[quote=flu]Not completely true. For example, plenty of investment capital chasing startups and new tech, and yes jobs…So long as the economy is in a growth mindset. That, however, would change, if folks get their wish and the system collapses. [/quote]I’m not sure if that will change. Rich people don’t get rich by sitting on their cash and let inflation erode their holding. Imagine if they do that, economic goes into a tail spin, government step in and pumping in tons of $, which then cause a spike in inflation. All the while, more people will be on welfare, which will then cause a much bigger burden on the government. Less middle class and more poor which means they need to get $ from somewhere. Maybe they will start taxing wealth + increase the taxes. If it gets worse enough, the communist part will rise and start confiscating wealth from the wealthy to take care of the poor. This has happened in other countries in the past.
[quote=flu]Then of course, there’s the other mind set, for which some of the alt-right thinks everything is rigged, and everything is a conspiracy, at which point those, folks tend to just stick their money in their mattress (so to speak)…And yet complain about how their money isn’t growing. Some of these were the same ones thinking real estate prices in coastal CA was going to fall an additional 50+% after they already fell 30-35% in some cases….Go figure.[/quote]This is not just the alt-right thing, although I feel like this is an ad hominem attack. Which is un called for. Remember occupy wall street? BLM? People who bought into Elizabeth Warren’s message of Wall Street is evil. Same with the message that Bernie is preaching. All of these groups feel like the system is rigged against them. The common thread is, they’re struggling in this economy and the current economy is leaving them behind. These are the same type of people who voted for Brexit.
