Billionaires are Turning on Trump

[Anonymous]

Anonymous wrote:Someone posted in another thread that the surviving Koch brother (Charles or David) is suing Trump over tariffs.

There is a good opinion piece about how shite finance bros and billionaires were at predicting Trump’s reign of chaos.

https://www.nytimes.com/2025/04/07/opinion/trump-stock-market-wall-street.html?unlocked_article_code=1.-E4.ZYPF.ggKn3pZQJizn&smid=url-share

Thanks for that link PP. The Ackman quotes "not foreseeable" really boggle the mind. Trump has actually been honest and transparent on this point for years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Trump supporter but this is getting hysterical, isn't it? I mean, billionaires—some of whom made their fortunes by pressuring corporations to outsource—suddenly care about the middle class? Coming from a guy who left Illinois for Florida because taxes. Spare us the concern trolling Kenny boy .

So it turns out that everyone likes money. That's why money was invented. When Trump destroys everyone's money, the rich and poor alike suddenly have a shared interest.

Stupid and impossibly ignorant take. Rich and poor do not have a shared interest. Trump can't destroy the money that poor people never had to begin with. 88% of stock market holdings is in the hands of 10% people ONLY.

Are you attempting to argue that a stock market crash won't hurt people who don't own stock? Do you know what stock is? What it's connected to? What happens to a company when it's stock crashes?

Again, even in boom times ( whatever they may be or however we describe them) there are vast swaths of the population that is disconnected or, I should say, that is tok far removed from the intricacies of the stock market to feel a net difference in their day-to-day lives if said stock market crashes.

Having your hours cut at work,losing your job,battling car repossession, eviction, rising prices or any other hardships that most people go through in this country everyday doesn't make a stock market crash look like a life-altering event for most people because it simply isn't.

DP. A stock’s price reflects the value of a company. When stock prices go down it’s the investors saying they don’t think the company has a rosy future. Ergo, as a stock price goes down, the chance of job losses (both at the company itself, as well as the surrounding small businesses such as lunch places, retail, etc) goes up. A crashing stock market is not good for anyone.

PP No one is saying a stock market crash is inherently a good thing. But, you seem to overestimate the direct impact that stock market activities have on the lives of everyday Americans. By some estimates, less than 1% of companies with over $100M in revenues are listed on the stock market, meaning the vast majority of Americans do not get their paychecks from publicly traded companies.
Furthermore, businesses don't need a stock market crash to crash themselves. They do that on their own everyday in this country.

WASHINGTON, D.C. -- Gallup finds 61% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey. This is up from the 56% measured in 2021 and 55% measured in 2020, and is the highest it has been since 2008. (2023)
Many people have 401s, TSP, and see their retirement money disappearing

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone posted in another thread that the surviving Koch brother (Charles or David) is suing Trump over tariffs.

There is a good opinion piece about how shite finance bros and billionaires were at predicting Trump’s reign of chaos.

https://www.nytimes.com/2025/04/07/opinion/trump-stock-market-wall-street.html?unlocked_article_code=1.-E4.ZYPF.ggKn3pZQJizn&smid=url-share

Why doesn’t that old fart live out his years in peace. Take the billions and do something good with it because he’s not taking it with him.

Because of all the crimes he committed, it was either the White House or prison. There was no intermediate option.

Elon Musk even tweeted that in 2022 or so when he was not pro Trump. He said the Dems should lay off Trump so that Trump would not try and run again to stay out of jail.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Trump supporter but this is getting hysterical, isn't it? I mean, billionaires—some of whom made their fortunes by pressuring corporations to outsource—suddenly care about the middle class? Coming from a guy who left Illinois for Florida because taxes. Spare us the concern trolling Kenny boy .

So it turns out that everyone likes money. That's why money was invented. When Trump destroys everyone's money, the rich and poor alike suddenly have a shared interest.

Stupid and impossibly ignorant take. Rich and poor do not have a shared interest. Trump can't destroy the money that poor people never had to begin with. 88% of stock market holdings is in the hands of 10% people ONLY.

Are you attempting to argue that a stock market crash won't hurt people who don't own stock? Do you know what stock is? What it's connected to? What happens to a company when it's stock crashes?

Again, even in boom times ( whatever they may be or however we describe them) there are vast swaths of the population that is disconnected or, I should say, that is tok far removed from the intricacies of the stock market to feel a net difference in their day-to-day lives if said stock market crashes.

Having your hours cut at work,losing your job,battling car repossession, eviction, rising prices or any other hardships that most people go through in this country everyday doesn't make a stock market crash look like a life-altering event for most people because it simply isn't.

DP. A stock’s price reflects the value of a company. When stock prices go down it’s the investors saying they don’t think the company has a rosy future. Ergo, as a stock price goes down, the chance of job losses (both at the company itself, as well as the surrounding small businesses such as lunch places, retail, etc) goes up. A crashing stock market is not good for anyone.

PP No one is saying a stock market crash is inherently a good thing. But, you seem to overestimate the direct impact that stock market activities have on the lives of everyday Americans. By some estimates, less than 1% of companies with over $100M in revenues are listed on the stock market, meaning the vast majority of Americans do not get their paychecks from publicly traded companies.
Furthermore, businesses don't need a stock market crash to crash themselves. They do that on their own everyday in this country.

WASHINGTON, D.C. -- Gallup finds 61% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey. This is up from the 56% measured in 2021 and 55% measured in 2020, and is the highest it has been since 2008. (2023)
Many people have 401s, TSP, and see their retirement money disappearing

+1 And that may or may not include people with pensions. Remember all the discourse about Tim Walz’s financial disclosures - that he didn’t own any individual stocks? Well his pension fund sure does.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Trump supporter but this is getting hysterical, isn't it? I mean, billionaires—some of whom made their fortunes by pressuring corporations to outsource—suddenly care about the middle class? Coming from a guy who left Illinois for Florida because taxes. Spare us the concern trolling Kenny boy .

So it turns out that everyone likes money. That's why money was invented. When Trump destroys everyone's money, the rich and poor alike suddenly have a shared interest.

Stupid and impossibly ignorant take. Rich and poor do not have a shared interest. Trump can't destroy the money that poor people never had to begin with. 88% of stock market holdings is in the hands of 10% people ONLY.

Are you attempting to argue that a stock market crash won't hurt people who don't own stock? Do you know what stock is? What it's connected to? What happens to a company when it's stock crashes?

Again, even in boom times ( whatever they may be or however we describe them) there are vast swaths of the population that is disconnected or, I should say, that is tok far removed from the intricacies of the stock market to feel a net difference in their day-to-day lives if said stock market crashes.

Having your hours cut at work,losing your job,battling car repossession, eviction, rising prices or any other hardships that most people go through in this country everyday doesn't make a stock market crash look like a life-altering event for most people because it simply isn't.

DP. A stock’s price reflects the value of a company. When stock prices go down it’s the investors saying they don’t think the company has a rosy future. Ergo, as a stock price goes down, the chance of job losses (both at the company itself, as well as the surrounding small businesses such as lunch places, retail, etc) goes up. A crashing stock market is not good for anyone.

PP No one is saying a stock market crash is inherently a good thing. But, you seem to overestimate the direct impact that stock market activities have on the lives of everyday Americans. By some estimates, less than 1% of companies with over $100M in revenues are listed on the stock market, meaning the vast majority of Americans do not get their paychecks from publicly traded companies.
Furthermore, businesses don't need a stock market crash to crash themselves. They do that on their own everyday in this country.

WASHINGTON, D.C. -- Gallup finds 61% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey. This is up from the 56% measured in 2021 and 55% measured in 2020, and is the highest it has been since 2008. (2023)
Many people have 401s, TSP, and see their retirement money disappearing

61%. How much do you think the median value based on age is? It is not much.the only people who have a lot of money 401ks are wealthy people. They will have millions. Average people in their 30’s will be lucky to have 35k and this is with historic growth in the stock market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Not a Trump supporter but this is getting hysterical, isn't it? I mean, billionaires—some of whom made their fortunes by pressuring corporations to outsource—suddenly care about the middle class? Coming from a guy who left Illinois for Florida because taxes. Spare us the concern trolling Kenny boy .

So it turns out that everyone likes money. That's why money was invented. When Trump destroys everyone's money, the rich and poor alike suddenly have a shared interest.

Stupid and impossibly ignorant take. Rich and poor do not have a shared interest. Trump can't destroy the money that poor people never had to begin with. 88% of stock market holdings is in the hands of 10% people ONLY.

Are you attempting to argue that a stock market crash won't hurt people who don't own stock? Do you know what stock is? What it's connected to? What happens to a company when it's stock crashes?

Again, even in boom times ( whatever they may be or however we describe them) there are vast swaths of the population that is disconnected or, I should say, that is tok far removed from the intricacies of the stock market to feel a net difference in their day-to-day lives if said stock market crashes.

Having your hours cut at work,losing your job,battling car repossession, eviction, rising prices or any other hardships that most people go through in this country everyday doesn't make a stock market crash look like a life-altering event for most people because it simply isn't.

DP. A stock’s price reflects the value of a company. When stock prices go down it’s the investors saying they don’t think the company has a rosy future. Ergo, as a stock price goes down, the chance of job losses (both at the company itself, as well as the surrounding small businesses such as lunch places, retail, etc) goes up. A crashing stock market is not good for anyone.

PP No one is saying a stock market crash is inherently a good thing. But, you seem to overestimate the direct impact that stock market activities have on the lives of everyday Americans. By some estimates, less than 1% of companies with over $100M in revenues are listed on the stock market, meaning the vast majority of Americans do not get their paychecks from publicly traded companies.
Furthermore, businesses don't need a stock market crash to crash themselves. They do that on their own everyday in this country.

WASHINGTON, D.C. -- Gallup finds 61% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey. This is up from the 56% measured in 2021 and 55% measured in 2020, and is the highest it has been since 2008. (2023)
Many people have 401s, TSP, and see their retirement money disappearing

I get it you have a 401k which is doing terribly.Elections have consequences.

[Anonymous]

The stock market volatility is a concern and a sign of Trump's craziness.

But the widespread handwringing about 401Ks is misplaced. Stock indices are at the same levels as 6 months ago, and have very outsized gains in the past few years and, more accurately, since 2009.

Everyone who has been holding stocks during this time has benefitted from unjustifiably easy monetary and fiscal policy, which has driven up asset values--stocks and real estate--way beyond what makes economic sense.

When the market is overvalued by, say, 50%, the idea that a 10% drop is devastating is absurd.

[Anonymous]

Until last year, we had most of the billionaires on our side. We need them back if we hope to be competitive in future elections.