silence7Mar 18, 2025

Trump Says a Recession Would Be Worth It, but Economists Are Skeptical

https://slrpnk.net/post/19677147

Trump Says a Recession Might Be Worth the Cost. Economists Disagree. - SLRPNK

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. [https://talkingpointsmemo.com/edblog/the-brave-new-world-of-oligarch-lordships-apparently-theyre-awesome]

Show threadHello_thereMar 18, 2025
The rich pick up assets during g every crash, widening inequality.
We need a wealth tax to start reversing some of those gains
Show threadearphone843Mar 18, 2025
We need a tax on unrealized gains over a certain amount (as to not screw the 99%).
Show threadgrue
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.
Mar 18, 2025 at 7:26pmWeb
Show threadearphone843Mar 19, 2025
Unrealized gains means that the investment vehicle has increased in value since it was purchased, but hasn’t been sold at that value. Every type of investment is going to have either unrealized gains or losses until it’s sold.
Show threadjj4211Mar 19, 2025
Nearly every homeowner has unrealized gains in their house value.