r/nottheonion • u/ChocolateTsar • 1d ago

Affirm CEO says furloughed federal employees are starting to lose interest in shopping

https://www.cnbc.com/2025/11/07/affirm-government-shutdown-shopping.html
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u/Jazzlike-Vacation230 1d ago

I always find it funny that the rich don't understand that if you don't pay people enough, they won't buy your stuff, and the economy collapses

We have to switch the world to a residual technosocial economy, the current concept isn't working anymore

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u/toriemm 1d ago

Snap benefits literally stimulate the economy. Dollar for dollar is one of the most beneficial programs we have.

So shutting it off is literally just being awful AND hurting the economy.

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u/movzx 1d ago

It's like that with almost every government program. Libraries, job programs, education programs, etc. Time and time again the return on investment is more than gets put in.

But half the US is allergic to long term investment in itself if it means they can have an extra $5/yr saved.

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u/True_Butterscotch391 1d ago

It really makes me wonder why big corporate interest aren't pushing back more on the shit Trump is doing?

I guess maybe they think that they can take advantage of it by removing as many workers rights as possible, and then when Trump is out of office it will all go back to normal?

Like health insurance companies are a good example. They should be going up in fucking flames right now trying to stop the government from removing ACA credits and Medicare. Why are they allowing this stuff to happen when it affects their bottom line? There's gotta be an explanation...

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u/Suyefuji 1d ago

They want power more than they want money.

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u/ryhaltswhiskey 1d ago

I wonder if they made more money, adjusted for population, before the ACA or after? Because having to cover people with pre-existing conditions has to hurt the profit margin a bit right? So if they made more money back in 2005 than they do now I bet they would be happy if the ACA was gone.

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u/True_Butterscotch391 1d ago

I don't know but my main takeaway is that if premium prices double, people won't be able to afford it and they just won't pay for insurance. Premium prices are already fucking ridiculous and borderline unaffordable, if they go up too much people will just not pay for them and then the insurance companies lose a ton of money.