1 upvotes, 2 direct replies (showing 2)
View submission: Thoughts on trump’s economy?
And yet, the billionaires are not making any money from this either. Their stock portfolios are getting wiped out a lot harder than tax cuts ever could
Comment by jster1311 at 11/03/2025 at 09:43 UTC
1 upvotes, 0 direct replies
The rich are not making money YET. Sure, it sucks in the short term, but they won’t really see a difference in their circumstances or way of living. They still have plenty of money. When the rich lose a couple million it’s comparatively like if a normal person loses a hundred dollars. It may sting, but it’s not going to ruin them.
However, when the prices of investments dip lower, they will still have plenty of capital to invest, and then in 5-10 years they will have doubled and tripled their money when it bounces back, making their fortunes that much more vast.
On the other side, the common person has to adjust the way they live during hard times and can be living paycheck to paycheck, without anything much to invest when the stock market comes down. They need to use any of their savings to have a safety net and survive.
It’s a long game, and the rich will make a killing from a downturn.
Comment by fuzzyfoot88 at 11/03/2025 at 11:17 UTC
1 upvotes, 0 direct replies
When you realize that some of them paid -2% in taxes last year you learn that legal loopholes and wealth hoarding has reached a point that the government actually has to pay them for their taxes…as in the government has less than money because it has to pay a billionaire to do their taxes. Now imagine that happening with all billionaires. That is why so many things are being gutted. Because the government needs to actually have the money to pay them…
So stocks be damned, they will get their money.