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Billionaires at Trump's Swearing-In Have Since Lost $209B (alt link in comments)

29 pointsby mergy2 months ago

6 comments

mac3n2 months ago
it's a bargain, in exchange for legal sovreignity
mergy2 months ago
<a href="https:&#x2F;&#x2F;archive.is&#x2F;7c759" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;7c759</a>
redeux2 months ago
It&#x27;s immaterial to them. Falling asset prices hurt the middle class far more than they hurt the wealthy. Every time asset values fall, the wealthy scoop them up, furthering inequality.<p>If Elon Musk lost 90% of his net worth, he&#x27;d still have $34 billion. What would you have if you lost 90% of your net worth (assuming you have a positive net worth to begin with)?
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toomuchtodo2 months ago
No need to add (alt link in comments) to the title, just include the paywall bypass you did in a comment with nothing else.
tombert2 months ago
I mean, for the most part does this actually matter? I think most of their wealth is in the form of stock in their respective companies isn&#x27;t it? You only &quot;lose&quot; money with stock if you materialize it by selling at a loss.<p>They&#x27;ve done a good job bribing their way into presidential circles, the stock prices will probably bounce back.
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nicce2 months ago
New oligarchs will born once they buy the dip. Richer get richer. Swearing is there to make dip deeper.
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