r/technology • u/DontFearTheCreaper • 2d 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 2d ago

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

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u/DouglasHundred 2d 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 2d ago edited 2d 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 2d ago edited 2d 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 2d ago

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

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u/GoldandBlue 2d 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 2d 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 2d ago

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

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u/ScF0400 2d ago

Well if they did slavery would still exist which would be worse... Although with the way things are going, it's not about race but class now. Slavery coming back for low to middle income. Or rather cannon fodder and rabble.

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u/ReallyNowFellas 2d ago

it's not about race but class now

Six of one/half dozen of another for a race that's had downward class pressure put on them for their entire existence in this country.

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u/Poe_42 2d ago

Kinda my point to who I was replying to