this post was submitted on 03 Apr 2025
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What the fuck is he doing?! (50501.chat)
submitted 2 days ago by enub22@50501.chat to c/General@50501.chat
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The stock market just crashed by 2 trillion! This is the Republican Recession folks!

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[–] enub22@50501.chat 11 points 2 days ago (1 children)

Price hikes is NOT good for business. People are going to be angry.

[–] iii@mander.xyz 3 points 2 days ago* (last edited 2 days ago) (2 children)

If it's not good for business, then that's not good for the stockowners. Which is mostly the rich.

If the rich loose money, then the poor get richer?

[–] Hylactor@sopuli.xyz 9 points 2 days ago

If gas tanks were money, and you are worth $100K, let's say your car has a 20 gallon gas tank, a billionaire would have a 200,000 gallon gas tank. Think of these terrifs as something that harms "gas mileage". The guy with a 200,000 gallon tank may care, but realistically poor gas mileage is never going to effect their quality of life like it will us regular folks.

[–] vfsh@lemmy.blahaj.zone 2 points 2 days ago

Money is very rarely transferred from the rich to the poor. When the rich lose money it's going to other rich people or corporations.