And their quality of life has been completely unaffected, unfortunately.
Could only wish that caused them as much pain as the average American, Canadian, Mexican, European is getting walloped with every day under Trump.
After first having gained $300 billion? Y’all know that the stock pumping started two months earlier than Jan. 20?
Way to steal joy from me. But you’re right to point this out.
If you’re linking to a paywalled site like bloomberg, could you please provide the text in the post, or link to a archive.org copy? All I know about this is the title and the first paragraph of the article. Frustrating.
You can search for the headline plus “msn” and almost always find it:
Some places don’t like people to do that. I’m normally somewhat against it, since I do think it’s important for journalists to get paid, but in this case:
- The MSN link actually does in some sense make sure that they get paid. I don’t actually know all the details but I am assuming that this involves in some way money going from sketchy people who buy internet ads, to Microsoft, to the journalists’ corporate overlords, eventually in theory to the journalists, so actually in some weird way it is fitting the requirement.
- It’s Bloomberg, so who cares.
oh no. Has anyone called Jeff? is he ok? Should be start a crowdfund?
That is a good thing!
Those MF are shorting the market right now making billions on the process. Once market hits rock bottom, the will buy back everything at the cheapest price and end up making even more on the way up. There’s really no way to hurt them on that matter. As most people are saying, the only people being hurt from this is the working class.
And I certainly hope they continue to lose more of their value.
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I wish this would only damage the billionaires.
Yeah. It’s a little bit of a misleading article, to be honest. They didn’t “lose” anything. Conditions changed for them, and they’re planning to clean up on a bunch of undervalued assets once this entire bullshit is winding down (whenever that happens), and they’ll wind up hugely ahead of where they started out.
There are other possibilities of course, but all of the other possibilities that I think are realistic involve complete collapse. Which they will, almost certainly, be positioned to survive much better than the average peasant will.
Sadly you are most likely correct. I’m not sure what to do because it doesn’t feel like voting and volunteering are working.
Poor them /s
not yet
True, bring back the golden age tax rates
The 1st rule of Applied Spite: If you’re going down, make sure to cling to the bastard who pushed you off the edge.
It’s always a nice headline to read at first and then you remember the real gut feeling is only felt when the losses are paired with a working class salary.
When you go from 400b to 200b, it literally changes nothing about your life like losing 15k when you have 30.
Losing half of 400 billion is absolutely NOT the same as losing half of 30k. One changes nothing you can still buy anything on Earth. One is the difference between getting a new car and getting one used.
It may be dangerous to be america’s enemy, but to be america’s ally is fatal.
It’s a good start but not nearly enough.
I mean, stocks go down they could have been the ones that sold their shares and are holding cash now moving the market. Would have been much easier to have just taxed them so they really lost 200 billion and it was put to good use.
There is currently a way to tax them, but we’ll have to act before the GOP closes it.
