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cschep | 5 months ago

Will this administration start costing serious people money enough that the other billionaires will get involved to kick out the nationalist idiots? That'd be nice. It's too bad we need that to be the case but.. would be a nice side effect.

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rchaud|5 months ago

The rich in America make their money through stock market pumps and dumps. Just keep the minimum wage frozen and the tax cuts coming and they won't say a word.

As long as the Federal Reserve and the Bureau of Labour Statistics keep saying the right things, the market will go up. And if they don't say these things, the president will replace them with somebody who will.

giraffe_lady|5 months ago

No, because an unstable regime and desperate economy increases the relative power of billionaires even if it decreases their absolute wealth somewhat. You don't see oligarchs abandoning russia en masse due to the constraints the system places on their growth.

So even if this ends up direly for some of them individually, they all personally are confident that won't be them. And as long as it isn't this aligns with their general interests.