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What could go wrong?
(lemmy.world)
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this post was submitted on 05 Apr 2025
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Like the stock market losing trillions? That kind of economic crisis?
The entirety of the U.S. could be housed for maybe $3 trillion dollars. Since Trump took office the market has taken an $11 trillion dollar loss. We could have housed everyone with free rent/mortgage and made them nice, put Americans to work boosting the economy (making those refurbished/new homes) and also taking away the expenditures on said rent/mortgage making it so more money will be spent elsewhere to boost the economy and balance out the not spending to landlords/corporations who own them. To think of that in another manner. In 2 months, the market lost 44% of the U.S.'s GDP.
More than twice the GDP of any other country in the world except China, was lost in 2 months.
You, and others like you, are the reason I love lemmy. I can make an off the cuff snipe at idiocy, and if I don't feel like pulling in exact numbers someone will come in behind me with data like this.
Thank you, neighbor.