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by PebblesHD 120 days ago
I’m very interested to watch (not as much to experience…) what this will do to economies like Australia where the middle class and up are driving a shockingly large percentage of actual spending in the economy. If the historically wealthy white-collar classes ceased to be able to afford their mortgages and rent, stopped buying discretionary items, and stopped eating out, I think the economy as a whole would just stop.

If I was one of these pseudo-oligarchy members, I would be a lot more worried about a large percent of the population becoming disaffected and angry.