1. Give your friends notice that you are announcing massive #tariffs. Let them sell.
2. Announce tariffs. Stock markets plunge.
3. Give your friends notice that you are going to pause tariffs. Let them buy.
4. Announce a pause.
5. Profit both ways!

Yet another way for the #oligarchs to steal from the middle class who keeps a lot of their retirement money in #401ks.

If you are rich, they let you do anything!

Once, workers had "#DefinedBenefitsPensions," where employers promised to pay a certain amount every year from retirement to death. #JimmyCarter swapped that out for #401Ks, "market" pensions where you have to guess which stocks will be valuable or starve in your old age:

https://pluralistic.net/2020/07/25/derechos-humanos/#are-there-no-poorhouses

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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/11/08/fiduciaries/#but-muh-freedumbs

1/

Seniors aged 65 to 69, past the standard retirement age, are actually more likely to have a job than teenagers. A full 32% of these post-retirement-age seniors have jobs, up from less than one-quarter in 2000.

Many older Americans work well into their 60s or even 70s not because they want to but because they have to. #Medicare #SocialSecurity #Pensions #401ks

https://www.minneapolisfed.org/article/2023/whos-not-working-understanding-the-uss-aging-workforce#:~:text=Seniors%20aged%2065%20to%2069,than%20one%2Dquarter%20in%202000.