What about all of the Trump’s billionaire buddies who depend on the general public spending money on stuff? This can’t be good for business, now can it? If this is some sort of clever tactic that results in them getting more money in the end, please tell me how that works.
The top 10% of earners account for 49.7% of all spending.
The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.
They’re just planning to float on the profits from other wealthy people, they don’t actually give a damn about the bottom 90% as long as they can make profits from the top 10%.
Haven’t you noticed more and more businesses cater almost exclusively to the wealthy and that “economy” options for things like phones, computers, and cars have almost completely disappeared or in the case of phones and computers have been so stuffed with adware and bloatware as to be comically unusable?
Oh, so consumers stop consuming, retail companies fire employees to maintain profitability, etc. Few rounds of that and you have even more poor people who can be exploited to maintain the wealth inequality or even widen the gap. Was that the idea?
What about all of the Trump’s billionaire buddies who depend on the general public spending money on stuff? This can’t be good for business, now can it? If this is some sort of clever tactic that results in them getting more money in the end, please tell me how that works.
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571
They’re just planning to float on the profits from other wealthy people, they don’t actually give a damn about the bottom 90% as long as they can make profits from the top 10%.
Haven’t you noticed more and more businesses cater almost exclusively to the wealthy and that “economy” options for things like phones, computers, and cars have almost completely disappeared or in the case of phones and computers have been so stuffed with adware and bloatware as to be comically unusable?
Their idea is that, on a long enough timeline of not having easy goods that we’d become slave labor,… slaver labor, anyway.
Oh, so consumers stop consuming, retail companies fire employees to maintain profitability, etc. Few rounds of that and you have even more poor people who can be exploited to maintain the wealth inequality or even widen the gap. Was that the idea?
Yep, sounds about right.
"They’re trying to build a prison,
for you and me to live in."
~System of a Down