News

Billionaires remembering why they were supporting the covert right winger Democrats instead of the Republicans. Because a veneer of illusion is needed to keep their empire running.

I'm sure they still have plenty of liquid assets to scoop up discounted stocks. Tax cuts will save conglomerates money, which they'll use for stock buybacks to inflate the worth of their stocks, which had already been picked up by the billionaires. This will reinflate their net worth.

Plus, and I don't know how or when this would be involved in the calculation of their net worth, but they're probably shorting stocks with insider info passed around Mar-a-Lago. Just a guess.

They'll be fine. The rest of us will continue to be screwed even harder. Fuck them billionaires.

As Kendrick Lamar would say “it’s not enough”

They should be grateful their heads are still attached.

only meaningful if their stocks don't bounce back, but too soon to tell

So what? It's not like their bank accounts got affected. Their shares are valued less which means they did not loose money but the lost money they could have had.

That's not enough

Coverage like this makes me feel sad.

Do people honestly not realise that billionaires always enrich themselves during recessions?

This is all going to plan for oligarchs. People celebrating it are naive unfortunately.

Daily Reminder:

Those are rookie numbers! We've got to pump that number!

Acting like they have the billions as liquid cash is weird.

IF, and its a big if, they would start selling their assets in order to liquidate their stocks, the assets would nosedive in value to fucking hell. Most of their wealth is smoke and mirrors. Most of them spend money by borrowing cash against their assets.

Tax them so they have to lend or sell some assets to pay their fair share.

A good start. It takes much more to fix this problem, though.

How do you screw both the rich and poor at the same time?

It remains to be seen if their kissing the ring was strategic or just tactical (apart from Musk, who is committed), but what they've bought wasn't a good economy. They bought into the transition from democracy and capitalism to authoritarian oligarchy.

Dollars don't describe the value of Russia-level corruption, which is where the country is now pointed. And the longer-term gains from captured institutions would far outpace a hundred billion dollars or two, if they succeed.

They deserve to lose so much more.

Good let’s make it another 200 billion EACH and even then that won’t be enough as they’ll all still have hundreds of billions of dollars which is absolutely insane

Comparing my net worth to that total net worth? I’d be upset, but not terribly so, if I lost $1000 too.

But since I would be getting it back later, and then some, it’s more like a small investment only . Definitely worth the small risk,

These are the same billionaires that donated millions to the inauguration. How's that RoI on bribery going techbros?

So that's what, about 5 minutes with of profits between them?

Ridiculous how some people pander, especially the press, to the billionaire set.

When they have a downturn in net worth people say they “lost” money, or are “poorer” even though they’re still worth billions.

But when they’re making money hand over fist, millions of dollars daily, people act like that money doesn’t exist. “Oh, it’s tied up in investments, you can’t tax it…It’s not income! It’s not in their bank account.”

Always the poor billionaires; perpetually simultaneously unable to touch their money, complaining when they lose money they ”don’t have,” and living like billionaires with all the conspicuous consumption that goes with it.

THERE'S THREE AND A HALF YEARS TO GO. THEY'RE PLAYING THE LONG GAME.

THEY AREN'T UPSET. THEY'RE GETTING EVERYTHING THEY WANT.

Looks like some dumbfucks made a bad investment in a rapist.

But to them this is winning, right? Anything to "own the libs" that they so hate. There's no such thing as failing, there's only failing forwards.

Rookie numbers. Needs more.

Oh ok, that’s sad, let me shed a few tears here before I go back to be exploited by the rich 😹😹😹😹😹😹😹😹

Whisper it in my ear

MOAR!