• stoly@lemmy.world
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    21 hours ago

    Even the billionaires are going to lose money. It’s just unjustifiably stupid.

    • Eugene V. Debs' Ghost@lemmy.dbzer0.com
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      20 hours ago

      They have enough money to coast along to buy and hoard failing companies and collect them for whenever the economy rebounds.

      Billionaires have so much money, they could spend a few thousand a day and it wouldn’t hurt their bank account for decades.

      • TronBronson@lemmy.world
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        19 hours ago

        They could spend $100,000 a day for 50 years an not have spent through 2 Billion. Elon and musk both command 200 Billion ish. the interest alone is worth that 8 billion a year if it was in treasuries.

        Every year the interest on Musks fortune could generate enough money to spend $2,100,000 a day without even losing a dollar of principle. on the theoretical interest of his fortune.

        I lost 10% of my retirement today. Thats not even a fraction of any of these numbers 😂😭

      • postmateDumbass@lemmy.world
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        19 hours ago

        The old oil money declared war on the neuvo riche tech bros.

        Its an attrition war.

        The majority are peeons (sic) in this new feudal trickle down economic game.

    • 13igTyme@lemmy.world
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      21 hours ago

      Every once-in-a-lifetime economic disaster I’ve personally witnessed has taught me that any economic loss for billionaires is only temporary.

    • Sam_Bass@lemmy.world
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      20 hours ago

      Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society

    • TronBronson@lemmy.world
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      19 hours ago

      Some, but it does work nicely as a regressive tax to offset their tax cuts. It’s really hard to see who’s winning in the race to destroy the global economy, someone has to right?

    • orcrist@lemm.ee
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      9 hours ago

      Some of them will get more power or money, though. They are not unified.