The billionaires who supported Trump just to see the economy crash shouldn’t just have to feel personally betrayed about it. They should have to experience an actual decrease in their quality of life like ordinary people do through no fault of their own when this happens - ThreadSky

kattenbarge.bsky.social • 8 days ago

The billionaires who supported Trump just to see the economy crash shouldn’t just have to feel personally betrayed about it. They should have to experience an actual decrease in their quality of life like ordinary people do through no fault of their own when this happens

Comments

daversg.bsky.social•8 days ago

But the thing is

While some on the right are fooled to thinking a drop means the average American will be able to afford stock. For every 3-4 shares of let’s say Apple they can buy, a billionaire is buying 10,000 shares and the wealth gap grows with their retirement funds wiped out

pfalcon.bsky.social•8 days ago

If only it actually affected them ... 🤬

kattenbarge.bsky.social•8 days ago

Part of the problem with the billionaire class and the ultra wealthy elite is they rarely ever have to give up their ultra privileged way of life, even if they fail spectacularly. Trump himself is the perfect example

jonsteinman.bsky.social•8 days ago

Make Moral Hazard Great Again

jeffwave.bsky.social•7 days ago

They never have hardship, that’s for sure. It’s amazing what that orange man got away with. I kept thinking, This is it, they got him! And now he’s once again the most powerful man on the planet (at the same time being a complete idiot).

lbrass3.bsky.social•8 days ago

Exactly this. We can giggle about how so and so’s company lost so many billions yesterday, but at the end of the day the only thing feeling that is their ego. Nothing substantial about their day to day changes.

andylol.bsky.social•8 days ago

Privatized profits and socialized losses

thebystander99.bsky.social•8 days ago

Totally—there was such major change after the Depression not just because it was so severe, but because millionaires lost everything too, and regulation became acceptable. But it’s been a 100 years now, and if these people can’t remember 2007, they’re unfortunately not thinking about 1929 either.

reluctantranger.bsky.social•8 days ago

It’s not enough

zanfr.bsky.social•8 days ago

yep; this is why we should just... make billionaires (and high ranking millionaires) obsolete... I'm not exactly certain how but imho they are really parasitic to society.

jo3-momma.bsky.social•8 days ago

Billionaires LOVE stock crashes, especially when it’s predictable

1. Bet against the market on a predetermined day (Liberation Day)

2. Create a crash (tariffs) & convince normies to NOT SELL, at first (need stocks at LOWEST)

3. Buy back at fire sale prices

Double-dip the catastrophe

jo3-momma.bsky.social•8 days ago

Steps 1 & 2 are complete. Now if someone could track the stock purchases of every MAGA admin. We’d see a massive amount of purchasing once we’re at rock bottom.

https://bsky.app/profile/atrupar.com/post/3lm5nuvywpa2f

lpeterp.bsky.social•8 days ago

Yes! As they board their private jets for a Gstaad ski vacation, they don’t FEEL a thing.

kill3r-t0fu.bsky.social•8 days ago

Sure. How do we make this happen?

We can talk about what SHOULD be happening all day long. We need solutions and actions at this point. AKA, a plan forward with follow through

philosophiejane.bsky.social•8 days ago

By force, if necessary. We should probably try something legislative first but seeing as how Congrss is also wealthy, I wouldn't count on that going far.

kill3r-t0fu.bsky.social•8 days ago

We're 4 months in and we have yet to see anything legislative happen, or anyone come out with a plan. Democrats and Republicans both have been silent and have been voting in line to let Trump run rampant.

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andrewgiglio.bsky.social•8 days ago

Guillotines. The answer is guillotines.

digita1b0y.bsky.social•8 days ago

I mean it's a start. Personally, I think they should be Tarred and feathered .

mpulskamp.bsky.social•8 days ago

French haircuts.

mike-in-jax.bsky.social•8 days ago

Oh they’ll sweep up all the stock at lower prices and will eventually be far richer than before the crash. They can afford to be patient, unlike those in their 60’s looking to retire at some point.

jimblesnarks.bsky.social•8 days ago

They will get bailouts. See, rich people do live socialism. It is only gor them though.

dewterium2.bsky.social•8 days ago

Trump said this morning that gas prices are coming down. Sure, bud, because people without jobs won't be able to afford gas at any price and won't have anywhere to go.

I'd say we need a citizen oversight board for the economy but that's what Congress is SUPPOSED to be doing!

mike-in-jax.bsky.social•8 days ago

Oversight has all been fired

dewterium2.bsky.social•8 days ago

I mean Representatives and Senators.

They could stop all of this today if they wanted to.

synrasa.bsky.social•7 days ago

It is an ideology of the far left to think that billionaires should have any sort of accountability.

crysxx.bsky.social•8 days ago

They’re not above anybody else 💥

honeybt.bsky.social•8 days ago

Those billionaires are most certainly colluding to crash the market as they are all whales… market manipulators… waiting for a bottom in the carnage to swoop in and buy up billions of dollars worth of deeply discounted stocks, cryptocurrencies and commodities… and watch their fortunes balloon more.

mpulskamp.bsky.social•8 days ago

The billionaires will mostly ride this out, scooping things up at low price and come out smelling like roses! It’s the working people, especially those who have invested, who will be hurt. And the working poor will be hurt the most.

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