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Billionaire Bootlicker Logic
(lemmy.world)
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this post was submitted on 01 Apr 2024
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These clowns still not realizing that wealth and trickle economics are mutually exclusive. By definition wealth is the hoarding of resources beyond one's necessities. One does not get wealthy by releasing their wealth.
These people will not make more jobs. They will reduce the number of jobs, pay less and expect more, and hoard the extra wealth created by the hard work of their workers.
This past year tech companies have reported record profits while also seeing one of the highest layoff counts in years.
The trick is playing their game. While it’s not a lot, I have made a decent amount of spending money buying stock of companies that announce huge layoffs.
Almost always when this is announced their stocks go up. You just have to remember to sell it fairly quick because they always start producing less.