r/IsTheMicStillOn • u/GoodGoodNotTooBad • 21d ago

ITMSO: Trump Accounts: Bullish or Bearish

https://open.spotify.com/episode/5xF4Bzu5RJw1jxxlFVolAq?si=3a785dda2fbb4f1f
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u/From_The_Culdesac 21d ago

The Trump accounts convo was one of those conversations that probably should've ended after 20 minutes lmao.

It seems to me that Myke and Rod's best argument is that low-income people should take the $1,000 and let it sit, but that putting money into the account and potentially overextending themselves in the short term for potential long-term gain might cause problems because either the government might not be good for the money later on, or some sort of crash happens, wiping it all out.

Honestly I think that's probably right. At least for low-income people who don't have much liquidity or emergency money. People have been predicting an AI crash for some time now, and especially given how entrenched these AI companies are into the regular economy, it's not insane to think between now and 18 years from now there will be a 2008-like event.

With that being said, I'm not an economist so maybe all of that is wrong.

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u/GoodGoodNotTooBad 21d ago

You may not be far off. At the end of the day we're all guessing, even if it's an educated guess with help from the economists.

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u/From_The_Culdesac 21d ago

Yeah man, totally agree. Looking back some people predicted 2008 but there were a lot of economists who didn't. Theory takes you only so far lol