Graham wrote on X: “Unless your dollar-denominated net worth has increased by at least 11% this year, you’ve become poorer. The dollar has decreased about 10% in value since Trump took office.”
US Dollar Down 10% Since Trump Took Office — Paul Graham Warns 'You've Become Poorer' Without 11% Net Worth Gain
Submitted 3 days ago by cm0002@lemmy.world to economics@lemmy.world
https://finance.yahoo.com/news/us-dollar-down-10-since-013110671.html
Comments
MedicPigBabySaver@lemmy.world 3 days ago
homesweethomeMrL@lemmy.world 3 days ago
What, trade wars are easy to win. I read it in the Epstein files that don’t exist.
Rentlar@lemmy.ca 3 days ago
Damn… might be as close to a 10% US wealth tax as we’ll get for now (unless your wealth is in CHF-denomination).
shortwavesurfer@lemmy.zip 3 days ago
Okay, I think my 45 qualifies, because 45 minus 11 is still 35% up.