They should be grateful their heads are still attached.
this post was submitted on 11 Mar 2025
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I'm sure they still have plenty of liquid assets to scoop up discounted stocks. Tax cuts will save conglomerates money, which they'll use for stock buybacks to inflate the worth of their stocks, which had already been picked up by the billionaires. This will reinflate their net worth.
Plus, and I don't know how or when this would be involved in the calculation of their net worth, but they're probably shorting stocks with insider info passed around Mar-a-Lago. Just a guess.
They'll be fine. The rest of us will continue to be screwed even harder. Fuck them billionaires.
As Kendrick Lamar would say “it’s not enough”
Billionaires remembering why they were supporting the covert right winger Democrats instead of the Republicans. Because a veneer of illusion is needed to keep their empire running.
Ridiculous how some people pander, especially the press, to the billionaire set.
When they have a downturn in net worth people say they “lost” money, or are “poorer” even though they’re still worth billions.
But when they’re making money hand over fist, millions of dollars daily, people act like that money doesn’t exist. “Oh, it’s tied up in investments, you can’t tax it…It’s not income! It’s not in their bank account.”
Always the poor billionaires; perpetually simultaneously unable to touch their money, complaining when they lose money they ”don’t have,” and living like billionaires with all the conspicuous consumption that goes with it.
Couldn't have happened to a better group of guillotine dodgers.
Good. Since they drive their wealth from using the value of their stocks as leverage to get loans, having these stocks collapse will not only make their loans smaller (not sure by how much), but they will have to pay using more of their dividends than what they expected
In short, they will get less money and it will cost them more to pay it back.
lol
When someone has this much money, it doesn't matter if they buy the presidency, buy the media, buy the means to live, buy people's rights... It doesn't matter. They will never get the respect and love they desperately seek like all humans do. They will never love themselves until they understand that their wealth isn't earned and they aren't special. We don't consider ourselves better than anyone as a human and then not get depressed and lonely. It's not difficult for us to accept kinship with all humans, but almost impossible for them.
and the American retirees who depend on their savings lost trillions to these idiots. A majority of those retirees voted conservative, but I feel bad for the ones who didnt.
As you get closer to retirement, the usual strategy is to shift from a stock-heavy portfolio to something less volatile. The retirees getting burned are the ones who were too ignorant or greedy to do that.
Whisper it in my ear
^^they ^^lost ^^$209 ^^billion
🥵 That's hot. Not nearly enough, but still great news
Daily Reminder:
THERE'S THREE AND A HALF YEARS TO GO. THEY'RE PLAYING THE LONG GAME.
THEY AREN'T UPSET. THEY'RE GETTING EVERYTHING THEY WANT.
Rookie numbers. Needs more.
Oh ok, that’s sad, let me shed a few tears here before I go back to be exploited by the rich 😹😹😹😹😹😹😹😹
Noice!
They like the stock market going down, since it'll eventually go back up and meanwhile they still have billions available to buy up a lot more stock on the cheap while it's down.
How do you screw both the rich and poor at the same time?
The rich didnt lost any money, their stock is just lower than in january, but still higher than last year. And it can still get up.
The poor have to cope with higher prices of basic goods, which never comes down.
Only poors are screwed until they eat the leech
Sheer incompetence. Whenever he says "I'm the only one who can..." I hear "I have no fucking clue how to even begin doing this".
proof they're not geniuses
These are the same billionaires that donated millions to the inauguration. How's that RoI on bribery going techbros?
Good let’s make it another 200 billion EACH and even then that won’t be enough as they’ll all still have hundreds of billions of dollars which is absolutely insane
Unfortunately our own pensions and such are also getting wiped out by the same forces. And with less access to insider information.
They would become weak enough for us to start curbstomping
That's not enough
The Top 10 Richest Americans have a combined wealth total of $1,548 TRILLION.
$209 billion is only ~~0.13%~~ 13.5% of the of Top 10.
We need to get those numbers higher.
Edit: I suck at math, as it was pointed out to me
You seem to have forgotten to multiply by 100 after you divided 209 by 1,548.
209 is 13.5% of 1,548, not 0.13%.
Edit: It is a bit disturbing how many people upvote things without making even the most basic sanity check.
🔪🔪🔪🔪🔪🔪🔪🔪🔪
That doesn't stack up, Musk is the richest, currently worth $324Bn - they can't be worth more than $3.24Tn combined.
I think they replaced the period with a comma.
The %s are all out of whack too, it's more like 13%, which, while not enough, is a lot more than 0.13%.
For sure, Google tells me there's only 21.2T USD in circulation.
It's a relatively small price to pay for the power they gained, and most of the losses are elons anyway
We need to keep pumping those numbers up