Comment on [deleted]

IndustryStandard@lemmy.world ⁨1⁩ ⁨year⁩ ago

• Dead_or_Alive@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Buffet has a long history of stockpiling cash when the market becomes far too speculative. He’s also flat out said millionaires and billionaires aren’t taxed fairly compared to the working class.

  I think Trump is trying to appeal to blue collar workers who have seen their jobs disappear. Tariffs are his ham fisted way of trying to appeal to them.

  Trump is a fool though. It isn’t the 60s anymore and manufacturing won’t work in the US without inputs from Canada and Mexico.

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  • IndustryStandard@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Many billionaires have recently cashed out not only Buffet. Of course it could be them predicting Trump being bad. But collusion would be possible.

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    • Dead_or_Alive@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I cashed out in November.

      Its painfully obvious to anyone who can do math that Trumps policy’s would destabilize an already weakening market.

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    • Corgana@startrek.website ⁨1⁩ ⁨year⁩ ago

      Which ones? Searched and couldn’t find anything.

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      • IndustryStandard@lemmy.world ⁨1⁩ ⁨year⁩ ago

        fool.com/…/americas-billionaires-are-cashing-out-…

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  • socsa@piefed.social ⁨1⁩ ⁨year⁩ ago

    The entire narrative that the US doesn't have a manufacturing industry or blue collar work is largely a myth anyway. The US has a $2.4T manufacturing sector, which is larger than the entire GDP of Canada. There are also plenty of blue collar jobs in the trades.

    This "problem" never gets solved because there is no problem. But the media of course continues to help Republicans gaslight us about it.

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