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/OttawaTGirl 19h ago

It...was...never...just...Regan.

The heritage foundation and right wing cronies surrounded him just like Trump.

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u/mdp300 17h ago

And at the same time, guys like Jack Welch who turned GE from an engineering and manufacturing company into a finance company, and who started the whole "maximum possible profits this quarter are all that matters" philosophy.

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u/m3g4m4nnn 17h ago

Obligatory "check out the Behind the Bastards podcast episodes on Jack Welch".

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u/Three0h 14h ago

Also hijacking this comment to suggest everyone try listening/watching stuff made by Gary Stevenson. Fantastic speaker, economically inclined, and he is someone who knowingly walked away from millions of dollars as a trader.

Here’s his video on how to stop the economy from collapsing

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u/VinnieVidiViciVeni 16h ago

Ironically, he is quoted as saying shareholder primacy is the dumbest idea of all time. Not mentioning in defense of him, more an indictment of the system. And F him, also.

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u/reddollardays 14h ago

My ex-FIL worshipped that guy. He would bring his book to every family gathering and preach about what a hero he was, it was sad.

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u/DaddyDontTakeNoMess 12h ago

And they celebrated that ninja like he’s a financial genius.

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u/reddollardays 18h ago

I hear ya. It was all a long con to get to present times.

Also enabled by Democrats with their tepid responses to it all.

The few who are sincere on the left were and are hobbled by the traitors in their midst.

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u/Steak_mittens101 17h ago

Vote in all primaries and support justice democrat candidates.

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u/Xzmmc 16h ago

Or killed by the feds.

Remember, MLK and Malcolm X were only killed when they started talking about class instead of race.

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u/Happy_Penalty_9179 17h ago

Thank god someone speaks the truth. It's not like all of these regressionary policies couldn't have been rolled back by the democrats. They are just capitalists of a different color. Just look at how the democrats treat their more left leaning breatheren. Public healthcare? Pass. Public university? Don't care. Protectionist policies (not the f'ing blanket tarrif shit Trump is doing)? Ehhhh don't really feel like it.

And when the elections came down and the Democrats only policy was "I will not destroy the economy" vs the populist "I'm going to save the economy", it was clear that the lower class was going to vote with their hearts instead of their heads.

We just want to afford homes man. How can someone with 100 million dollars be closer to a homeless person than Elon Musk in terms of wealth?

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u/beyondo-OG 13h ago

you're right about that, they're the real villains in this, what happening is their plan. And not a one will be punished.

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u/OttawaTGirl 13h ago

Should all have their fortunes and stocks seized. I mean if nobility can lose land and titles why can't the wealthy.

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u/madcoins 12h ago

The heritage foundation did have this mapped out in the 70s

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u/jennithan 10h ago

Reagan and Trump were just their own days’ Useful Idiots.