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/newbie527 19h ago

We need another Franklin Delano Roosevelt. We need a newer deal.

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u/beardicusmaximus8 19h ago

Nah we need a new Teddy Roosevelt. Tear up the big businesses and rebuild America on the world stage.

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u/Hovercraft_Sudden 19h ago

We need both Roosevelts at this point. I fear we'll never get another one. Just puppets.

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u/LaTeChX 18h ago

Teddy getting elected was a fluke even then.

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u/Brilliant-Hamster345 17h ago

you think given that they are distant cousins, their descendants can bang each other and make a super roosevelt

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u/DouglasHundred 17h ago

I need to see these cousins before I can get into that idea.

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u/newbie527 17h ago

Teddy started the tear down of the Gilded Age. FDR built the foundations of a New Age for America.

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u/HighnrichHaine 13h ago

Bull Market&noose

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u/Brave_Quantity_5261 17h ago

Yes we do.

In his time, all his friends and family were among the richest in the USA (elite class) and they felt absolutely betrayed by FDR for essentially doing the opposite of what is happening today.

It’d be like Zuckerberg or Bezos getting into the White House and taxing the upper class to fund social safety nets for the lowest earners and starting a bunch of public works projects to get everyone decent jobs/wages.

His peers hated him, but he really got us out of a depression and built more stability that lasted decades.

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u/ArkitekZero 18h ago

They know that. That's why they made sure they got a trump instead.

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u/Mjolnir2000 15h ago

Or a Eugene Debs, for that matter.

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u/Jacinto2702 19h ago

We need Karl and his pals.

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u/kerrvilledasher 19h ago

Or maybe Kirby and his tree friends.