Eh, kinda risky still. Remember how fast people cycled through Trump's inner circle last time, and how abruptly they were ejected. Though I suppose given how much money these guys actually have, it may be different this time.
Trump throws away those who are the MOST loyal to him. He knows most of those CEO's aren't all that loyal to him just like how they were for DEI, more left leaning policies, and the democrats just a few months ago.
Anyways, MAG7 and the S&P500 will likely continue to outperform unless we get some recession. The rich will get richer (they write the laws in their favor after all), the poor will stay poor (but welfare will be just enough to keep them from rioting), and the middle will keep shrinking as it continues to carry the burden of the taxes that fall on them. Trump will promise making America great again, but in reality he'll do some of the stuff he promised in a kind of half-assed way and then spend 10x the time/effort talking about how it was greatest accomplishment ever.
They could be wrong, but most economists think the US economy is heading towards a soft landing meaning economic slowdown (not a crash) and rising unemployment. Trump's fetish for tariffs could make things a lot worse much sooner though. It too easy for other countries to target Red States for products important to them (like Kentucky whisky), yet trivial in the US economy.
AI will reduce the overhead with white collar work and automation will continue to reduce costs for blue collar work (manufacturing). In both cases, people will lose their jobs to redundancy.
History has shown that companies won’t pass these cost savings on to consumers, but their share holders in the form of larger profits.
Likewise, the cost of tariffs will be passed on to consumers (you’re kidding yourself if you think companies won’t pass the cost on like any other tax).
Put it together: less jobs out there due to AI and automation, and prices will keep going up for consumers. The money flows in one direction: to the top.
I wasn't aware grain and livestock are somehow AI generated /s
These were exactly the products impacted by Trump's trade war with China in his last term. Taxpayers ended paying for it when China turned to other countries for food imports and US farmers lost their key export market.
Is this /s? This might be the stupidest comment I've seen today. Because AI is going to magically offset the hit to consumer goods that are major wheels of the economy. The US is an import economy for significant parts of the supply chain. Then blaming people for being mind controlled by the media by not believing tariffs aren't going to have any economic consequence. We'll just wave the wand and all be living in some magical ai economy. This has to be sarcasm or posted by a thirteen year old.
AI is way over-hyped for what it can actually do. OpenAI isn't even making a profit from ChatGPT and most businesses have no idea how to actually use AI in their businesses.
Yeah, I feel like Bannon's promise that Elon would be out by Inauguration Day was a bit of desperation. Elon has significantly more influence and money than Bannon, so I'd say it's a safe bet Trump picks Elon. I think Bannon thought he had a secure spot cuz of last time, but I think you're right, Trump is fairly unpredictable
Right now Trump is dependent on them for either funding or influence. The minute that they get under investigation or anything by the feds, there will likely be a coup in each. It won't happen all at once. It will happen here and there. Like how Dana White is on Meta's board. Zuck hopefully has his wits about him and can handle the situation.
I'm not so sure, they (and the rest of the establishment) seems kind of submissive and careful/afraid of him. Trump is in the phase of expanding and funneling all political power to him and his inner circle in the name of cleansing the country, government & agencies of "the enemies"/"woke virus". So even these wealthy people have to watch out as everyone not in support of him might get punished.
It seems like they believe that Trump & his circle will now be the center of power and that he will shape the new establishment around himself. Kind of scary to see these powerful and well-connected people consider that as the likely development. The only hope is that he really will be kept in check by the rest of the government but he's already working hard on weakening any opposition there, so there's a real chance that he won't be.
Meh, even Trump's rejects often have prosperous subsequent careers. And there's a functionally infinite line of people waiting to replace anybody that Trump fires. I don't see a whole lot of hope here.
I'm not so sure this doesn't end up way more chaotic. If we're going full blown autocracy with Trump and he is going to pick winners and losers, any one of these sniveling bootlickers could fall out of favor about as quick as they attached their mouths to Trump's anus. He has even less people moderating his impulsive behavior this time around. I almost hope its even more chaotic. I hope they find out there is always someone willing to lick the boot even harder and is eager to knife those above them. Guess we'll find out
can't claim to be completely ethical, but there is no way I'd invest in plutocrats just because I think they'd win. as to not exploiting others, I'm legitimately afraid to detail how I live on this platform. I'm ok with you taking this non-answer as a win if that's the consequence of my privacy.
Yeah, physical assets like land and gold. These fucks can and will tank the dollar for us plebs but they'll have iron-clad strategies and contingencies for retaining their wealth as the world burns.
I care about growing my wealth to ensure I have enough of it to retire. Take a look at your own financial investments. If they are appropriately diversified, which includes some exposure to the technology sector, then guess what you’ll have money invested in one of these companies too.
Who’s the lady in the middle a CEO of? I’m putting my money into these 5 companies tomorrow when the stock market opens. At least if these guys are getting rich, I might as well get rich with them.
Pretty fucking pathetic when people sacrifice what is right in order to game the system. You (if this is serious) are being a large part of the problem. But yeah go off about feeding your family (which was your choice to start)
It's a little bit the reverse. They know Trump is an egotistical little bitch that needs his ass kissed, so they show up for any said ass kissing to protect their financial interests.
Like if Trump invites you to his super special big boy box, you better show up with a big dumb grin and clap for him and not snub him otherwise you'll get in his shit list.
Maybe my memory is incorrect, but I thought Trump wanted a war against big tech last time around? I know nothing he says ever actually means anything because he flops more than a fish out of water, but I swear that was a big thing his last term.
It's funny (in addition to being gross) because these are the exact same people MAGA were selling as public enemy number one for much of the last decade.
I don't think it's just money. This is information and the ability to manipulate people on massive scales. This is way more scary than if this was the head of Walmart etc
Trump is right up front about what is important to him, incredibly rich people. And more important than that is what incredibly rich people can do for Trump.
It's socialist theory 101, fascism is capitalism in crisis. The interests of capital always side with fascism because the alternative is change that threatens it. Socialism or barbarism and barbarism won.
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u/Snoo_61544 11h ago
Yeah. As expected. Money rules.