this post was submitted on 13 Sep 2023
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Politicians from both sides, and US left-wing icon Alexandria Ocasio-Cortez, have slammed billionaire Tim Gurner’s comments about unemployment needing to rise.

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[–] [email protected] 22 points 1 year ago* (last edited 1 year ago) (4 children)

For those who haven't seen it: https://www.rawstory.com/tim-gurner-video/

This guy really, really needs to learn what the internet can do to the reputation of those who deserve it.

He literally says the rich class needs to "hurt the economy" on purpose. Economic terrorism.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

So… your saying… we should unleash Reddit and the chanz….

And watch as everything burns in flames?

[–] [email protected] 2 points 1 year ago

I suppose he could put his money where his mouth is and start cutting his own employees to teach us all a lesson.

[–] [email protected] 20 points 1 year ago (1 children)
[–] [email protected] -4 points 1 year ago (1 children)

You can behead the king or members of an aristocracy who's source of wealth and power are stiuated in one coutry, but how do you want to manage that with a billionaire whose wealth is spread all over the world? He will just move to a friendlier country.

[–] [email protected] 4 points 1 year ago

Unemployment is something they attacked Biden for so it does seem hypocritical. Workers are needed.

[–] [email protected] 1 points 1 year ago (1 children)

But at the same time they're encouraging the loss of jobs to bring down inflation. Everyone likes to talk about interest rate rises cooling inflation but they never mention that the cooling effect is largely a function of lost employment.

[–] [email protected] 2 points 1 year ago

That's not specifically how it works. Rate hikes discourage M&A, Capex in general, and new business launches. Jobs aren't necessarily lost.

For instance, with all our rate hikes in the US, we're still adding jobs on net every month, but inflation is falling.

[–] [email protected] -2 points 1 year ago

Pot. Cattle. Black.