Since there are only about 800 billionaires in the USA, & the top richest 1% (way more that 800) own over 50% of American wealth, and since the past two days wiped out over $6.5trill, I'm gonna say that the top richest 500, losing only $½trill, barely got dinged in this bloodbath. We got punked!
Intentionally crashing the economy so oligarchs can buy it cheap is high crimes and misdemeanors, an impeachable offense. Democrats should draw articles of impeachment for when they take back power in 2026.
Sadly, the regular people have lost even more in terms of impacts on their lives. The billionaires live on moving money around and having money overseas. It’s all fictitious capital to them that doesn’t impact their monthly costs.
Comments
*if* they sold their stocks - they'd have actual loss
A figure ascends from the bubbles clad in full SCUBA attire.
Lauren: That's fuckin' right, Margot.