r/politics • u/throwaway16830261 • 1d ago

Terminate the Trump tariffs before it's too late

https://www.foxnews.com/opinion/sen-rand-paul-terminate-trump-tariffs-before-its-too-late
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u/seats-taken- 1d ago

You think hes gonna burn through 380 billion dollars this year? Not trying to sound like a total dick, but since the only backing to your argument is that he spent 25 million in Wisconsin, Id recommend looking up "the difference between million and billion explained with grains of rice". This dude could piss 25 million a day for the rest of the year and it wouldnt even be 7 billion dollars, and we re not including any and all growth that occurs to his net worth during that year. Tldr, Elon aint gonna be forced to eat kraft dinner anytime soon.

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u/Responsible_Pizza945 1d ago

He doesn't have that much in liquid money. Most of his wealth is in the form of stocks, which are all rapidly tanking. He claimed those stocks as collateral to justify massive bank loans with low interest rates. It's a convenient loophole for someone rich enough to pull it off, since it leaves your stock portfolio to appreciate while still allowing you access to money you otherwise wouldn't have. But it only works while the stock you hold is worth more than the toilet paper it's becoming.

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u/littlerelaxation 1d ago

The difference between a million dollars and a billion dollars is about a billion dollars

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u/StoppableHulk 1d ago

He doesn't have 380 billion dollars.