross
7 days ago
You're arguing from a steady state. In point of fact the pain of the at-this-point-seemingly-inevitable recession is absolutely going to be concentrated on the working class. Those of us with savings and work flexibility will do just fine.
Even someone making a first principles argument for a revision of US trade policy should agree that this is insane.
The real pain will hit the working class harder, but the nominal pain will hit the capital class harder. Historically, this is how inequality unwinds. See: recessions, World War II. Let's hope to god that this is "just" a recession and doesn't cook into World War III.
The current spending bill has a 4.5T giveaway to corps and the ultra rich. The goal is to drive prices to the floor and then buy everything up.
What's a 50% drop in value to a billionaire? Most of them would still be a billionaire and the ones that fall from that group still have more money than they could ever spend. No wealthy person will truly feel what's going on. They'll still vacation and eat their caviar. Caricatures aside, it's absurd to compare someone stock sheet numbers going down with people not able to find medical care or feed themselves.
Definitely looks like an intentional precursor to WW3.
- Threats of annexations - Existing conflicts in North America, Middle East, Europe and Asia. (whats up with South America?) - Mass unemployment and poverty in US freeing up able bodied people for some soldiering - Right wing blowhards everywhere
Just crazy that this is essentially because rich people dont want to pay some debts, and some crazy russian guy's ego
I think the quote below attributed to Caesar is applicable here ( not only in the sense that egos play a role in most leader's process ). I am not sure I disagree with you; I just hope you are wrong.
"Go on, my friend, and fear nothing; you carry Caesar and his fortune in your boat."
I think my comment is entirely compatible with what you said, no?
its also assuming there is any plan here do get somewhere, they just asked chatgpt for number, it spewed them out and those became the final numbers.
there's no plan for anything here.