I’ve read about the theories that the goal of the billionaires in power are intentionally trying to bankrupt the economy and its people in order to take over more control of businesses and property, etc. (I know that’s a bad summary).
How exactly is that supposed to work? If no one below them has any money to spend, how will they continue to make money off of those people?
I can’t wrap my head around how that plan is a good one. Can anyone explain?
Comments
That’s a conspiracy theory. That’s why it doesn’t make sense.
You can’t wrap your head around how it is a good plan for one simple reason – it isn’t.
Just because you are rich does not mean that you are smart.
They don’t explicitly want to make poor people poorer; they just want the money. There are billions of dollars flowing through social security to folks who desperately need it. Uber wealthy people would like those billions.
Also, desperate people will do more work for less money. In the end it’s not about the money, it’s about getting every whim satisfied and having power over others.
There are at least some business owners that think people don’t work because of ssa, Medicaid, snap etc and that cutting these programs will force more people into the workforce. So it’s not that they want to make people poorer, it’s that they want to make poor people have to work to exist. This, in their eyes, will increase the worker pool which will drive down wages.
the richer they become the more new and poorer there will be, money just move
There’s a conceptual misunderstanding in your question. “Money” is just a number, you do not need “money”, nobody does. What you want is power, and ability to get goods and services.
Now, forgetting the concept of money entirely, being “poor” means you have to work your ass off and get little in return. Being “rich” means you do not do shit and get every wish fulfilled.
The way those two work together is pretty simple – poor people working for what rich people want, and not for what they want/need themselves.
To give exact example – you wouldn’t be farming good produce for everyone. Instead – you would farm it only for the rich, and shitty full of antibiotics and chemicals produce for the poor – enough to keep them alive. Rest of poor people would be working on whatever project the rich find exciting, like building a pyramid or creating a space program to fly to Mars, or digging enormous underground tunnels between cities.
Now there are different ways to achieve that, a pretty common one in the past is slavery. Nowadays, you can push people to earn less money in whatever ways, and thus shifting their employment priority to whatever YOU desire.
there is still a lot of wealth spread throughout the waning middle class. crashing the economy allows the ultra rich to consolidate more wealth by purchasing company shares and properties for pennies on the dollar, and on a scale unimaginable to normal folks.
economies always rebalance and recover; people need to purchase goods and services to survive, no recession or even depression will last forever. but the imbalance created by those in position to take advantage of it does–as evidenced by the exponential widening of the gap between the poor, normal, and ultra-rich.
Their end game is so much generational wealth that they won’t have to ever worry about that. Once you have enough money that money is what makes you more money.
Tariffs.
People will go into deeper debt buying on more credit. Why don’t think DoorDash is teaming up with the payment installment company Kharna? Who thinking about paying for their Taco Bell order in installments? It’s a way to up prices, give people installment options so it appears cheaper then get them more in debt
Billionaires are stupid, and only care about short-term gains and right-now gratification. It’s almost a requirement.
People aren’t explaining this properly. Billionaires have enough assets that losing a large amount in a crash doesn’t affect them. But when the market crashes, normal people with stock investments have no alternative but to pull that money so they can survive. Also, small businesses cant pay loans and go out of business.
Thats where the billionaires come in. If they pull assets early on and sit on liquid assets, even if I start with 20 billion, losing 50% of my capital still leaves me 10 billion, which is more than enough to basically do anything I want. So what then happens is that billionaires can just use the assets they were sitting on either as liquid or leveraging their other assets (which is how Elon bought twitter) to buy assets in the collapsed market for dirt cheap. Once they start going all in, the stocks begin to recover and after at most 10 or so years they will have reached their peak again. All said and done, they will now own way more than they did before the collapse.
Basically, other people lose money and the billionaires buy their things off them for cheap then wait 10 years and sell them back to you for 100x the cost. This is because recession is the opposite of inflation. During a recession, everything is worth less. Which means small businesses who can’t pay their employees or maintain profit margins get bought out by massive corporations who layoff most of the workers and recoup profits once the economy recovers.
Ok, so if regular folks get poorer, that means that (1) the money in circulation is being gathered by a few individuals and removed from circulation by them making more than they spend, and (2) that since most people will have less money to spend the value of the individual unit of money will increase, was also increasing the value of the money that they have stockpiled, or more realistically decreasing the pace of inflation, that’s my take at least.
They don’t want to make them too poor. They want to put them right on the edge so they can’t better themselves. They want all people right at their breaking point. Right now the middle class can climb up some and they don’t like that.
Obviously they don’t.
They want stupid people dead or infertile, and everyone else poor, I believe at least. Not universally, but as far as the most pragmatic perspectives.
What they want to do is privatize a lot of the services and they’ll make money that way. So for example if you privatize the postal service you can charge all of America to deliver the mail instead of it being a government service.
Also, if you allow companies access to social security they can make money handling the SS investment accounts.
I think you watch to many movies…
Government regulations. People are required to spend what little money they have on things like health insurance, vehicle registration fees, taxes of course, utilities. The prices on those things just keep increasing.
The rich want to get the poor to the point where they have to work to survive. They want the poor to be paid in allotted food and fixed incomes.
Their real goal (and I’m not talking about all of them, it’s not like they are a hive mind) is typically to push for taxes and regulations that create a barrier to entry for any company coming up to compete with them. That’s why the biggest corporations and richest people typically fund the politicians who want stricter regulations and higher taxes. The people already at the top have lawyers and accountants who can dodge those things, or already have the money to pay for it. It’s their lower level competitors that really get harmed by these things.
Many in the wealthier demographics think people will work as slaves to make sure the rich get fed or otherwise catered to. They really don’t understand that people have limits to the abuse they will take. At some point, the pot boils over.
That question is way too smart for here 🧐
There is ALWAYS money to be made from exploiting the poor. The poor never have zero money. They will always desperately work for their needs, or beg for scraps (surprisingly lucrative), or gain income from public programs.
The rich strategy is to take a margin of this small amount of money, but multiplied by millions of poor people.
The margins on things that poor people buy that go to business owners or capital are much higher than what other people pay. Some examples are banking fees, check cashing fees, the higher markup on groceries in low income areas, and even things like higher utility costs from living in places with poorer insulation.
This is what people mean when they say it’s expensive to be poor. That extra money they pay is what makes rich people richer.
The idea is to dump a huge number of ex government workers into the job market. At the same time they are driving out the migrant laborers. That opens positions at the very bottom of the job market. Combined with elimination of the social safety net, people will be driven to take those jobs or starve. The net result is to drive down the cost of labor at all levels of employment, saving the hiring classes a fortune but leaving just enough money in circulation to keep them buying necessities, bare necessities. The remaining wealth can be used in investment gambling and offensive military operations to steal resources around the world. The obvious conclusion is the wealth class will compete for world dominance with wealthy elite forced to kiss the ring of the emperor. Each of them ofc sees themselves as that emperor and their rivals doing the ring kissing. That this destroys the wealth of the world is of no consequence since they will continue to exist in the highest standard of luxury.
If they truly wanted to make the poor poorer, they would make drugs and liquor free and watch as the chaos commence while they can stay safe with their personal entourage of body guards to protect them.
If you’re rich enough you don’t need more money to support your lifestyle indefinitely.
You lend money to poor people. Not sustainable but it does allow the rich to squeeze more money out of the poor.
They don’t need to actually make more money than they do now, they just need to make more money than they do now compared to the average person.
It doesn’t materially improve someone’s standard of living having $10B or $100B, but it vastly increases their influence over everyone else’s lives. If someone has $10B in a $1T economy, they are 2.5x more influential than having $100B in a $25T economy.
So if they “spend” 90% of their wealth crashing the economy so they are 2.5x more powerful, it’s a great ROI.
If they have all the money, they don’t need to sell us anything anymore. Money isn’t the end goal, power is. If they own everything and rent it to us, they have the power.
Because it’s not their plan, people on Reddit are just idiots
First, money isn’t actually real. It’s whatever they say it is.What counts for money has changed countless times throughout human history. There is no immutable law of the universe that says it will stay as it is now either.
Second, they only need money to buy things. They don’t need to buy things if robots make them. They only need service the robots and acquire the raw materials.
In America you already have a privatised prison service which supplies cheap physical labour. Expect expansion.
And finally, people will work for whatever they need to survive. And if they own the means of production the way they used to, there’s your answer.
Oh, and if you’re wondering about the poorest? They will have reduced access to social care and eventually die. To the ultra rich, it’s just statistics and measures of profit.
Slavery.
If you don’t pay people to make your products you have way less expenses and maximum profit.
America has voted for slavery. Guess the Confederacy did win.
Your question seems to focus on money. Money is just a tool, like a wrench or a hammer. That’s all it is. The rich don’t want money per se, the money is just a tool to generate power. A little money is a small wrench. More money is a big wrench. More money is a breaker bar. The more you have, the more work you can get done on your behalf with less effort.
Working poor and many middle class people have a relationship with money that goes like this: “I work for my money.” That means they are the servant, and money is their master. Rich people have a relationship with money that is “my money works for me.” That means they are the master, and money is their servant. It has never been easier for ANYONE of any financial situation to begin translating their relationship with money from the former to the latter, but it requires personal sacrifice on a level that we are trained VERY DILIGENTLY to not do, instead being trained up to exist in an endless cycle of WORK -> CONSUME -> WORK -> CONSUME. That’s the goal, then. Not to make the common idiots so poor they can’t consume, but just poor enough and just rich enough that they can do no more than work and consume, never breaking out of relationship of being a slave the money.
They want to bankrupt other rich people. They would rather be the big dog in a trash heap than a smaller big dog in the wealthiest country in the world.
My personal opinion is that the billionaires want to privatize any of the government programs they can. They will then own the company’s that run things. So instead of paying $0.79 for a stamp to the US government, you are paying a company owned by a billionaire. They are not trying to make us poor but trying to get our money instead of the government getting it.
It’s kind of a dumb conspiracy theory. I think more likely they thought the current administration would be useful idiots but are at least able to withstand the lows better than the rest so it’s still worth it for the tax cuts.
Look up the term “company town”. Eventually we’ll just be beholden to have to work for them because we owe them so much money for assets they own outright. They’re literally turning our country into one big subscription service.