If you have wealth you can easily fabricate tax returns and revenue records for a phony LLC/Partnership/C-corp and get a business line of credit. Max that fucker and pay off your house and put all your assets in your kids name. Fraud is much easier than most people think but it’s even easier when you have money.
Apparently the average consumer was still spending like it was mardi gras every goddamn day in 2022 and 2023 b/c business is only starting to slow down. I had to pick up like 3 jobs at one point in 2023 while ppl were spending like no tomorrow, like wtf?
Silicon Valley has, unequivocally, been an enormous value add to the US economy. We are far wealthier and more prosperous than we otherwise would be without it. Hands down, we're far better off than other large and dynamic economies in the West who didn't benefit from a technology boom.
Our problem is that through a combination of special interest tax giveaways (corporate and individual), special interest offshore incentives and special interest union decimation that wealth has accrued at the top America's c-suite. NAFTA and the 2000 U.S.-China Relations Act destroyed our middle class.
That's what's so unfortunate about Trump. He's not wrong about offshoring. But he just cares about chasing a headline, throwing out a big number divorced from reality and slapping tariffs on whatever country won't go along with his nonsense that day.
Business interests will always find cheap labor elsewhere and look to sell back into America's wealthy economy to juice their net margin. Businesses should be burdened with greater tariffs, taxes, regulations whatever if they're going to pump cheap shit from wherever they can find the best bargain into our economy. But, unfortunately, Trump seems to be the only one who believes in it and all he cares about is the chryon running along cable news. Perhaps one day the US will have a coherent and fair trade policy.
Trump is right about a lot of economic policy. Then when it's time to execute he pulls a Karl Wallenda.
When you build and sell a couple hundred million dollars of any product, your competitors tend to notice and instead of recruiters you get “head hunters” with C-level engagement. I’m not special - this probably true for any industry.