this post was submitted on 15 Mar 2025
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Economy
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10 of the last 11 recessions happened under Republican presidents. Recessions are more effective at widening wealth inequality than even the most aggressive tax plan changes. The longer the recession, the higher the damage goes into the middle class, as privately owned businesses begin to fold and get scooped up by corporations.
The silver lining is that it'll fuck up russias economy even worse
Russia’s stock market has been in a boom since Trump began his tariff tantrums.
https://tradingeconomics.com/russia/stock-market
Why