I’m 100% against Trump but why are people pointing at this and sayin “SEE TRUMP BAD” this is not a bad thing for billionaires. The only people this hurts is middle class Americans who have much of their savings tied to investments.
This is exactly what they want. All the billionaires are buying right now and in a few months Trump will kick the FED in gear and start printing trillions of dollars just like last time. The billionaires will become richer while the popes get poorer.
If you have any available cash put it all in S&P 500. You will make some money when everything levels off or trump rescinds the tariffs because “they learned their lesson”
It might not be so simple. Once you’ve imposed these tariffs to your allies, you can’t go back to the world where they didn’t exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.
The billionaires will possibly benefit from this, but it’s very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.
I’m 100% against Trump but why are people pointing at this and sayin “SEE TRUMP BAD” this is not a bad thing for billionaires. The only people this hurts is middle class Americans who have much of their savings tied to investments.
This is exactly what they want. All the billionaires are buying right now and in a few months Trump will kick the FED in gear and start printing trillions of dollars just like last time. The billionaires will become richer while the popes get poorer.
If you have any available cash put it all in S&P 500. You will make some money when everything levels off or trump rescinds the tariffs because “they learned their lesson”
Also everyone who is somehow affected by pension funds, if I’m not mistaken.
It might not be so simple. Once you’ve imposed these tariffs to your allies, you can’t go back to the world where they didn’t exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.
The billionaires will possibly benefit from this, but it’s very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.