Their monetary losses are insubstantial compared to the gains in power they will receive from further weakening the influence and power of the average person.
Hey thanks for posting this! My trivia guy asked this at the bar last night and I remembered the whole graphic so we won a gift card!
I’m legit wondering who even profits from Trump’s politics?
If regular people are getting fucked and billionaires lose wealth and the stock market tanks, who comes out on top?Apart from the European military industrial complex?
I’ve been wondering the same about a lot of right wing economic policy. Why push for policy that is a net negative for everyone in the long run? I have since realized that it does make sense if you don’t look at it in terms of wealth, but rather in terms of power. The control you have over other people doesn’t depend on your absolute wealth, but rather the relative wealth you have compared to others, and so for someone looking for that kind of power (i.e. most billionaires as far as I can tell) it wouldn’t matter if something they do hurts everybody, as long as it hurts you more than it hurts them.
Anyone who plays it right:
https://en.m.wikipedia.org/wiki/Short_(finance)
Bonus points for anyone with insider information.
The on again, off again tariffs are a great way for Trump to exploit insider trading for his own benefit. I have not seen a single journalist cotton on and most of the Left are circle-jerking about him being stupid. He is evil.
Trump and Putin seem to like each other.
The people with real money and power are taking huge gains. They are and will not suffer losses, other than temporary, strategic losses. This is prestidigitation. We’re focused on exactly what they want us to see, not what’s happening while we continue to be entertained by side shows.
OK but since January 17. What about before? Because i know Musk doubled his money when Trump got elected.
Yes, Tesla stocks are merely back to pre-election levels. Looks like they will keep dropping though.
Please, if there is a god.
They just climbed today. Maybe Musk (via proxies) is buying while cheap because he has insider info that a subsidy is about to be handed to Tesla.
I suspect that is the point of the yoyo tariffs: insider trading.
Do you reckon that some people voted for Trump just because they knew he was so incompetent that he would inadvertently fuck shit up for everyone, friends included - and that there are enough disillusioned people in the US fed up of any semblance of the status quo (progressive or otherwise) who just wanted to watch the world burn as much as they’re suffering?
A vote of pure spite and nihilism
