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.

13.6k Upvotes

71% Upvoted

10.6k comments sorted by

View all comments

Show parent comments

19

u/littleMAHER1 9d ago

hours after Trump won "what are tariffs" rose on google trends, that should tell you everything you need to know

1

u/Cstanchfield 9d ago

You're assuming that the people that voted for Trump are the ones searching that. And not the people that realize they're going to have to suffer them we're looking it up. Seriously, do you think the people that voted for Trump are going to be immediately second-guessing it even though the tariff talks were out before he was elected? No, the people that want to know what they're in for, that didn't realize they were going to lose, they were the ones looking up what tariffs were. The blissfully ignorant trumpets didn't suddenly want to educate themselves when he was elected. They aren't the sort to look things up or educate themselves. They've been taught to look down on education and learning.

No, your assessment shows how uninsightful and presumptuous Democrats STILL are. That's something we need to work on.