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Comment by mostertoaster | Hacker News Reader

The reason Trump won was because “the economy is doing great since Joe Biden”, meant the billionaires tripled their wealth as mega corporations went from less than a trillion market cap to more than 3 trillion, while me and millions others fixed salaries went up 5% if you were fortunate.

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Biden governed far too much as a center-right President, I agree. Meanwhile Trump had those same billionaires with front row seats at his coronation. So the situation will continue to get much worse.

But all of this has nothing to do with the debt.

Those billionaires didn’t choose to inflate the money supply. I have no issue with them having assets that go up in value. That just doesn’t mean the economy is doing great. The point is there is way too much spending, and this includes Trump, yet it seems like they really are trying to make a dent in our federal spending, and Musk going in and looking at USAID, is quite awesome. Trumps net worth actually went down from being in office, and so far so has Elon’s, so I ain’t worried.

I don’t see how that’s relevant to the macro economics discussion, and I don’t see how Trumps tax cuts for billionaires are going to help you in any way.

If you don't see how that's relevant to the macro economics discussion, i don't see how the macro economics discussion is relevant.

We're sending in the young guns to save on government spending because trump won partly on "Biden ruined the economy". The government spending leads to the increase of government debt. Or is the debt coming from a separate source?

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