It’ll hurt the S&P500, sure. Far less clear how it’d benefit the working class, tho. Like, how does that work? You’d expect a decline in economic activity (ie f

It’ll hurt the S&P500, sure. Far less clear how it’d benefit the working class, tho. Like, how does that work? You’d expect a decline in economic activity (ie fewer jobs, and lower or negative wage growth for what jobs do exist), and an increase in prices. That doesn’t help anyone much except _arguably_ the predatory super-rich (who can buy stuff up cheap), but even then it’s not a clear win for them either.