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Canada Ditches U.S. Defense for $1.25 Trillion EU Pact
(www.dagens.com)
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this post was submitted on 30 May 2025
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politics
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Thats the thing on this one. No billionaires are even winning with this. Many multi-millionaries or close to billionaires are losing on this too. I could understand (but be angry) if this was more billionaire grift, but no one wins from this except possibly the EU defense industry.
Yes they are winning because they already fucking won by having billions of dollars. Their goal is to widen the wealth gap as much as possible. Then us poors are unable to fight back when they unleash mercenaries on us
How would the rich in the USA losing billions of dollars of defense spending widen the gap? The story works against what you're saying because the USA rich are less rich with Canada's actions here. Thats what doesn't make sense.
The goal for them isn't to have the most money relative to you, it is to make you have no money and be in utter desperation. Then any kind of work that feeds you and your family will be acceptable. Any orders from a billionaire will be followed out of sheer terror of starvation or torture or whatever else the billionaires intend to use as coercion.
When the stocks crash, the mega-wealthy can buy up as much as possible. This is what happened after 2008 and 2020.
People with less than a billion dollars always suffer in market crashes while the mega-wealthy run out the back with all the money.
"Socialize the losses, privatize the gains."
Not to mention Trump personally gains from all the bribes he takes. There's a reason all those CEOs gave Trump a million dollars each before the inauguration.
When things are going well, billionaires make lots of money but people who are comfortable pick and choose what they are willing to sell. They have income so want to hold on to their assets while they pay their expenses using that income. They can also commit to financial obligations while being confident their income will cover it.
When things aren't going so well, income can fall and force people to sell assets to cover their expenses. And those financial obligations can end up underwater, forcing them to give up assets.
At the end of the day, wealth isn't money. That's just the vehicle used to access wealth. Real wealth is things like property ownership, means of production, the resources to feed that production, food and fuel to keep it all going, weapons to protect yours and attack others', followers to do your bidding (that generally need to be paid in access to the others).