r/technology • u/DontFearTheCreaper • 1d 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 1d ago

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

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u/DouglasHundred 1d 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 1d ago edited 1d 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/reddollardays 1d ago edited 1d ago

Fuck Reagan, such a sociopath.

ETA: Thanks for the awards, appreciate the sentiment - SOLIDARITY IS KEY!

Anyone else, please consider donating to the ACLU or a certain SMB character's legal defense fund. Eat the rich.

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u/NatPortmansUnderwear 1d ago

At least Reagan went through the great depression and understood how bad tariffs are, unlike genius T.

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u/GoldandBlue 1d ago

I have seen 3 Republican presidents in my lifetime. All 3 destroyed the economy. When will we learn?

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u/Minute-System3441 1d ago

Oh, they have a track-record way longer than that. Republican administrations, while boasting about their economic expertise and business acumen, have been responsible for the following ‘wins' across 3 ‘centuries' now:

  • Civil War Recession 1861–1865
  • Post-Civil War Recession: 1869–1870
  • Long Depression: 1873–1879
  • Depression of 1882–1885
  • Panic of 1907
  • Post-World War I Recession: 1920–1921
  • Great Depression: 1929–1933
  • Recession of 1953
  • Recession of 1957–1958
  • Recession of 1969–1970
  • Recession of 1973–1975
  • Early 1980s Recessions
  • Recession of 1990–1991
  • 2001 Recession
  • Great Recession: 2007-2009
  • COVID-19 Recession
  • And the soon to be 2025 - Greater Recession or even New Depression

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u/Poe_42 1d ago

If only the Republicans lost the civil war all of this could have been avoided....

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u/Minute-System3441 1d ago

Today’s GOP wouldn’t recognize Lincoln - and he’d vomit at what they’ve become. Modern ‘Republicanism’ is just oligarchy in a flag pin, a 180° from its origins.

The ‘party of Lincoln’ is now the party of Lochner, a time when even their Supreme Court judges tried to chain workers to corporate fiefdoms and to this day still want to doom workers and the pours to eternal serfdom.