alt Hacker NewsYou're arguing from a steady state. In point of fact the pain of the at-this-point-seemingly-inevitable recession is absolutely going to be concentrated on the working class. Those of us with savings and work flexibility will do just fine.
Even someone making a first principles argument for a revision of US trade policy should agree that this is insane.
Replies
svara • 04/03/2025
I think my comment is entirely compatible with what you said, no?
mlinhares • 04/03/2025
its also assuming there is any plan here do get somewhere, they just asked chatgpt for number, it spewed them out and those became the final numbers.
there's no plan for anything here.
The real pain will hit the working class harder, but the nominal pain will hit the capital class harder. Historically, this is how inequality unwinds. See: recessions, World War II. Let's hope to god that this is "just" a recession and doesn't cook into World War III.