Why do republicans think a depression will do us some good?

[JSt0rm]

like seriously. I keep seeing it among all the other trash comments and it hurts my brain trying to understand why they think a depression is good.

 

[Jhhnn]

It's a bullshit claim of moral superiority-

I'm sure it's easy to feel that way when you're astoundingly rich.

 

[FIVR]

Historically depressions favor the rich. Rich people don't rely on day-to-day changes in stock prices or commodities. Rich people don't pay rent. Rich people can afford to stock up and hedge against price hikes.

Conversely, the poor are completely screwed by these depression conditions. They go hungry, and thus have to rely on the "kindness" of whatever rich benefactor they can find. If they can't find one, too bad. Because the rich will cut the safety net right out from under the poor while they line their pockets and then use "charity" as a means of leverage when the going gets tough.


It's a scam that's probably as old as the country itself. We had similar conditions in the late 1890s and late 1920s. Now we have a verified moron as president, we should be in for something never before seen in terms of abuse of power. TL DR We're F'd

 

[glenn1]

like seriously. I keep seeing it among all the other trash comments and it hurts my brain trying to understand why they think a depression is good.

"Us" is the people who will buy your shit at pennies on the dollar.

 

[Jhhnn]

Historically depressions favor the rich. Rich people don't rely on day-to-day changes in stock prices or commodities. Rich people don't pay rent. Rich people can afford to stock up and hedge against price hikes.

Conversely, the poor are completely screwed by these depression conditions. They go hungry, and thus have to rely on the "kindness" of whatever rich benefactor they can find. If they can't find one, too bad. Because the rich will cut the safety net right out from under the poor while they line their pockets and then use "charity" as a means of leverage when the going gets tough.


It's a scam that's probably as old as the country itself. We had similar conditions in the late 1890s and late 1920s. Now we have a verified moron as president, we should be in for something never before seen in terms of abuse of power. TL DR We're F'd

The best time to be rich is when lots of other people are unexpectedly broke, busted & begging. That's when you can really put the bone to 'em.

 

[glenn1]

The best time to be rich is when lots of other people are unexpectedly broke, busted & begging. That's when you can really put the bone to 'em.

They "really put the bone" to themselves due to poor planning, decisions, and behaviors. When you drop out of school at 15 to sell drugs and have an illegitimate child honestly they deserve whatever boning life (or the rich) can give them.

 

[UberNeuman]

They "really put the bone" to themselves due to poor planning, decisions, and behaviors. When you drop out of school at 15 to sell drugs and have an illegitimate child honestly they deserve whatever boning life (or the rich) can give them.

yep, yes sir, that really sums up those poors. Each and everyone of them... Just the pure hate you have in you is quite sad...

 

[Mai72]

Historically depressions favor the rich. Rich people don't rely on day-to-day changes in stock prices or commodities. Rich people don't pay rent. Rich people can afford to stock up and hedge against price hikes.

Conversely, the poor are completely screwed by these depression conditions. They go hungry, and thus have to rely on the "kindness" of whatever rich benefactor they can find. If they can't find one, too bad. Because the rich will cut the safety net right out from under the poor while they line their pockets and then use "charity" as a means of leverage when the going gets tough.


It's a scam that's probably as old as the country itself. We had similar conditions in the late 1890s and late 1920s. Now we have a verified moron as president, we should be in for something never before seen in terms of abuse of power. TL DR We're F'd

You forgot to add the middle class in your paragraph. Unless you're rich, most Americans aren't going to be able to weather a depression. Look at the great recession of 2007-08. Unless you were super rich you got affected. I know people who had their retirement savings wiped out.

A good indicator on personal wealth is to do this test. How long could you live on your savings if you had no job? If you found yourself without work, how long could you go on your savings? 6 months? 1 year? 5 years? 20 years? Keeping the same lifestyle that you're currently enjoying.

The reality is most people live paycheck to paycheck. Or, they only have enough to last a few months.

 

[Sonikku]

Depressions are good for the rich in the sense that it allows them to buy up property, infrastructure, all kinds of things for pennies on the dollar now, then selling assets off when the market either improving or headed towards a bubble. You make your money during good economies and spend it during bad ones.

 

[compuwiz1]

Fortunately, I have no housing expense and no car payments. Just pay for basics, electric, phone, tv, etc. I would be well positioned to take advantage of desperation sales. That said, I wouldn't wish a depression on anyone. I have relatives who have lived through the last one and there was a lot of suffering.

 

[UglyCasanova]

like seriously. I keep seeing it among all the other trash comments and it hurts my brain trying to understand why they think a depression is good.

I guess some context for your thoughts would be helpful. If you're referring to Trump's talk of tariffs and trade wars I guess I'd chalk it up to the same well-intentioned but ultimately flawed thinking that Democrats exhibit when they crusade for $15/hour minimum and mandatory "living wages". In neither case are the ones making the arguments being honest with themselves (or they simply don't understand) the extent of the economic consequences of what they're arguing for.