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]
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.
silence7