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 🤣🤪
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.
Tanked the economy, sold off federal assets to fund a shady crypto reserve, chopped down the forests, gutted social safety nets, and polluted your air, water, and soil...
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
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
Billionaires buy stocks then go to banks borrow money then live off the loans TAX FREE fuck them dump your stocks pay off your home bankrupt the OLIGARCH system of keeping you poor
They’ve lost $210 billion and are still the richest people in the world. They’ve lost more money than the GDP of certain countries and it barely affects their bottom line.
So for an initial (inaugural if you will) investment of $1 million each they were given the opportunity to have front row seats to watch him lose them $210 billion. That is some kind of balance sheet.
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.
Short term losses for the long con. Driving the economy into a recession means higher unemployment, which allows wage and benefit clawbacks. It also establishes an imperative for more deregulation.
Unfortunately if I lost 90% of my wealth I’d have to end my retirement. If these guys lose 90% of their wealth, they still won’t be eating out of a dumpster.
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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.
"Greed is the inventor of injustice as well as the current enforcer." Julian Casablancas
But here's a fucking red hat (made in China)!
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
It takes money to make money….
Our votes matter.