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.
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
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.
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.
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.
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.
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 …
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
I usually go balanced. I’m not a major risk taker and that’s done well for my portfolio over the years.
Can i have some plz
It will start trickling down any day now
Reagan is in hell, waiting for heaven to trickle down. I'm guessing we'll be waiting even longer.
:crying_blood:
no 💕
Yes. Absolutely. Just get adopted by one of those 10 and you'll get all the money you want.
Easy peasy lemon squeezy.
Did they win a bet or something?
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
Only sometimes?
Until those 1500% tariffs get put into place.
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.
Don't worry, the consumers will pay that :)
The wealthy have huge tax cuts to look forward to
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.
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.
Its stock market gains, so yes.
The impact of Citizens United v. FEC (2010) cannot be overstated.
We really need to take them at 90% like we used to.