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return2ozma@lemmy.world to News@lemmy.world · 1 year ago

The world’s 10 richest people got a record $64 billion richer from Trump’s reelection

www.cnn.com

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The world’s 10 richest people got a record $64 billion richer from Trump’s reelection

www.cnn.com

return2ozma@lemmy.world to News@lemmy.world · 1 year ago
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The world’s 10 richest people got a record $64 billion richer from Trump’s reelection | CNN Business
www.cnn.com
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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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  • TrickDacy@lemmy.world
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    1 year ago

    Copying what I just wrote elsewhere because it’s even more relevant here:

    My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.

    • QuarterSwede@lemmy.world
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      1 year ago

      My 401K was up 6.28% for the last quarter, 11% election week, and post it’s up 21.53%. Not sure what your 401K is investing in compared to mine …

      • TrickDacy@lemmy.world
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        1 year ago

        Hmm, interesting. I couldn’t tell you really, other than I selected an option that is supposed to be slightly on the higher-risk/high-growth potential side

        • QuarterSwede@lemmy.world
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          1 year ago

          I usually go balanced. I’m not a major risk taker and that’s done well for my portfolio over the years.

  • Mac@mander.xyz
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    1 year ago

    Can i have some plz

    • TrickDacy@lemmy.world
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      1 year ago

      It will start trickling down any day now

      • Flying Squid@lemmy.world
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        1 year ago

        Reagan is in hell, waiting for heaven to trickle down. I’m guessing we’ll be waiting even longer.

        • TrickDacy@lemmy.world
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          1 year ago

          :crying_blood:

    • Worx@lemmynsfw.com
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      1 year ago

      no 💕

    • Flying Squid@lemmy.world
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      1 year ago

      Yes. Absolutely. Just get adopted by one of those 10 and you’ll get all the money you want.

      Easy peasy lemon squeezy.

  • Honytawk@lemmy.zip
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    1 year ago

    Did they win a bet or something?

    • PotatoesFall@discuss.tchncs.de
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      1 year ago

      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

      • TheDemonBuer@lemmy.world
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        1 year ago

        Only sometimes?

      • Flying Squid@lemmy.world
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        1 year ago

        Until those 1500% tariffs get put into place.

        • PotatoesFall@discuss.tchncs.de
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          1 year ago

          Don’t worry, the consumers will pay that :)

        • TimLovesTech@badatbeing.social
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          1 year ago

          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.

        • TrickDacy@lemmy.world
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          1 year ago

          The wealthy have huge tax cuts to look forward to

          • Flying Squid@lemmy.world
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            1 year ago

            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.

            • TrickDacy@lemmy.world
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              1 year ago

              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.

    • nondescripthandle@lemmy.dbzer0.com
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      1 year ago

      Its stock market gains, so yes.

  • hyperreal@lemmy.world
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    1 year ago

    The impact of Citizens United v. FEC (2010) cannot be overstated.

  • QuarterSwede@lemmy.world
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    1 year ago

    We really need to take them at 90% like we used to.

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