NEW: Five of the billionaires who attended Donald Trump's inauguration have lost a combined $210 billion in wealth since then, according to the Bloomberg Billionaires Index
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Wealth is volatile. Real value lies in building, innovating, and contributing. $210B vanishing highlights the illusion of permanence. True success isn't a number; it's impact. Build something meaningful. 🏛️ #business
That means they had too much money to begin with.
The average American isn’t poor because they are lazy or because the federal govt has too much debt. The average American is poor because multi-millionaires and billionaires don’t pay their fair share and take too much.
That’s true, but I’m afraid this crew has to have a big dose of fafo to get a clue. No one ever went broke underestimating the taste of the American public and so on.
Good, but it’s mostly stock fluctuations and wealth that was paper, ephemeral. They will make it back easily in real money from Trump giving them favorable no-bid contracts. I would rather their losses come in the form of a benefit to the country with higher tax access bets and payments.
Likely that this is just the beginning. It will take 5 years minimum to bring MFG back to US in major sectors. Hope they are buckled in for the long haul 🤣🤪
It’s still not enough to affect their quality of life, unlike the thousands of people being booted from their middle-class government jobs, or the grannies facing the loss of social security.
So … perhaps if they had stuck with the dems, and maybe faced a small tax hike, they’d be making more $ in a booming economy and be better off. Well, at least there’s that.
Whatever they call it, the billionaires are lot really losing as much as the reports claim. Their hedge funds short the tanking stocks, ensuring the profit from disaster.
Pension plans and retirement funds, on the other hand; those are the real target. Imagine your state's pension losing 15% or %50
People who have been violently fired, fired veterans are sitting at their kitchen table counting their dollars to pay their last hospital or school or rental bills with tears in their eyes
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The Distribution of Household Wealth in the U.S. in 2024.
(according to the Federal Reserve)
Top 0.1% 22.13 trillion
99-99.9% 27.10 trillion
90-99% 58.33 trillion
50-90% 48.42 trillion
Bottom 50% 3.89 trillion
Going to take a lot of tax cuts to make that up but I'm sure MAGA has their heart in the right place and won't mind hurting so they can make up the losses.
They know what they are doing in manipulating the markets? This is a classic strategy. They are making a fortune on the sell side. And if they take a loss it’s a huge write off on billionaires taxes. The $ won goes offshore (unseen by IRSto tax havens in the BVI and the losses stay onshore in USA!
Trump is doing the same to the economy as he has done to his businesses: running them into the ground. To then bail himself out through lies and deceit, leaving everyone else to pay for his failure.
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#DestroyThem
The average American isn’t poor because they are lazy or because the federal govt has too much debt. The average American is poor because multi-millionaires and billionaires don’t pay their fair share and take too much.
His letter this year was right there on that point again.
Pension plans and retirement funds, on the other hand; those are the real target. Imagine your state's pension losing 15% or %50
juju juju, juju on all of them
People who have been violently fired, fired veterans are sitting at their kitchen table counting their dollars to pay their last hospital or school or rental bills with tears in their eyes
So … wtf do I care
The Distribution of Household Wealth in the U.S. in 2024.
(according to the Federal Reserve)
Top 0.1% 22.13 trillion
99-99.9% 27.10 trillion
90-99% 58.33 trillion
50-90% 48.42 trillion
Bottom 50% 3.89 trillion
$TSLA $AMZN $META $GOOGL $GOOG LVMHF
#ElonIsADick #TrumpIsATraitor #RepublicansAreKillingUs #SocialSecurity #Medicare #Medicaid #FireRepublicans
That is what you GET for supporting that LOSER
https://consultkeith.com/2013/05/29/death-or-chichi/
He has shareholders that are on the Titanic with him
#ITSGOINGDOWN
Ahh yes, Vergogna