Musk re: debt: “Most importantly, we have to reduce spending to live within our means,” he said, adding that these efforts will “involve some temporary hardship, but it will ensure long-term prosperity.”
This is dumb. It’s a child’s view of economics.
This happened to Greece (involuntarily) 2007-2008. “Temporary”? Almost ONE OUT OF TEN Greeks is CURRENTLY unemployed after sixteen years.
Billionaires don’t suffer. That isn’t temporary. Musk is just fucking dumb.
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https://www.msnbc.com/the-reidout/reidout-blog/elon-musk-trump-hardship-austerity-taxes-rcna177732
So Musk is we INTENTIONALLY crash our economy to “ensure a better future”—which sounds fine if you have foreign investments and don’t need American dollars which will be worthless as the value of the dollar plummets.
And what about food? It will skyrocket. Wages? Also plummet. Jobs? They will vanish. Think 1929 without the fun.
Musk forgets he DEPENDS on government largesse. Hard to do that when few people make enough money to buy things.
JFC did he fall asleep during his Econ classes?
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This isn’t difficult to understand, yet Musk manages to fail anyway: in the same way Twitter is now worth less (WAY less) than Truth Social—seriously.
Musk is a younger Trump. But Musk actually IS on drugs. And is just as dumb.
First, the debt was created by Republicans, who have no problem using other countries as a credit card to cut taxes. Democrats actually LIKE paying the bills. Republicans prefer letting their children do it.
Tax and spend is ALWAYS BETTER than borrow and spend.
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@feloneouscat This is why he, potato head, and others are playing so much with the crypto/bitcoin market. Put a ton of money into that then destroy the us dollar. I wonder who else would want the us dollar destroyed.
Trump: "Bitcoin, it just seems like a scam,, I don't like it because it's another currency competing against the dollar.”
So, of course, he had to create his own… because he is really into scams.