this post was submitted on 24 Apr 2025
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politics

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Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.

Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.

Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.

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[–] [email protected] 1 points 1 week ago (14 children)

I’m wondering what makes you think that becoming rich automatically makes you a parasite. No doubt many are, but even as a Linux user it’s hard to see for example Bill Gates as a parasite. Or Warren Buffett for that matter, despite his flaws.

[–] [email protected] 13 points 1 week ago (10 children)

I mean, we can somewhat argue about millionaires, but Billionaires? No way anyone EARNED that much.

[–] [email protected] 1 points 1 week ago (9 children)

I get your point but I don’t think that’s equates to being a bad person. At least the two folks I mentioned as examples are doing major philanthropy with their funds and I don’t think not earning the money is a bit different than just straight up calling them parasites. It’s a systemic issue that we as a society need to work on together rather than all the hate and division that has driven a lot of countries to populism.

[–] [email protected] 7 points 1 week ago (1 children)

The change handed out by billionaires as philanthropy is PR to keep them from paying their fair share in taxes. Calling them a parasite class is completely accurate— they couldn't have earned that much wealth without exploiting both the laborers who created it and the society that their extreme horde inherently destabilizes. If they paid their fair share in taxes, then their donations would be appreciated.

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

I think it would be pretty naive to think the US government would spend it any better.

[–] [email protected] 2 points 1 week ago* (last edited 1 week ago)

I think it's pretty naïve to think that oligarchs are benevolent, and at least we have a say on how government money gets spent.

What we have now is billionaires rigging the system in their favor; like I said, that kind of wealth disparity is inherently destabilizing to society, and they accumulated it through exploitation.

Finally, if the people could spend the money better than the government, why do we have taxes at all? It's because there are things that we need to address as a society instead of relying on charity that may or may not come.

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