The stock market just crashed by 2 trillion! This is the Republican Recession folks!
this post was submitted on 03 Apr 2025
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If that's true, we can expect businesses to not be affected, and stock prices to remain stable
Price hikes is NOT good for business. People are going to be angry.
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?
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.
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.
The price of groceries goes up, but the price of luxury goods is relatively unaffected. So, for example, the price of a yacht will go up by how much more it costs to fill it's fridge...