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Remember remember...
(lemmy.world)
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this post was submitted on 03 May 2025
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Yep, I really don't understand how the wealthy in America think that trump will ever stand by his promises. They think that he will bow to them when he has the power to do otherwise? He's learning from putin and using his techniques to take down the wealthy.
I wouldn't be surprised if that was why he's doing the tariff thing in the first place. Take down Bezos, Apple, etc., so they have to bow to him. They're in his game and don't even know it.
To be clear, he's dumb, but he knows how to hire and listen to really smart, evil people.
I agree, but I also think they need to fix the things they helped break. Let them sit in the stew they made and use those super brain cells to get them out of it.
Dude, normal people can protest and that's about it. Don't get me wrong, protesting works but who knows if that's enough. But the wealthy control all of our data, the police and our utilities. The wealthy are the only ones that can fix this.
I think it is deeper. They didn't trust him per se. But they trusted he would screw things up royaly. They have deep pockets. They can weather the storm. The benefit for them is the regression of money to the people. And people who are less comfortable demanding more from companies. A lot of the wealthy are driven by a desire to do things without impediment. Elon is a classic example. He doesn't want regulations ot uppity employees slowing him down. Other wealthy are similar. So be resetting the regulations and the employee employer balance, they remove obstacles that slow them down from doing what they want to do. Overall, it was getting to hard for them to exploit the people and the planet. And they trusted trump to reset gains in those areas.
I can't imagine Amazon thinking that a huge chunk of their business would be taken out by 145% tariffs. Yes, they can weather the storm, but he makes his employees pee in bottles. His bottom line is a major focus of his life.
Well sure, he probably didn't expect 145%. But he operated amazon at a loss for many years. And I think he has mainly gotten what he wanted already. So he can feel free to start pushing back now. And we are seeing signs of that.
You know they cook the books to operate at a loss, right? It's not really a loss.
I wouldn't say they cook them. That implies illegal methods. And given the scrutiny they were under at the time probably didn't happen. But they sure do use every legal loophole they could find.
That said, they were doing a lot of reinvesting. He could have taken the money instead. So the point is that he has some patience.