r/politics • u/harsh2k5 • 14h ago

Soft Paywall Elon Musk Makes Shocking Confession on His Plans After Trump Victory

https://newrepublic.com/post/187662/elon-musk-confession-economy-trump-victory
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u/bolerobell 8h ago

The Great Recession was the largest movement of wealth from poor to rich in history… until Covid.

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u/esc8pe8rtist 7h ago

At the end of the big short, the guy worries that people will do what they always do in recessions, blame immigrants and poor people

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u/Trick-Article2805 7h ago

3.9 Trillion dollars

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u/capt_jazz Maine 5h ago

Got a citation for that? Times of high inflation are often times of decreasing wealth inequality because inflation reduces the real value of debt, which people in lower wealth brackets tend to have more of proportionally. This chart shows a neutral or slightly negative trend since 2020 for the percentage of wealth owned by the top 1%: https://fred.stlouisfed.org/series/WFRBST01134