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this post was submitted on 07 Apr 2025
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The working class and middle class will continue to work and provide value to investors, because they have to. No work means no food, no home, so people will continue to work and investors will still have that value coming from the working and middle class. Their lives will suck, but that's not a rich person problem. Ideally, for the rich, the working class and middle class will sell off their assets at fire sale prices so that they can survive and the rich will get valuable assets on steep discounts. Homes that foreclose will be bought up and renters will be put in them and the return for investors will be incredible.
Recessions are when rich people get much wealthier in a short period of time. This is deliberate and the rich will be using their money to "invest" while the working and middle class produce more value for investors at their jobs and sell their assets to the investors.
There is no such thing as a recession being bad for the wealthy. The only thing bad for the wealthy is taxes and regulations. Even if their net worth drops, it only drops on paper temporarily and as long as they don't sell while the value is down it's like it never happened. If it ever gets really bad that's when companies are then deemed "too big to fail" and the government bails them out.
It's intentional and they're all excited about the recession.
Thank you.