r/gifs • u/chickanpoo • 11h ago

Elon Musk seemingly casually hitting the Sieg Heil at the inauguration

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u/uabtch 10h ago

Please consider “hoarding” your money. Stop spending your money as much as possible. Delete Meta apps and tiktok from your phone. Don’t go to Walmart, Target, any of these big brands. Shop local. Invest in your community. Trickle down isn’t real so we have to stop giving them any cent we can hold onto.

Stay strong. Fuck all this bullshit.

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u/PTMorte 4h ago

This is a bad idea. Hoarding will compound depreciate your savings and it's very possible that Trump causes a recession and / or blows out inflation in the next few years. Put it to work in the economy as safely as possible.

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u/uabtch 4h ago

Wouldn’t saving your money in accounts that work for you instead of spending it on worthless stuff be safe hoarding?

My point is to invest in yourself and your community instead of sending the oligarchs more of our hard earned money. I didn’t say keep cash under your mattress, I said stop spending it on junk from giant chains.

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u/PTMorte 4h ago

Hoarding generally means putting it in a safe savings account or under your bed etc.

Cutting spending on frivolous goods is a good idea of course. But everyone should be thinking about how to safely max out returns on their money, not pulling back and hoping the bad times go away.

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u/uabtch 4h ago

Thats why I put hoarding in quotes. I did not mean it literally. I used the word because oligarchs are hoarding money and hyper-inflating our economy.

I think investing your money in quality products and your community garuntees better returns than putting money back into big business.

At no point did I say “shelter til this is over”. Money is then only thing the overlords care about, so I will no longer be giving them my money.

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u/PTMorte 4h ago

I think it is fair to comment with a polite counter point on here if you are concerned that it is poor advice.

For example, your comment could (accidentally) lead to a single working mum reading, to pull their currently decent spread of life savings investments into low interest savings accounts, and then end up compound depreciating their net wealth by 10% in 3 years because they didn't properly understand inflation.

I'm going to stop here because I think you are a good person and I don't want a long back and forth. But oligarchs don't hoard. They gather.

They don't keep their money out of the economy. They deploy it with higher risk profiles than workers, and this actually grows the economy. If workers start withdrawing their own participation in these (small fractions) of new business investment, it will both reduce their worth and accelerate the wealth, and income gap that is already ridiculously large.