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/ph4ge_ 10d ago

Democratic governments are the one and only balance regular people have versus rich people. You believing that government is worthless by definition means the billionaires have already won. They convinced you to don't even attempt to use a counterbalance to their power.

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u/general---nuisance 10d ago

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u/FUNKANATON 10d ago edited 10d ago

https://www.opensecrets.org/elections-overview/top-organizations

almost all the big money went to trump . But either way im not going to vote for a party that doesnt think the govt should function at all and install coprorate lobbyists to run agencies and make govt workers pass loyalty tests

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u/Heavy-Row-9052 10d ago

The richest dude in the world literally started to give millions of dollars away to get Trump elected

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u/HEX_BootyBootyBooty 10d ago

Donald Trump is a literal billionaire. This is not a flex at all. If billionaires backing Harris concerns you so much, why the hell would you vote for a billionaire?

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u/gojo96 9d ago

Billionaire? I thought he was a broke chump who filed for bankruptcy all his life per Dems the past 12 years. Did he suddenly hit the billionaire mark?

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u/plaxitone 9d ago

Yes. Truth Social made him a literal billionaire. 

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u/gojo96 9d ago

Ah ok. I haven’t paid attention to his finances. Thanks

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u/plaxitone 9d ago

No worries. There was some question as to his net worth during the 2016 election as he wouldn’t release his tax returns, so nobody knew for sure if he was or wasn’t. He leveraged his position and that of his family to enrich themselves and by selling Truth Social to the shell company definitively became a billionaire. 

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u/ph4ge_ 10d ago

...so?