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/ThenAnAnimalFact 2d ago

No ine has fun when money goes down because it’s scary to play into uncertainty.

However all the tax people at my firm would agree with me because we represent billion dollar companies and billionaires. Like I’ve been trying to tell you they have been preparing for this since last summer.

They will pretend to be upset but they know they are about to win which is exactly as I have already factually shown you they have been increases cash reserves of their Company’s and their persons.

You can’t simultaneously say that rich people have stocks and then say companies sitting on cash is different than rich people holding cash. It’s all about liquidity in a down market. Multimillionaires will get paid off by the billionaires and their assets will increase at net positive ROI for billionaires.

You understand that your pile of wealth can get cut in half and you still become richer?

Feel free to block me because it’s clear you understand finance but don’t understand economics.

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u/[deleted] 2d ago

It’s pretty simple in the end, man. If what you’re saying was true. Then the billionaires would all want a recession all the time right? They get richer proportionally compared to poor Americans. Why would they ever want the stock market to go up when it can go down and they can take more relative wealth! Getting relatively richer isn’t the same as getting richer. Your whole argument ignores the fact that the wealthy people are invested in companies that are affected by a recession. Yeah, Musk is totally happy that Tesla stock is tanking. That makes sense. I guess he can buy more when it’s lower right? Why do you think that’s a silly argument?

You’ve still never provided an article suggesting this because it’s not true. They generally don’t want that.

That would be a fundamental premise in every finance and economics class, right? “The ultra rich are incentivized to tank the market so they can gain market share in the future!” What if their companies/investments can’t handle the recession for various reasons?

Here’s the backdrop of this conversation - the reason there isn’t any literature suggesting what you’re saying is because it isn’t true. The only reason people in this thread are saying it is because that’s the only way they can make it sound like Trump is tanking the market to help his “billionaire friends.”