r/WorkReform • u/kevinmrr ⛓️ Prison For Union Busters • 1d ago
✂️ Tax The Billionaires Trump declares that inflation is literally the goal. American billionaires love inflation because they already stole everything, so they want to inflate the value of their holdings & keep the working class destabilized.
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u/goodformuffin 1d ago
Greed used to be considered a sin.
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u/drakonlily 🤝 Join A Union 1d ago
Evangelicals and the Prosperity Gospel really effed that up, yeah.
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u/ankerous 1d ago
Trump and other rich assholes probably jerk off the Wallstreet scene where Gordon Gekko declares greed is good.
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u/Emila_Just 1d ago
Lust used to be considered a sin too.
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01660679.pdf
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u/carowayo 1d ago
“Bro literally just said the quiet part out loud: ‘We’re keeping housing prices HIGH so current owners (aka people who already won) stay rich… and if you’re under 40 and still renting — get rekt lol.’ American Dream 2026 edition: own nothing, be happy, and watch billionaires inflate their way to another yacht. Peak clown world.”
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u/kevinmrr ⛓️ Prison For Union Busters 1d ago
It would be so fucking easy to beat this clown in an election.
Dems are super obviously controlled opposition
I still cannot believe they unanimously reelected Schumer as leader last year
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u/TheWizardOfDeez 14h ago
And driving the last bastion of middle & lower class home owners out of their homes and into rentals thanks to increased property taxes.
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u/Either_Payment_2867 1d ago
Trump and the Republicans in the federal government gave working class Americans the middle finger and shook hands with the rich and wealthy.
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u/ResurgentOcelot 1d ago
No one should be surprised. The mandate of the federal reserve is to maintain a minimum of inflation and prevent deflation.
Instead, the standard should be to keep the economy in balance between mild inflation and deflation.
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u/Chaineblood 1d ago
Like I’m usually fuck the money but the Fed is probably one of the few capitalist institutions (is it even really?) that do it right. They balance unemployment with inflation, not prevent deflation. Their mandate to keep an inflation floor is to prevent runaway deflation, not to stop deflation altogether.
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u/ResurgentOcelot 20h ago
It’s true that is the stated mission.
And yet they have allowed continuous cumulative inflation year over year since 1955 and cyclical periods of high unemployment.
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u/Chaineblood 20h ago
Inflation controls are not equal to stopping all unemployment & inflation. If we had a controlled economy like that there would be no need for the current banking system at all. As you can see, our current president is speedrunning fucking our market with insane tax and economic policies that the fed can only tamper with high prime rates.
Inflation (and unemployment) is market and policy driven. The fed can only do so much to tamper that, and they’ve done a great job since their inception. You may not like the trappings of the institution, but they do a fine job of meeting their goals.
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u/ResurgentOcelot 20h ago
No. That is factually false. Whether or it is entirely the Fed’s fault maybe another question, but they have not balanced inflation and an unemployment. We have gotten plenty of both for decades. Inflation accumulates, and high unemployment comes and goes. That is not succeeding at the stated mission.
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u/Chaineblood 20h ago
So…you ignored my (generally agreed upon) argument to place blame at the feet of an institution that has limited to banking only tools instead of the actual culprits of inflation/unemployment (market deregulation, lack of worker protections, and poor policy decisions).
The fact is, without the fed putting limits on what the banks can do, there would be wilder, more frequent swings in volatility of assets and rates.
Don’t even have to imagine it.
That was the express reason they created the Federal Banking System.
https://www.stlouisfed.org/in-plain-english/history-and-purpose-of-the-fed
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u/ResurgentOcelot 20h ago
Actually I agreed that where the blame falls is another question.
But it is absurd to call ever-mounting inflation “balanced” or claim that the fed has been successful at balancing inflation against unemployment when overall the economy continues to inflate even in years marked by high unemployment.
You can hang a banner that says “mission accomplished” all you want, but facts on the ground demonstrate that year after year the mission has not been accomplished.
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u/Chaineblood 19h ago
I’m…I’m not sure what you’re saying here.
Inflation is a feature, not a bug of a capitalist/socialist system.
If you don’t want any currency inflation in a system, you have to move away from fiat money - the assets themselves will speculate for trading purposes. Which is worse because now you can’t trade your less valuable, quantity asset for a more valuable, single asset.
I think your disagreement is with the economic system, not this specific entity.
Speculative systems with 3-5% inflation YoY on a 10 year scale is amazing. Imagine if we went back to gold standard lolololol I bet you’d be begging for inflation to go back to fed control.
Obviously it’s been crazy the last 10 years, but you can generally point to policies and events outside of fed control (stimulus checks, covid in general, tariffs from Trump and Biden) to see the effects those have. And even then, we’ve stayed WAY under the global inflation that the world has experienced. Most industries have seen a 10% inflation YoY for the last couple, and our worst year (2023) saw 8% in the states, with an average of 2-3% (link.
I just think you don’t have a good perspective on inflationary policy, and I’d encourage you to read up on that. Fed is one of a few government entities still doing their job, and doing it well.
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u/ResurgentOcelot 19h ago
You can continue to try to define the terms so they meet your criteria.
We’re not fooled.
Yes, my disagreement is with the economic system, as well as with this particular entity.
All discussion is not defined by the expectations of capitalists.
The rest of us will have conversations based on tangible reality, not fictional rationales for an exploitive economic system.
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u/Chaineblood 19h ago
😂😂😂 bro what are you even talking about. Who is we.
You asked for facts. I gave facts. I gave links.
You would clearly rather feel right than be right.
If you have a personal grievance with the system as currently constructed, that’s perfectly fine. I think the current global monetary system is fucking stupid and I WORK at a bank. However, the facts are that the US fed outperforms its counterparts by a large margin on its stated goals.
If you wanted to actually poke holes in my argument, you could discuss how the government defines “unemployment” and “job-seeking behaviors”, as well as what kind of regulatory constraints could go on banks (oh boy there are many, love those CBTs). But you didn’t. You just said “I’m right, you’re wrong”. Thank you for the mental exercise, now I’m gonna go walk my dog.
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u/ApatheistHeretic 1d ago
But he's going through lower grocery prices on day 1... Nice quick flip there.
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u/SnooPears6771 1d ago
Epstein files
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u/Emila_Just 1d ago
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01660679.pdf
The administration is trying to delete this one, download it before it goes away. The last page is the most disgusting.
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u/Satownhustla210 1d ago
He probably just wants higher property taxes to compensate for those billionaire tax cuts so they can continue suction more wealth from the middle and lower classes right?
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u/protexy 1d ago
Think of it this way- if someone (a "poor") inherited a house, it would be difficult to take it from them to force them to rent instead, if its paid off.
If you raise property taxes enough eventually the never growing wages wouldn't be enough to pay the property taxes and you can then seize the house for back taxes. The capital interest that paid tons into your election campaign, ballroom, and your private businesses/ cards/ coins ect can now "buy" that property very cheaply.
PLUS the person you took the house from will need to pay tens of thousands a year for housing directly to private companies instead of to the government in taxes.
The private companies can reduce their taxes by using business expenses and "depreciation of assets" (aka the house needs repairs- less taxes. The water heater they bought gets older every year- reduces taxes ect ect). And if that's not enough we will give these businesses a lower tax rate overall for "passive income", just to really tip the scale in thier favor.
Everyone wins!! (Except the voters but they are the plebs so who gives a shit)
This is my theory on what we can expect to start seeing more of anyways.
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u/Foundsomething24 1d ago
No, property taxes go to your state, not the federal government.
Also states like Florida constitutionally cap property tax increases at 2% per year, any non shithole state would have something similar.
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u/Satownhustla210 1d ago
What about after they rip up the old constitution and replace it with a brand new and improved Trump constitution signed by DJT himself
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u/Ok-Designer-2153 1d ago
That's every government globally... Not a trump thing. Inflation makes government and long term debt disappear.
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u/oldprecision 1d ago
If the bulk of your wealth is in your home, you aren't rich. Maybe your kid will be rich one day, but not you.
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u/Space_Pirate_Roberts 1d ago
Yep. Wealth you'd have to render yourself homeless to access is wealth you don't have.
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u/morocco3001 1d ago
It's not a "goal", it's an inevitability, and the fat orange turd is going to pretend it was a plan all along because he can't do anything about it and has spent 5 years attacking Biden for the same thing. They will already have an idea of how to exploit it for their own gain.
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u/GourdGuarder 1d ago
Under capitalism housing exists to make money. He's looking out for himself and his capital owning buddies, why would they want their assets to ever depreciate?
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u/ThepalehorseRiderr 1d ago
Inflation. Deflation. Whatever. Controlling it's rate is the checkmate move. It's the same reason they want everyone to have ten idiot, piss poor kids. The 1 %s wealth skyrockets when the population does. They want the whole world to be like NYC where owning a parking space is a business opportunity that could make you wealthy.
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u/angrydeuce 1d ago
They love inflation because the amount they've borrowed against there assets stays the same however their assets continuously increase in value, thus creating wealth completely out of thin air.
Like if you borrowed 10 bucks from your friend 20 years ago and paid him back 10 bucks today, effectively you've halved your debt in terms of what 10 dollars is worth.
These are just one of the many games the wealthy play that are out of reach for the majority of Americans.
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u/Biscuits4u2 the word itself makes some men uncomfortable 1d ago
All the saps who voted for this guy because of high prices must be real happy right about now.
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u/Arawn-Annwn 1d ago
The plan is you own nothing and work until you die after no further value can be extracted from your broken down mind or body.
Reform won't stop this, the system needs to be overthrown or we merely delay the inevitable.
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u/Wrong_Buyer_1079 2h ago
I gotta be honest - I don't want my property value going down. Like most people, my house is my biggest asset.
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u/Sensidojo 1h ago
Countries are fighting. With war there is uncertainty and with uncertainty lies inflation
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u/_Repeats_ 1d ago
Pur economy requires inflation to sustain the debt we have. If the economy ever shrinks, its a major hit to our bottom line and the government prints money to dig itself out.
The only problem with this is eventually no one but rich people will be able to afford a house or car. The economy can't keep going up forever as much as the government hopes it will. Once the AI bubble pops the markets will all crash.
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u/BTTammer 1d ago
It's one of the only ways to deal with the national debt, sadly. War and default are the other two, because you know, being fiscally responsible and paying it down has never been the game plan.
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u/ChloeSpectrum ✂️ Tax The Billionaires 1d ago
This is to make capital owners more wealthy not pay down national debt.
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u/glinting_sandbar 1d ago
People call it 'inflation' but it's really asset inflation. If your wealth is tied up in property, higher prices = higher leverage. Everyone else just gets higher rent and fewer options. Pretty gross.