this post was submitted on 14 Mar 2025
1016 points (99.1% liked)

Political Memes

7055 readers
4030 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 2 years ago
MODERATORS
 
(page 2) 43 comments
sorted by: hot top controversial new old
[–] [email protected] 42 points 1 day ago* (last edited 20 hours ago) (6 children)

I've often heard people describe the stock market as a graph of rich people's feelings. Looking at this, if that was true? This is the most relatable the 1% have been in a century.

Edit: Yeah I know, folks. I did say if.

[–] [email protected] 26 points 23 hours ago

Meh. Really rich people are so fucking diversified that it doesn’t matter to them what the hell the stock market does on a 4-year scale. They’ll benefit from other assets and wait out the storm, buying equities when others are selling. Shit, even upper middle-class people can often do this without sweating too much.

[–] [email protected] 13 points 22 hours ago (1 children)

I watched this video essay by Benn Jordan on American Capitalism that suggests the ultra wealthy are trading their net worth for control. Companies don't want to make more money, they want to have more control over your life. They'll buy out every competing company and give out their products or services at a loss even if it means losing a billion dollars a year with no plan to turn a profit anytime soon. They do it with the goal of becoming the only company that provides something people rely on.

Musk's net worth has dropped $100 billion but he now controls what government programs get funding and who gets government jobs. He traded his net worth for control.

[–] [email protected] 2 points 18 hours ago

On a similar note there are arguments that claim Putin or MBS are far wealthier than Musk for similar logic as that video. At those points money means nothing and the next step is influence.

[–] [email protected] 7 points 21 hours ago (1 children)

This is actually what real 1%ers want. They can easily absorb the blow, and now they can actually buy more for less. When the market recovers, they will have increased their wealth exponentially. They paid for this to happen.

[–] [email protected] 0 points 15 hours ago (1 children)

0.01% percenters maybe.

1% in the US is about ½ million annual income. A lot of money to be sure but common enough that you're not anything exceptional. You'll never worry about money, but you're still working a job and you're still fucked if you lose it. You're still incapable of solving world hunger. Maybe you could sort out a neighbourhood hunger problem.

1% globally is about $50,000 income annually. Now you're really amongst the working population in the US. They're not absorbing any blows.

load more comments (1 replies)
[–] [email protected] 11 points 23 hours ago

Rich people is moving assets to elsewhere now, normal Americans has nowhere do go.

The two things will hurt rich people are tax and death.

[–] [email protected] 6 points 22 hours ago (1 children)

Im definitely not even in the 1%, but ive made money on this market by making some obvious trades. Long Lockheed after their massive correction and short tesla. Im certain the 1% know even more than what to do here and are making even more money. When someones manipuling the market, it doesnt matter which way it moves for these people, it matters that they know which direction it moves before it does that

[–] [email protected] 0 points 14 hours ago

If you're trading stocks you're def in the global 1%. You only need $50k income a year.

[–] [email protected] 4 points 23 hours ago

No, it's the reflection of speculation within the market. It's not just rich people because if major banks analysts think the working class is going to buy less that will also be reflected in the markets.

[–] [email protected] 3 points 14 hours ago

Lucifer the fallen angel...

[–] [email protected] 4 points 18 hours ago (1 children)

Data is ugly - you skipped the first term of Obama and trump and the Lehman Brothers bankruptcy.

load more comments (1 replies)
[–] [email protected] 4 points 18 hours ago

Yes and now they all drink Mich Ultra as if they are making a statement.

[–] [email protected] 4 points 18 hours ago

I'm freeeeeeee.. free falling

[–] [email protected] 11 points 23 hours ago (2 children)

now I want to also see this graph from trump's first term

[–] [email protected] 13 points 23 hours ago* (last edited 23 hours ago)

The first hundred days would have been good as the market hates uncertainty. The reason why it is falling now is because Trump isn't being consistent in his policy and is upending the world order. In 2016 there would have been some hope the economy would improve

load more comments (1 replies)
[–] [email protected] 3 points 18 hours ago

I'm tired of winning boss.

load more comments
view more: ‹ prev next ›