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this post was submitted on 11 Mar 2025
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That's not enough
The Top 10 Richest Americans have a combined wealth total of $1,548 TRILLION.
$209 billion is only 0.13% of the of Top 10.
We need to get those numbers higher.
🔪🔪🔪🔪🔪🔪🔪🔪🔪
That doesn't stack up, Musk is the richest, currently worth $324Bn - they can't be worth more than $3.24Tn combined.
I think they replaced the period with a comma.
The %s are all out of whack too, it's more like 13%, which, while not enough, is a lot more than 0.13%.
For sure, Google tells me there's only 21.2T USD in circulation.
It's a relatively small price to pay for the power they gained, and most of the losses are elons anyway
We need to keep pumping those numbers up
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.
Whisper it in my ear
^^they ^^lost ^^$209 ^^billion
🥵 That's hot. Not nearly enough, but still great news
Rookie numbers. Needs more.
How do you screw both the rich and poor at the same time?
Sheer incompetence. Whenever he says "I'm the only one who can..." I hear "I have no fucking clue how to even begin doing this".
Oh ok, that’s sad, let me shed a few tears here before I go back to be exploited by the rich 😹😹😹😹😹😹😹😹
and the American retirees who depend on their savings lost trillions to these idiots. A majority of those retirees voted conservative, but I feel bad for the ones who didnt.
As you get closer to retirement, the usual strategy is to shift from a stock-heavy portfolio to something less volatile. The retirees getting burned are the ones who were too ignorant or greedy to do that.
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.
It’s pretty common knowledge how these billionaires leverage the value of their stocks/assets as collateral against loans, in order to avoid having to pay capital gains tax.
Even though it’s not liquid cash, there really isn’t much to preclude them from taking out cash loans up to like 70-80% of their value if they ever wanted to (not that they would, as cash depreciates in value due to inflation).
So while you are correct that if they ever had to liquidate their shares the value would plummet significantly - unless something catastrophic happens and the value of those assets plunges well below an acceptable level to their financiers, it will never happen.
If you owe the bank a $100 and can’t pay it back, that’s your problem. If you owe the bank $100m, that’s their problem.
I think we might be nearing a catastrophic economic collapse. It will be interesting to see how these billionaires react.
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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
Unfortunately our own pensions and such are also getting wiped out by the same forces. And with less access to insider information.
They would become weak enough for us to start curbstomping
These are the same billionaires that donated millions to the inauguration. How's that RoI on bribery going techbros?
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.
and they have bailouts just in case they cant actually make money.
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They deserve to lose so much more.
only meaningful if their stocks don't bounce back, but too soon to tell
I have a theory that this is all planned. Tank share market, buy lots of shares, in a few years they get all their wealth back and more.
Also only meaningful if they can't buy up actual, tangible assets in the coming recessions, effectively converting their dead capital into more assets. (+ getting more state money for being "too big to fail")
No, they're gonna. It's exactly what happened last recession. The pain got offshored to the workers, and the people with assets used the moment to leverage their assets to buy more assets on the cheap.
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A good start. It takes much more to fix this problem, though.
Them losing billions is meaningless. Don't for this: if you had 1 billion dollars, and you lost 99% of it, you still have 10 million dollars, which is more than what most people will ever have.
Their entire industries need to be nationalized and ALL their assets seized.
So that's what, about 5 minutes with of profits between them?
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.
They lost pretend money that could be used for business loans that they don't need because they have so much pretend money. The only time it matteds for these parasites is if it happens when they are acquiring another company worth billions of pretend monies.
Even a stock market collapse is a benefit to these chucklefucks.
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They like the stock market going down, since it'll eventually go back up and meanwhile they still have billions available to buy up a lot more stock on the cheap while it's down.
proof they're not geniuses
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