The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
The United States government just announced its gonna shake it’s own citizens down.
Unhinged.
Trump says, “kill camps might be worth the cost.” Human rights activists disagree.
Crashing the economy is literally the point, then his rich asshole friends can acquire a ton of stocks and property while its value is low and when the adults fix it 4 years from now all his friends that got him elected will still win.
Worth the cost for what, exactly? everything was okay until you opened Pandora s box and started throwing worms literally everywhere.
Your government is in chaos, your country is in chaos, you even made the World mi chaos and now you want a recession because…?
Yea big gains for current billionaires which as far as trump is concerned are the only people he cares about
Not only economists, but everyone with awareness who uses logical thinking.
Such headlines irritate me because it still offers a modicum of validity to crazy, upon casual reading.
“Environmentalist disapprove of spraying cyanide on crops” would be a more obvious example.
Except that the ultra rich ARE fine with a serious recession, they WANT one so they can buy up shit for cheap and consolidate power.
https://en.m.wikipedia.org/wiki/The_Shock_Doctrine
The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls “disaster capitalism”. In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic “shock therapy” favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively.
This is VERY rational from the perspective of the ultrawealthy (it is really the only strategy they actually want to use if possible) it is just murderous and cruel.
The US economy is about to crash, this is the goal.
And they will get away with it if the majority of people still find themselves unable to act years from now.
In this county, politics as normal has failed and cannot be redeemed at all. Something new has to happen; what I don’t know, a missing ingredient.
Somehow, I hope, even pray, that we will avoid a violent revolution. Which has got to sound just asinine, I know; but I figure Mango Mussolini is specifically trying to cause an uprising to give iron clad “justification” for implementing martial law (and cancelling elections, of course, for “security”).
I dunno, I guess I’ve got this utterly foolish notion that if the mask off fascist society fails to “gel together”, we could, I dunno, have a relatively peaceful dissolution of the federal government, leaving each state it’s own nation. I do not want this, it’s a fucked up resolution that will still cause massive poverty and unrest.
Better than being led into WW3 by a retarded Cheeto, however…😝
The rich pick up assets during g every crash, widening inequality. We need a wealth tax to start reversing some of those gains
We need a tax on unrealized gains over a certain amount (as to not screw the 99%).
The 99% don’t have any unrealized gains to begin with. Even people near the top end of that scale who do have investments have all or most of them in retirement accounts where the gains eventually get taxed as income (traditional) or not at all (Roth) instead.
Has there ever been an effective wealth tax?
The Netherlands has had one forever, and it is not in economic collapse AFAIK.
It’s not a question of collapse but rather whether said wealth tax causes more capital flight and or evasion/avoidance than it brings in. If enough wealth leaves your country that your tax base is lower and tax revenues are down then that tax isn’t working.
Im not familiar enough with the Netherlands economy or tax structure to talk about it
