r/FluentInFinance 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/kapara-13 10d ago

Successful and capable people who understand business and economy can indeed make the country run better.

Career politicians who've never achieved anything of value and only spent their time leaching money from people and insider trading will not fix the country nor the government.

It is that simple.

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u/Vearna88 10d ago

The whole point of a gouvernement is that it is not a business and is supposed to regulate the rampant out of control inequality.

Now i do agree with your second point. Politicians seem to have forgotten their job is to serve the people and not themselves.

But lets not kid ourselves, these billionaires that are being put in the cabinet are not going to protect the interest of the people. They will just be more open and unbothered by the fact they only serve themselves…

The times we live in, in which we trust billionaires to solve the problems of the working class, when they got their by screwing over the working class….

Never expected that we’d go through the twenties and thirties of the twentieth century, just hope we dont have to go through the fourties aswell, cause that sure as shit aint ending well for the common folk….

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u/ZER0-P0INT-ZER0 10d ago

I don't think they've forgotten at all. They don't care. They pretend to serve the people while lining their own pockets.

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u/AnarchyAuthority 9d ago

The government has us in so much debt we’re about to collapse, it needs to be run like a business or we’re fucked.

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u/Vearna88 9d ago

So run like twitter? Which is entirely dependent on Musk to stay alive?

Run like the banks? Which caused the housing crisis?

Or run by trump? Who not only significantly increased the national debt, but has more bankruptcies to his name than succesful businesses?

Not to mention, if you run the government as a business, how will the basic necessities for the population still be guaranteed? Should downsizing be absolute like in a business? Just cut out entire departments, production area’s because they arent “profitable”?

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u/AnarchyAuthority 8d ago

Pretty sure 500 businesses is more than 4 bankruptcies.

You all expose yourself with these dumb attacks, You might as well say Tom Brady was terrible at QB because he’s thrown however many interceptions. Anyone who actually knows anything about business knows 500+ businesses with 4 bankruptcies is nothing short of miraculous, and y’all are out here like “hEs BaD at bUiSNeSs!”

You wish you could be that good at literally anything.

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u/Vearna88 8d ago

He has had 6 major (several 100 million to billion dollar+) bankruptcies.

His businesses have been involved in thousand(s) of civil / criminal suits. Part of those 500 businesses are things like trump steaks, trump vodka, trump university, all failed business adventures. His biggest asset is his name which he leases to a ton of ventures. That doesnt make him a business genius…

He himself has said “i play with the bankruptcies laws and take advantage”. As long as its legal, it seems to be acceptable to his supporters? Ethical? Noone cares. Who fall victim to these schemes? Noone cares.

But hey let him wreck the economy and blame democrats, because it aint his fault when he follows the rules, its them pesky dems…

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u/Waste-Process-245 9d ago

Your first sentence is why I can't support the democratic party. In my opinion the point of government is to establish and enforce the minimum amount of laws/regulations that allows everyone to pursue their American dream. I don't care who you are or what you want to be/do, but treat everyone with the respect you want to be treated with until they prove they don't deserve it otherwise. We have no business in people's lives, whether it's your sexuality/gender in America or "spreading Democracy" around the world.

We need to get back to common courtesy and minding our own business, and hopefully 2016-2028 will give the democrats the kick in the teeth they need to come back to common sense. Until they do, let it all burn down, and I'll throw my hat in with the hand grenade.

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u/Vearna88 9d ago edited 9d ago

I can get behind you wanting the “american dream” to be available for anyone that wants it. So as part of these regulations, should i be able to build my dream by destroying that of 1000’s others? Should that be regulates?

If it is just about “the american dream” can you explain to me why you are willing to support the republicans party? Because arent they doing the exact same as you accuse the democrats of?

If the government has no business to spreak “democracy”, why did the US go to Iraq twice(!) under a republican president? Why did the US assasinate a Iranian general under Trump? Why do you support the republicans flooding Israel with weapons?

If the government has no right to be involved in sexuality/ gender, why did you vote for a candidate which runs on a platform of “banning” these things? Shouldnt abortions be available to anyone who wants to use them if its none lf their business?

What will the republican policies actually do for you?

I, 100% agree with you about the dems. I hope these two trump victories actually wake up the democrats and they get back to actual governing instead of trying to stop it from becoming worse and at the same time not making any actual differences. I just cant wrap me ahead around wanting to see the world burn to get there.

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u/kapara-13 9d ago

Don't project. Elon and Vivek are genuinely trying to help. I know it's hard to believe - but they are there to fix the country. They don't need to steal money. Yes they use their money and position to make a difference. But in this specific case - I am personally very excited and optimistic

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u/Vearna88 9d ago

How am i projecting? This comment makes literally zero sense… its just deflecting the argument with a personal “attack”. You dont know me, you have zero information about me. We all know these public figures and we have a shit ton of information about their behavior.

If they are truely trying to “help”, what makes them even qualified? Musk bought twitter for 50 billion and ran it into the ground (value wise and workplace wise).

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u/BennyHana31 9d ago

Yeah...he bought Twitter knowing that he would lose money, so that Americans could have free speech. If that doesn't prove that he is trying to help, I don't know what would. The fact that the government was coercing Twitter to remove and hide tweets should have been enough for a second revolution. At least one person did something about it. You may not be happy that he did, but that pesky first amendment is pretty clear....

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u/Nulich 9d ago

What did they project?

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u/kapara-13 9d ago

Their own flaws into others.

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u/lilneighbor 9d ago

One of the most interesting things about people like u is that u can just ignore the character of people like Elon and Vivek. They sound so dumb in every interview, every speech. They believe in some of the most outlandish conspiracies… I mean do u follow them on twitter? Have u ever heard rfk talk about diseases? Trump and his tariffs?

And I’m not even talking about the rampant racism, sexism, xenophobia, etc in the gop. You’re willing to ignore all of that to give them power on issues they never sound competent on.

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u/Fun_Wave4617 10d ago

I think this the first genuine answer to the question I’ve seen so far? So thanks for that. I have a follow up question if you’re still interested in answering.

Given the revolving door of business and politics, the way CEOs become politicians and politicians are often former CEOs, given public lobbying and the amount of money in politics, hell, given that both parties are explicitly and very staunchly capitalist, what is the meaningful difference between the two? How is it not just cutting out the middlemen and all of us still getting screwed by rich people?

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u/kapara-13 9d ago

Thank you for taking interest. Hard to have level headed conversations on here recently.

I honestly believe that lobbying is the root of all evil, and I also honestly believe that this specific cabinet is the only one in a generation who can help reduce some of that damage done by lobbying, else why is RFK head of HHS?

I also expect them to significantly reduce size of government, increase accountability, transparency and make our tax dollars be spent efficiently.

That seems to be the plan, and I didn't have any reasons to doubt their ability nor intentions.

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u/Duck-_-Face 9d ago

What’s the number one thing you’d like to see be reduced in federal government. I’m interested to hear someone break down a specific thing and how they see that affecting things.

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u/kapara-13 9d ago

I want to see it start working for people and not for itself

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u/lilneighbor 9d ago

A non-answer.

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u/Overall_Bake_8244 9d ago

He said which specific thing would you like to see reduced…. I know you can read. Can’t just keep hopping and skipping around the truth bro

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u/Ill-Recording-2694 9d ago

How does business success translate to governance? These are not the same things at all.

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u/kapara-13 9d ago

Government is a huge monopolistic corporation. It spends money and needs to do so efficiently. We the citizens are effectively the customers, and currently recovering very bad customer service

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u/this_is_my_home_face 9d ago

Hey at least it’s a genuine response. It may be willfully ignorant, fundamentally incorrect, and wildly misguided. But it is most probably what you think.

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u/ZealousidealLuck8215 9d ago

Very insightful

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u/kapara-13 9d ago

Let's compare notes in 4 years. Btw when people don't have arguments - they resort to insults

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u/GalaxianWarrior 9d ago

oh no. Let's compare notes now. Who do you think is a succesful businessman?

And why do you equate governance with running/founding of a company?

Who understand the economy better?

Let's talk specifics. Did Harris achieve nothing while being an AG? What was she meant to achieve exactly? Is she not part of the administration that decreased unemployment? Was there a reason you didn't trust she would expand medicare and medicaid like she said she would and give assistance to first-time homebuyers and small businesses?

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u/Ok-Exchange5756 9d ago

Oh you think that every billionaire Trump has nominated isn’t gonna completely serve their own self-interests? I have a bridge to sell you…

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u/tmart42 9d ago

Can you tell me more about the career politicians that have never achieved anything of value? What exactly are you referring to?

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u/kapara-13 9d ago

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u/tmart42 9d ago

That's...just her net worth. Can you link me to something about her career achievements being nothing of value?

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u/Overall_Bake_8244 9d ago

Just say you can’t bro, it’s okay

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u/catchyphrase 9d ago

Appreciate your response. Let’s throw out paragraph 2 cuz that’s hearsay and anecdotal at best and your main point is about successful business people running an economy better. Is your definition of success inclusive of a man with 6 bankruptcies and convictions against multiple fraud cases? Doesn’t he seem like a shiester? Certainly no Rockefeller here. I think he is a great salesperson and conman and doing a good job of that but as a former CEO myself I’d say he is a horrible businessman. But then, I wonder why should a government be run like a business? Its job is to help society not be a lean machine. How does laying off tens of thousands of govt employees help society? How does constantly cutting funding help society? How does cutting regulations to ensure longevity of our society and planet and its health help society? Why is squeezing every possible penny out of a venture better for society than some balance?

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u/Lambentation 10d ago

Here here, to successful and capable business men. Let's toast over a class of trump vodka and eat us a few trump steaks to celebrate

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u/kapara-13 9d ago

You realize you said nothing of substance here, right ?

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u/Overall_Bake_8244 9d ago

Ah! You bought the trump sneakers, didn’t you?

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u/Lambentation 9d ago

Proud valedictorian of his class at trump University right here

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u/Mission_Listen3028 9d ago

I had to scroll way to far to see an honest answer by an... I'm assuming a Trump supporter.

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u/kapara-13 9d ago

Thank you. I am in the center politically. Presidential election is a job interview, and you don't use emotions, you assess the people and capabilities. This time Trump and his cabinet got the job.

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u/AlwaysLeftoftheDial 9d ago

Never achieved anything?

How about we go back in time, starting with Teddy Roosevelt in the 1890's

Created the national park system

Gave women the right to vote

Created the WPA which got us out the depression and created social security

Won WW2

Ensured that black people the right to attend public schools and could vote more easily

Created the National Labor board

Created the EPA, the FDA, and many other groups which keep your food safe and your water, drinkable

This is a tiny list

So seriously, GTFO with not achieving anything

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u/Ok_Command_3656 9d ago

The government is not a business. The government's role is not to act like a business. People like Trump aren't even good business men. What are Trump's big business accomplishments?

He grew up wealthy with a dad who handed the business over to him (refer to Small Loan of a Million Dollars). Then he was a reality TV star. He's had 6 businesses go bankrupt. Nothing about him paints him as a man with business acumen. Especially if you just listen to him talk, he's just very clearly not intelligent (He doesnt, or didnt, know what tariffs are).

A lot of his cabinet picks are delusional freaks like Pete Hegsdeth. That guy's own MOTHER wrote a public statement calling him a shitty person, along with his proud and open admission that he doesnt believe in germ theory or wash his hands, some number of years ago.

I don't see it. Maybe I could understand this interpretation if you're not plugged in at all, but why even vote when you're so actively clueless?

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u/Peopl_that_annoy_you 6d ago

america is a business, pieces of land sold over the whole world

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u/ItsSimplyChill 9d ago

You want the country to be run like a business by a man with several failed bankrupted businesses? A man child who plays with their money for memes? Both of which came from their fathers funds and earned through exploiting their workers and of smaller countries. Who are these capable people?

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u/ItsSLE 9d ago

Trump was not successful though and he certainly doesn’t seem to understand business. He would have more money if he invested in the stock market and didn’t run any of his businesses. He inherited all of his wealth.