• @[email protected]
    link
    fedilink
    1110 hours 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.

    • @[email protected]
      link
      fedilink
      1914 hours 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

        • TimLovesTech (AuDHD)(he/him)
          link
          fedilink
          English
          25 hours 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.

          • Flying Squid
            link
            fedilink
            19 hours 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.

            • @[email protected]
              link
              fedilink
              29 hours 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.