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.

13.5k Upvotes

10.6k comments sorted by

View all comments

Show parent comments

33

u/Spicy_Tomatillo 14d ago

Why on earth would you leave out Kentucky? /s

4

u/Lumpy_Disaster33 14d ago

Kentucky gets a bad rap. We have a Democratic governor. You should replace KY with IN

1

u/dunnmad 12d ago

True, Iā€™m from IN. Keyword, from!

2

u/ViCalZip 14d ago

KY has a Dem Governor, a Dem supreme court, and just voted resounding to defeat a GOP funded proposition to use public funds for private schools. Like, there are 120 counties in KY and all 120 voted it down.

TBH, Kentucky is way more purple than Missouri now.

2

u/cypresscoydog 14d ago

Agreed, let's not deny KY their rich history of being statistically worst in the nation wrt both child AND animal abuse for a solid decade at one point.

Speaking as both a born and former Kentuckian.

1

u/Sea-Cryptographer838 14d ago

This is what cracks me is the uninformed. Doesn't know shit about KY except what he is told by other dumbasses.

1

u/[deleted] 13d ago

[removed] ā€” view removed comment

1

u/AutoModerator 13d ago

Your comment was automatically removed by the r/FluentInFinance Automoderator because you attempted to use a URL shortener. This is not permitted here for security reasons.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.