r/technology • u/DontFearTheCreaper • 20h ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/braiam 20h ago

Yeah, I don't know why these articles come out. There's zero risks for people like that. They are immune to economic downturns. It will take years of economic pains for everyone for them to start to feel it.

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u/sezaruwoenai 19h ago

To mitigate the backlash.

Poor billionaires, will anyone think about the plight of the billionaires.

They're losing money too! Think of all the money they're losing. Clearly they deserve their tax breaks.

While they swoop in and further solidify control over large swaths of society, whilst everyone else suffers.

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u/hatemakingnames1 7h ago

They're usually written like it's a celebration, but there's nothing to celebrate

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u/WhompWump 19h ago

There's people out there who think this is them getting "owned" not realizing that at the end of the day it's a fire sale on assets for people like them who have so much money they don't have to worry about anything at all ever.

These kinds of headlines act as a cathartic release for them and keep them distracted from the big picture. This was always the play, and every recession and economic crisis that's always the play.

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u/soitheach 19h ago

it's capitalist propaganda

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u/ayyzhd 19h ago

the articles exist to convince people they "won" against the billionaires. it gives false hope

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u/braiam 19h ago

Oh, I am painfully aware. What makes me sad is that people eat it up.

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u/TakuyaLee 19h ago

There's a lot of risk actually. Especially if people get angry enough.

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u/braiam 19h ago

If it doesn't involve guillotines... we are never going to fix this.

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u/xixipinga 18h ago

their egos depend on big numbers on fortune magazine, they will 100% live the same with 1/1000 of qhat they have, but some of those will get severe depression for losing their status, billionaries would never risk their beloved fortunes

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u/SeedFoundation 16h ago

Until that B becomes an M they are not affected by anything.

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u/MumrikDK 16h ago

If you're trying to shift the money even more towards the upper class. It's important you keep selling the lie that you aren't doing that. Plenty of people will believe it.

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u/Twig 15h ago

To make people who browse sites like this feel validated so they don't actually bother doing anything.