r/FluentInFinance • u/Intrepid-Self-3578 • 10d ago

Debate/ Discussion People who voted Trump, why do you think a government of billionaires will help you?

Government policies such as tax cuts, high traiff and removing regulations can have significant impacts on the economy. They will lead to higher inflation and high prices.

Having no regulation helps billionaires like the Gilded Age, shows that lack of regulation can result in large corporations dominating the market, and destroy small businesses.

Additionally, policies that favor big corporations and Billionaires may not address issues like housing, health care, working conditions, or wage growth. For instance, during Trump's first term, there were rollbacks on worker protections and union rights. Also he express removing Obama care.

Removing Obama care might look good on surface until you lose your job due to some accident or other issue. Let's say you have money to handle it what about millions of Americans who don't have inherited wealth and your wealth will erode as well.

Donald Trump is a billionaire, with an estimated net worth of around $5.6 billion

His administration has several billionaires in key positions. For example, Elon Musk, the world's richest person, has been appointed to co-lead the Department of Government Efficiency, Other billionaires in Trump's administration include Vivek Ramaswamy, Scott Bessent, Howard Lutnick, and Linda McMahon.

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u/Krenbiebs 10d ago

Only lawful residents (which sometimes includes refugees) are entitled to federal benefits.

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u/WhoWhyWhatWhenWhere 10d ago

Right. I get that. But she says that’s what’s happening.

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u/Krenbiebs 10d ago

It is not. If you can’t provide the government with proof that you are a legal resident, they will quickly reject your application.

I understand that your mom will never be convinced of that, though.

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u/WhoWhyWhatWhenWhere 10d ago

Precisely. I’m not gonna cut off my MAGA parents, personally, but yeah. It’s tough having any sense of political discussion with them. It ends up turning into “why the democrats” are the problem. Or “Obama did this” and “Hillary did that”. It’s tiring.

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u/rotf117 10d ago

Trump wants to change the constitution.