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
7.7k Upvotes

98% Upvoted

267 comments sorted by

View all comments

2

u/branjames117 1d ago

Does $11B even matter to someone like Musk? It might as well be an imaginary number. In the endgame of all this turmoil, Musk and his kind will just use their remaining billions to buy up the rest of our capital at rockbottom prices. Then when the stock market recovers, that -$11B will look more like +$100B, which, again, is a meaningless imaginary number. All that matters is at the end the middle class will own less and the technocrats will own even more.

So let's not celebrate until heads start to roll.

1

u/branjames117 1d ago

The Trump administration for all its incompetence and grift and corruption knows exactly what it's doing with these tariffs against the world. Crater the economy, crater government services, then buy it all up while the rest of us are having to sell just to buy bread for the week, and they keep us, left and right, bickering over trans athletes and kids using litter boxes and immigrants eating pets so we can't see the wool over our eyes. We've seen this movie before, as sci-fi writers have been warning us of the coming dystopia for decades.