Recessions allow the wealthy to consolidate and expand their wealth.

He’s going to force a huge recession so he, and all of his billionaire friends, can buy up failing companies, consolidate them, and make even more money when the economy gets recovered by someone who actually knows what they’re doing.

Enjoy the last few months of being able to afford anything.

I do do traditional man things: woodworking, maintenance on the family vehicles, and I’ve been thinking of getting into machining as a hobby because I have a lot of hand-me-down yard equipment that’s showing its age and I might need to start making my own parts because eBay is looking kind of barren.

Anyway, none of these activities have ever made me feel “manly” I never understood what that means. I feel like myself doing either something I enjoy, or something that needs to be done. My wife always says that she likes that she married such a manly guy who can fix all this stuff and make furniture, but anyone with functioning hands and a brain can do this stuff, it’s not exactly hard. Having a penis doesn’t make you an expert carpenter or mediocre mechanic, working with wood and old engines does that.

I think there needs to be a heavier tax on short term investment. This would disincentivize quarterly returns over multi year returns, and make investors prioritize longer term planning.

Right now you only pay taxes on stocks based on what you cash out every year, I think the length of an investment should ease its tax burden. Hold a stock for 1 year, you pay a high percentage when you sell. Hold it for years and that percentage drops every year until you hit a minimum. I think a 5 to 10 year period before it hits the tax minimum would be good for encouraging longer term investment.

It would also shift the focus away from companies being increasingly profitable over short terms periods. That’s simply not how any business works, and it’s ridiculous that it’s become the norm to expect that. It gives companies a chance to have bad quarters and years, without as much fear that their investment will dry up overnight.