this post was submitted on 07 Apr 2025
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[–] notsure@fedia.io 17 points 14 hours ago (3 children)

....this only affects wealthy people, so the effects won't rage down upon the lower classes? correct? if not obvious /S

[–] BestBouclettes@jlai.lu 49 points 14 hours ago (2 children)

That's the great thing about trickle down economics, when it goes up, they get richer and we get poorer. When it goes down, we get poorer and they get richer !

[–] darthsid@lemmy.world 1 points 1 hour ago

When it goes down we lose our jobs!

[–] neidu3@sh.itjust.works 6 points 13 hours ago* (last edited 13 hours ago)

Market swings only benefit those with capital to deploy on the right side of the bet. The rest get shafted either way.

[–] Ziggurat@jlai.lu 6 points 13 hours ago (1 children)

At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won't see their safety netand retirement money collapsing, sure loosing let's say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)

We're also kinda lucky, The US adding tariff means that we'll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne's wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.

Don't get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn't that bad.

[–] notsure@fedia.io 1 points 10 hours ago

so, as a human being, you approve of the suffering of others to learn a lesson?

[–] HK65@sopuli.xyz 5 points 12 hours ago (1 children)

Less direct effects, people are not forced to retire off the stock market and layoffs are very regulated here.

So it's going to be bad but not like the US.

[–] notsure@fedia.io 1 points 10 hours ago (1 children)
[–] jaybone@lemmy.zip 1 points 7 hours ago (1 children)
[–] notsure@fedia.io 1 points 5 hours ago

as the plane flies over your head, do you say what was that?