Comment by littlexsparkee
4 days ago
Some have been scurrying to amass a nest egg and become self-sufficient. Of course, if demand destruction from the hollowing out of labor happens fast enough, who will consume and keep these stock prices up? With the tax base simultaneously crashing, gov't can't step in and prop things up. It could help during the transition while failing as a long-term strategy but what else can you do?
Self-sufficiently living off of stocks?
In capitalist economy, people who work are consumers and people who live off of stocks are self-sufficient.
Not reliant on their own labor for their survival is how I intended that. Obviously those folks still depend on the labor of others to make ends meet.