Pity the boys of the billionaire's club who flocked to the Malignant Fascist (our emphasis):
As Donald Trump took the oath of office on Jan 20, he was flanked by some of the world’s wealthiest people. The billionaires present that day – including Elon Musk, Jeff Bezos and Mark Zuckerberg – had never been richer, flush with big gains from frothy stock markets.
Seven weeks later, it’s a different story. The start of Trump’s second term has delivered a stunning reversal for many of those billionaires sitting behind Trump in the Capitol Rotunda, with five having lost a combined US $209 billion in wealth, according to the Bloomberg Billionaires Index. [snip]
But any expectations that the start of Trump’s new term would continue to fuel market returns have been upended. The S&P 500 has lost 6.4 per cent since he took office, as mass layoffs of government employees and the president’s back-and-forth on tariffs have roiled equities, with the benchmark index tumbling 2.7 per cent on Monday (Mar 10).
The companies behind the inauguration attendees’ fortunes have been some of the biggest losers, dropping a combined US $1.39 trillion in market value since Jan 17, the last trading day before the inauguration.
Here’s a look at some of those fortunes:
Elon Musk (down US $148 billion) ...
Jeff Bezos (down US $29 billion) ...
Mark Zuckerberg (down US $5 billion) ...
Bernard Arnault (down US $5 billion).
Sad! But, when you elect a moron, you can expect these results. Of course, we won't be entirely happy until these parasitic chuds (let's also include the likes of Trumpers Peter Thiel, Sundar Pichai, and Larry Ellison, too) are walking around wearing a barrel asking for spare change, but things are heading in the right direction on the FAFO scale.
BONUS: Paul Krugman writes about the emerging "Economic Excuse Industry."
(Photo: l. to r., Lady Zuck, Zuck, Lady Bezos, Bezos, Pinchai, "Chainsaw" Musk / Al Jazeera)
(h/t Silver Spring Bureau Chief)
As they when you're in a hole keep digging. The only thing left to do eliminate all taxes on income over say $150,000. Since SS and Medicare/Medicaid will be gone, give the trillions from the trust fund to the billionaires as a tax cut from Americans. And here's the best part people who make under 150,000 get a tax increase, when we eliminate child tax credits and the personal exemptions.
ReplyDeleteCall it the American citizen rescue plan.
And, Seafury, they have circled back to that ridiculous DOGE promise that all those non-existent billions in waste reduction will come out as $5K checks for "some people who qualify." The formula is 20% goes to these checks and 20% goes to pay down the national debt. Umm, guys, do you think we won't notice that 60% is unaccounted for?! I would worry about it, but 60% of zero is still zero! 💩
DeleteThank you for the Krugman link. As always, he makes his case in terms even the mental midgets in Sphincter Face's circle ought to be able to understand. But, if it weren't for disinformation, we would get no information from this government at all.
ReplyDelete🤬🤬 And this morning, instead of compromising one penny of tax breaks for obscene wealth, Moses Mikey is spending time screaming "Dems don't care! They will vote to shutdown your government and your jobs and your lives!!" He even called out by name some of those murderous Dems!! 😱 But, here's the tell: the first question to him was "what about your Republican colleague, Thomas Massie, who has promised to vote no and that one vote is enough to kill the CR?" Moses replied "I respect Congressman Massie and he will make a responsible decision." AUUGGHH!! Don't you mean the death of the government will be the doing of this one Republican murderer?! 👹🗡☄️ The lying!! It burns!! 🔥 It stinks!! 💩💩