alt Hacker NewsI never really understood this argument. The billionaires wealth is mostly in stock. In a crash like this their wealth goes down 10% like of all us. They can buy assets on the dip, but it will only regain that 10% they lost.
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autoexec • 04/04/2025
Their wealth hasn't gone down at all. The crash isn't real. It was caused by the tariffs. They just need to hang onto the stocks they have until the value goes back up, which they will shortly after the tariffs are lifted. In the meantime they can buy up more of whatever they want at rock bottom prices.
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Surely you get that losing one dollar hurts much more when you have 100 compared to losing 1000 when you have 100 000?