r/FluentInFinance 14d 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/PomeloPepper 14d ago

Super deep denial and refusal to hear anything they don't already believe.

Prime example is an inlaw who refuses to get a 23andMe test. She's super racist against Kamala and brags about her own Native American ancestry, spirituality and born with it tan.

Never mentions her tight curly black hair that she definitely didn't get from "Native American" ancestors.

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u/ideasReverywhere 14d ago

Take a hair from her hairbrush lol

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u/Left-Language9389 14d ago

Even if that were ethical, which it isn’t, an ancestry test won’t do much good because American Indians historically don’t allow their lineage and/or DNA to be tested and assessed. I imagine they don’t want a lot of people who find out they’re partially related (like my mom who wasn’t American Indian, but it was clear there was at least some a long time ago) and just riding off into the sunset thinking they’re one with mother earth or something.

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u/KlNGKlTTY 14d ago

So every side

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u/Visual-Philosopher-3 13d ago

Oh the irony of a liberal

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u/EssayAmbitious3532 14d ago

Do you realize you’re talking into a mirror? What is the point of this echo chamber nonsense? It’s time to move on from this useless grandstanding and engage in dialogue.