2d ago

I sometimes wish I were that dumb

85 comments

I meaaaaan a lot of rich people are losing a lot of money right now.
- Nah, this is their plan. When the economy stabilizes, they will control more of everything, and it will only cost the labor and likely lives of many, many people.
  This isn't the first time I've seen this. People just have very bad memories.
- Are they?
  Are you sure?
  Or is it all unrealized losses because they're holding and not selling?
  
  Yah this entire drama is just wealth consolidation. Everyone has to pay more for everything, when the economy stabilizes, a smaller number of people control even more of everything.
  This is simple, and I've seen it before. It's just sad we have so many people who either have goldfish memories or weren't even born the last time this happened. It's like some kind of nightmare seeing people do the same mistakes over and over and you scream at people that they're being stupid and they can fix ALL OF THIS if they just exercise their power and rights.
  Crickets. Tumbleweeds.
  
  If that's true they won't make anything on the upswing.
- Temporarily. But the middle class is losing more; they'll buy up all the distressed assets like local businesses and small chains and bleed them dry
  
  I mean how many middle class people own stocks or even know what a stock is
  
  Virtually all of them? You think people don't have pension funds?
  
  You ever heard of trickle down economics? The thing that doesn't exist?
  Well, it does exist, but the other way round. If the top makes a lot of money, nothing trickles down to the bottom. But if the top loses money, a LOT trickles down to the bottom. Companies lose money and will try to make up for the loss, raising prices, which directly affects you.
  
  Also, this is literally the pro-trump, pro-tariff talking point being passed around, that only the rich are going to suffer.
  Don't let people say this. I've been through recessions, have you? Has any of the children reading this shit? I cannot fathom how such dense, dumb talking points are being kept alive.
  
  It's something I put on my foot, right?
  
  Even if you don't own anything that has the word "share" on it, your life and economic future are deeply tied to the stock market, this is why when there are market problems, the expenses are passed downstream. Everyone pays when people fuck with the system, and you can't get out of the system, it's built-in as long as we have capitalism.
  
  What do you define as upper class?
- Not really. Many of those people have liquidated a lot of their stock assets when trump took over, and are buying again when it's dipping - I think that this was trumps plan anyways.
  Don't think that the people that are at the top of the financial market lose anything. They know exactly what they're doing and how to stay at the top.

85 comments