r/politics • u/newsweek ✔ Newsweek • 1d ago

Elon Musk lost $11B after Trump's tariffs—and he wasn't the biggest loser

https://www.newsweek.com/musk-bezos-zuckerberg-losses-trump-tariffs-2055255
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u/Scopeexpanse 1d ago

Yep. Somehow, for these guys, paying bit more in taxes is unacceptable but loosing $11B in net worth to own the libs is totally fine. 

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u/HorsepowerHateart 1d ago

The oligarchs are way beyond owning the libs: they've moved on to owning the country. A temporary drop in their illiquid assets isn't even a speed bump on that road for them.

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u/Scopeexpanse 1d ago

Yea, I suppose if your long term goal is a recession where you buy up everything for cheap that checks out. But, also, how can a human be so evil? To intentionally cause suffering so that you can accumulate more wealth. When you already have more wealth than anyone could spend in a lifetime. 

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u/DiabolicalPherPher 1d ago

You think majority of them owned stock?

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u/bobartig 1d ago

If the 1% all lose 1/3 of their net worth, then eventually they all pay less taxes down the line *taps head*.