• 0 Posts
  • 32 Comments
Joined 2 years ago
cake
Cake day: July 1st, 2023

help-circle


  • It’s still his style of thinking “a deal needs a winner and a loser”.
    Only the US will definitely be the loser as it goes bankrupt.

    Problem is he disregards the rest of the world owning a piece of the US, from real estate to dollar value or gold reserves (which might get robbed by Trump as well if he raises the gold reserve’s value, he will claim “our” gold is worth 3x now but we will only count the original value of your stored gold).

    So as an option Trump can confiscate foreign held real estate in the US (communism, anyone?) and perhaps deny anyone the debt owed them, or tank the dollar value to introduce a new Trumpcurrency … but that does not rebuild any of the lost trust and respect, the world will see the US forever as a derelict and creditless country which does not pay its debts. The now decimated amount of trade will be on the premise of pay first then we deliver.

    Combine this with seriously reduced tax income, because the rich and companies still won’t need to pay taxes, and the US will not have any income to actually warrant a positive growth on the economic balance. Which in effect pushes it in the same deep debt situation it is now in and most likely far beyond.

    After he tanks the system, internationally things will NEVER be the same, no matter how much Trump thinks it will be.

    Granted, as it is now the US is and has been living far beyond its means, and a good restructuring is needed to reduce the enormous debt.
    But the way Trump and the whole political system want to do it is not helping at all. To get out of such a debt one needs to take a hard look at the biggest expenditures (defense and the wages of the top everywhere) and imbalances of income (taxes).












  • What really needs to stop is the obscene bonus culture. It is quite disgusting to keep reading a company needs to lay off 500 people only to then give some CEO a bonus of 15million. Or banks running a deep 9 digit number loss in a year but still the higher ups get a bonus for some reason or a vague years old contractual promise. The top should feel loss first before it “trickles down”, and honest pay for honest work should include the top as well.

    And while I am at it, senseless management jobs should be allowed to be contested, no more “manager toiletpaper” who only shows up once a week to make an order, yet makes 5x the wages of people under him.


  • Hahaha

    This whole presidency is raised for maximizing CEO income and no taxes for everyone at the top.

    It will be interesting if Trump actually manages to pull it off, because he’ll make the US swap places with China:
    No one trusts the country anymore, but if it has low enough wages and proper production capability it will produce everything cheaply just to export it all overseas where the luxury goods will be sold. Of course all profits will be made overseas, not in the US because hardly anyone can afford the luxury items no more.

    Meanwhile the production states will get deep smog clouds and intense small coal particle pollution in return. And the need for face masks will be back…



  • It’s also quite ironic that originally China’s low wages were seen as the core problem/reason how they could offer products so cheaply.
    But the way Trump is destroying things the need for low US wages will come up again…

    Alas, of course everything across the board will get more expensive with his tariffs, from vegetables, to electronics, energy and housing, so the common worker will be screwed and locked in his situation, preferably unable to go on strike.