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Political Discussion
Reply to "Billionaires are Turning on Trump"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://x.com/business/status/1909412400501059670?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote] 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 .[/quote] 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. [/quote] 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.[/quote] 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?[/quote] 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. [/quote] 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. [/quote]
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