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submitted 2 weeks ago by enub22@50501.chat to c/General@50501.chat

The stock market just crashed by 2 trillion! This is the Republican Recession folks!

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[-] iii@mander.xyz 2 points 2 weeks ago* (last edited 2 weeks ago)

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 12 points 2 weeks 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 3 points 2 weeks 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.

[-] Tarquinn2049@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago)

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...

this post was submitted on 03 Apr 2025
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