▲ 795 ▼ Risk of ‘Trumpcession’ rising, economists say, as global markets fall (www.theguardian.com) submitted 1 year ago by just_another_person@lemmy.world to c/politics@lemmy.world 112 comments fedilink hide all child comments
[–] QuarkVsOdo@lemmy.world 4 points 1 year ago (1 child) Another problem is that down to lower class the americans invest for their retirement. If he wipes out the people's lifetime savings, they can't afford to retire and got to work longer - even if the recession is driving inflation down. permalink fedilink source parent hideshow 2 child comments replies: [–] CharlesDarwin@lemmy.world 4 points 1 year ago (1 child) You think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement? permalink fedilink source parent hideshow 2 child comments replies: [–] QuarkVsOdo@lemmy.world 1 point 1 year ago No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the "lifetime savings" of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don't allow sub-billionaires to hedge. permalink fedilink source parent
[–] CharlesDarwin@lemmy.world 4 points 1 year ago (1 child) You think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement? permalink fedilink source parent hideshow 2 child comments replies: [–] QuarkVsOdo@lemmy.world 1 point 1 year ago No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the "lifetime savings" of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don't allow sub-billionaires to hedge. permalink fedilink source parent
[–] QuarkVsOdo@lemmy.world 1 point 1 year ago No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the "lifetime savings" of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don't allow sub-billionaires to hedge. permalink fedilink source parent