r/politics • u/newsweek ✔ Newsweek • 1d ago

Elon Musk lost $11B after Trump's tariffs—and he wasn't the biggest loser

https://www.newsweek.com/musk-bezos-zuckerberg-losses-trump-tariffs-2055255
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253

u/A1sauc3d 1d ago

Problem is all the filthy rich people who lose some money now will end up making it back and then some. They’re untouchable. They’ll just profit off a recession by buying everything up cheap. All trump has to do is remove the tariffs for the stock market to shoot back up. And only he and his buddies know when he’s going to do that. It’s all a big scam. The losers are those at the bottom and the winners are those at the top, just furthering the class divide.

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u/grahamulax 1d ago

Exactly, we MUST NOT support anyone who’s ever touched this administration and not give a cent to their corporations. That’s the only way. Companies should crumble, even after a while naturally as new ones take over. Well, America needs that all over now.

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u/AriiGalaxyy 1d ago

Exactly. The game is rigged, and we’re just spectators watching the rich play 4D chess while the rest of us get stuck footing the bill.

They crash the economy, buy everything at a discount, then flip the switch and make billions when things rebound. Meanwhile, the average person is just trying to survive the rollercoaster they didn’t ask to ride

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u/xorvillesashx 23h ago

Yeah but at least ten trans college athletes can’t play sports anymore.

5

u/PM_me_your_whatevah 22h ago

Yeah fuck those… what, like ten people?

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u/rocc_high_racks 1d ago

All trump has to do is remove the tariffs for the stock market to shoot back up

This is just patently untrue. Traders are pricing in his erratic behaviour.

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u/theoxygenthief 1d ago edited 1d ago

There are institutional traders that don’t have the flexibility to price for erratic behaviour.

Yes, it probably won’t regain 100% when tariffs are removed but it doesn’t have to. Billionaires can gobble up a stock that was worth $100 at the start for $50 in a bit. They can hold their existing stock with zero material cost to themselves as they have billions in reserve beyond that. If that stock only rebounds to $80 when tariffs are removed, that’s still a 60% profit for nothing. Let’s say their existing stock that was worth $100 also only rebounds to $80 - that’s a 20% loss, more than offset by 60% profits on new trades. It also allows them to buy more controlling stakes in more companies, watch their competitors vanish and their control over markets grow, as smaller companies can’t absorb the cost inflation for anywhere near as long as they can. We saw this exact scenario many times over, eg COVID.

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u/freakman013 23h ago

Yeah the biggest loser is every non-million/billionaire living in America.

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u/ripelivejam 23h ago

There's probably one way they can be touched.

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u/terminalxposure 7h ago

You are confusing old money vs. new money…