Trump’s tariffs are going to hurt businesses. It is very likely that his policies are only going to help his selected cronies and his own family. As we can see, the stock market also went down after announcing the tariffs.This is why oligarchs are up in arms.
That being said, the good news is that agitated oligarchs could move against Trump and support someone more business friendly. Harris before the elections has been endorsed by economists as being good for the economy. Oligarchs could endorse someone more moderate after Trump’s presidency (if there will ever be another election).
Just fyi to everyone, I am not saying that oligarchs are good overall. I am just saying that the US is an oligarchy for all intents and purposes, and since Plato mentioned that oligarchy is not a unified group, they still each have their own interest and that could be used to advantage.
They can make money on market downturns; especially if they know it’s going to go down beforehand. Also, during extreme downturns, the rich buy up everything for cheap.
Trump’s tariffs are going to hurt businesses. It is very likely that his policies are only going to help his selected cronies and his own family. As we can see, the stock market also went down after announcing the tariffs.This is why oligarchs are up in arms.
That being said, the good news is that agitated oligarchs could move against Trump and support someone more business friendly. Harris before the elections has been endorsed by economists as being good for the economy. Oligarchs could endorse someone more moderate after Trump’s presidency (if there will ever be another election).
Just fyi to everyone, I am not saying that oligarchs are good overall. I am just saying that the US is an oligarchy for all intents and purposes, and since Plato mentioned that oligarchy is not a unified group, they still each have their own interest and that could be used to advantage.
They can make money on market downturns; especially if they know it’s going to go down beforehand. Also, during extreme downturns, the rich buy up everything for cheap.
The tariffs is going to affect the American economy as a whole in the long term. This will definitely make the rich angry.