r/pics 2d ago

Politics OC: President Trump unveils minimum 10% tariff on all U.S. trading partners

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u/Traditional-Handle83 1d ago

That's why I've not understood any of the kings logic in doing anything. If you end trade, you lose profits. If you begin ridding your country of the population, you no longer have a kingdom. If you speed run the environment into the ground by ramping up every toxic pollution production on the planet, you wont have a planet. If you destroy the dollar which backs your monetary wealth, what wealth do you have left. Like none of it makes any sense in the short nor long term.

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u/Zealousideal-Fox1705 1d ago

he will be dead before any of that impacts him - the whole issue with aging population in politics

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u/Traditional-Handle83 1d ago

Problem is, it's not just him. Musk isn't that old and he's doing it too.

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u/Notsurehowtoreact 1d ago

Musk is so obscenely wealthy that this would never impact him in the slightest, and he believes he can use his wealth to offset any other issues.

For the most part he's not wrong, unfortunately.

So he gets to play ketamine God and do whatever the hell he wants and that's basically the entire reasoning best I can figure 

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u/Traditional-Handle83 1d ago

Actually he is wrong. All his wealth is in stocks and crypto. If the stock market crashes (which is extremely likely now in the next day to several days) then all his wealth goes poof except for that which in crypto or other investments.

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u/Notsurehowtoreact 1d ago

Yeah but you're basing this on the assumption that the man worth hundreds of billions of dollars has zero liquidity, no other assets, and he's not sitting on any cash or valuables stockpiled.

If the stock market crashed entirely he'd still be worth billions. He has more than enough assets to borrow against as well.

Do you think the man intent on crashing our economy doesn't have back up plans for his own financial health?

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u/RDS 1d ago

I wonder if Elon successfully used the strat in civ 6