this post was submitted on 31 Mar 2025
56 points (98.3% liked)

politics

22612 readers
4533 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
top 10 comments
sorted by: hot top controversial new old
[–] [email protected] 20 points 2 days ago (2 children)

Lol, okay.

I am in the top 2% of household income distribution. Yes, we’ll buy pizzas and wings and shit like that. My wife still buys farm produce, and that’s cool. But most discretionary spending is on hold in my house. I don’t know if my employer will exist in 6 months.

I was planning on shopping for a new house a few months ago. Figured we could afford an upgrade. Nah, fuck it. I’m cool living a modest lifestyle and reevaluating over the coming years.

I sold $1mm in stocks over the last 2 weeks.

Trump is gonna fucking tank everything.

[–] [email protected] 5 points 2 days ago (1 children)

I sold $1mm in stocks over the last 2 weeks.

That must have been a really hard decision especially to incur the likely $100k+ of capital gains taxes.

[–] [email protected] -2 points 2 days ago

Nah. I have a ton of AMT credits. And some of this was tax sheltered.

[–] [email protected] 3 points 2 days ago (1 children)

Are you just holding that in cash now? That's gonna devalue even faster. Get that shit diversified in world markets - you'll at worst lose money more slowly.

[–] [email protected] 5 points 2 days ago (1 children)

You’re kidding yourself if you think there’s safe harbor other than buying when everyone else sells.

Or, don’t take it from me, watch what Warren Buffet does.

[–] [email protected] 2 points 2 days ago (1 children)

Consider it this way: you are now wholly invested in USD on the forex market.

[–] [email protected] 0 points 2 days ago (1 children)

And you’d rather invest in what?

[–] [email protected] 1 points 2 days ago (1 children)

Go back and read my first comment, or we're just gonna go around in circles.

[–] [email protected] 0 points 2 days ago (1 children)

Point is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.

[–] [email protected] 0 points 2 days ago* (last edited 2 days ago)

I'm not claiming it's a safe harbor, just that it's observably tanking less quickly than the US due to the obvious buffer.

If you were truly assuming "no safe harbor," would you be holding devaluing currency?