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

[u/DontFearTheCreaper]

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

[u/ovirt001]

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.

[u/reddollardays → u/ovirt001]

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.

[u/OttawaTGirl → u/reddollardays]

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

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

[u/mdp300 → u/OttawaTGirl]

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.

[u/m3g4m4nnn → u/mdp300]

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

[u/Three0h → u/m3g4m4nnn]

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

[u/VinnieVidiViciVeni → u/mdp300]

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.

[u/reddollardays → u/mdp300]

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.

[u/DaddyDontTakeNoMess → u/mdp300]

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