cross-posted from: https://lemmit.online/post/5566633
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.
cross-posted from: https://lemmit.online/post/5566633
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.
Tarrifs are billionaire cash grabs, nothing more. Nobody likes those. Except billionaires of course.
Even the billionaires are going to lose money. It’s just unjustifiably stupid.
Every once-in-a-lifetime economic disaster I’ve personally witnessed has taught me that any economic loss for billionaires is only temporary.
Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society
Some, but it does work nicely as a regressive tax to offset their tax cuts. It’s really hard to see who’s winning in the race to destroy the global economy, someone has to right?
Some of them will get more power or money, though. They are not unified.
Yeah, look past the self-righteous grandstanding to see it for the big wealth transfer that it is.
Not really. It is possible that Musk envisioned breaking NA auto pact to USMCA agreements on autos for purposes of destroying big 3 auto competition, which has been releasing competitive EVs prior to this aggression. Most billionaires like the status quo with existing protections of their business.
A depression does permit billionaires to swoop in later to buy assets. Complete chaos, uncertainty, and yo yo policies does allow for people to make huge short term leveraged returns if they know when the chaos is to be reversed and applied.
In this case, its just a cult leader doing stupid cult actions, though chaos profit angle can easily be there.