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.
this post was submitted on 15 Mar 2025
38 points (100.0% liked)
Economy
903 readers
210 users here now
Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.
founded 2 years ago
MODERATORS
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.
Why
Anyone with more than two functioning brain cells between their ears knows that whatever Trump is doing is harming the American economy.
I've been seeing articles about a recession hitting for the last 5 years. They will predict a recession till they are correct.
Trump just needs an executive order saying stock prices can’t go down. Problem solved. But since the rich get richer in downturns, I’m sure he will be told not to.