Comment When this collapses a lot of people (Score 2) 22
Are going to lose their homes. Many of them here reading this now.
Trump is opened up high risk private equity investment to 401ks. So you're quote unquote safe retirement is going to be funneled into private equity firms that are currently losing money because all the high profit private equity purchases have dried up. It's the same thing that was done with public pensions but now with your 401k.
Meanwhile you can expect Trump to continue to use tariffs as a national sales tax so that he can keep pushing for more tax cuts for his billionaire buddies and himself. That will create runaway inflation which will in turn cause interest rates to shoot up. That means more layoffs because high interest rates are designed to cause layoffs.
We gave too much power to the president and then we elected a congress unwilling to take it away because they're terrified of primary elections. Nobody here is going to get away unscathed.
Trump is opened up high risk private equity investment to 401ks. So you're quote unquote safe retirement is going to be funneled into private equity firms that are currently losing money because all the high profit private equity purchases have dried up. It's the same thing that was done with public pensions but now with your 401k.
Meanwhile you can expect Trump to continue to use tariffs as a national sales tax so that he can keep pushing for more tax cuts for his billionaire buddies and himself. That will create runaway inflation which will in turn cause interest rates to shoot up. That means more layoffs because high interest rates are designed to cause layoffs.
We gave too much power to the president and then we elected a congress unwilling to take it away because they're terrified of primary elections. Nobody here is going to get away unscathed.