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/clueless_as_fuck 20h ago

It's pretty obvious at this point that this is the plan.

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u/DouglasHundred 19h ago

I mean, it's an economic system they designed to work for their exclusive benefit, so it's hardly a surprise.

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u/ovirt001 19h ago edited 19h ago

There was a period of a few decades where taxes and regulations reined in wealth concentration. Since the 80s that has been carefully rolled back.

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u/Infinite_Carpenter 19h ago

Carefully?

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u/VaughnSC 19h ago

‘Boiling the frog,’ at the time. Lately, the gloves are off.

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u/Infinite_Carpenter 19h ago

That’s an optimistic view of the past 40 years

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u/Significant_Turn5230 19h ago

They succeeded, didn't they?

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u/Infinite_Carpenter 18h ago

Workers’ rights have been completed eroded and the wealth transfer to the top 1% has been massive. Unions’ power in the USA hasn’t been this diminished in decades. Both Democrats and republicans have been complicit, obviously conservatives would rather workers didn’t have any rights.