The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index.
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Did they win a bet or something?
their companies are expected to do well so the share price goes up. their wealth isn't all cash in a bank, it's mostly owned shares and other assets.
capitalism is a bit silly sometimes
Only sometimes?
Until those 1500% tariffs get put into place.
And the same asshats that voted for him are going to be paying for these tariffs with higher prices and blame Biden. And the companies are going to make record profits and get more tax breaks and government handouts.
Don't worry, the consumers will pay that :)
The wealthy have huge tax cuts to look forward to
Huge tax cuts in a country where the economy crashes at most offset the damage. Elon and Zuckerberg would do better not to stick around, but I don't think they're that smart.
I'm definitely not implying they are smart or will profit as much from his presidency as they think, but they'll be just fine. They cannot wait to have the American working class subsidize their companies, and that will happen. And the Trumpist morons will somehow love it and swear their taxes are lower too.
Its stock market gains, so yes.