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World’s five richest men double their money as poorest get poorer
(www.theguardian.com)
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this post was submitted on 15 Jan 2024
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And yet the majority of Trump voters will cite it as the reason they're voting for him.
People are unredeemingly stupid.
It's not irrational to depend on the economy (as defined by news media) because a good economy does mean a lot of good things for even the lowest level workers. The problem is a good economy means the rich get richer and a bad economy means poor people lose their jobs. There is no consequence for the rich except maybe having to reorganize their investments and lose a marginal amount of their wealth. Whereas in comparison poor people can end up on the streets.
This mindset right here is the problem.
No, that is not what a good economy means. That is what you've been conditioned to believe is a good economy. That there's just nothing we can do, and if we want to be anything but poor and homeless, then that means we have to let billionaires (and soon trillionaires) exploit us, and that just isn't true.
I don't disagree but many of us are clinging to what jobs we have and a recession often times means layoffs. So if you like your job there is security knowing that the oligarchs are happy you have less to worry about. Not saying it's right that it is this way, just the way it is.