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1 scary economy prediction by pro-Trump billionaire: ‘didn’t vote for this’
You know when U.S. President Donald Trump has lost the billionaires, he’s done stepped in it.
I mean, it was always obvious to anyone paying attention that his disastrous economic policies — evidenced by global markets brutally tanking last week and recession warnings being issued by the bushel — would be hardest on the little guy.
Tariffs are taxes on American consumers, and many American consumers have already been stretched to the breaking point by years of relentless inflation.
Throw in the market rug pull of people’s retirement accounts thanks to the non-stop cavalcade of Trump-induced Wall Street chaos, and things are feeling very dark indeed.
Rich people don’t tend to think or worry about this stuff as much as you or I, as evidenced by U.S. Commerce Secretary Howard Lutnick saying recently that his 94-year-old mother-in-law wouldn’t complain if she missed a social security check (helps with the stress level when your son-in-law is fabulously wealthy I guess).
Rich people have a lot of breathing room, is what I’m saying … as opposed to the 60% of Americans who, according to one recent survey, would struggle to manage an unexpected $1,000 bill.
So when billionaires start sounding the alarm about the current economic chaos, my ears perk up.
Think this couldn’t possibly get any worse?