this post was submitted on 13 Mar 2025
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Its all losses on paper, unrealized losses.
I could see them all coming out ahead in some other way, tax minimization, write downs/write offs, other financial methods not accessible to normal people that don't have a fleet of accounts and tax lawyers on retainer. And they'll all be ready to profit massively during and after any future crash.
The cynic in me says that they all have a bunch of call/put options, algorithmic high frequency trading and dark pools at the ready, or other bets that'll make them massively rich and any upcoming stock market crash is calculated and planned by influencing a bought president. Maybe that's giving them too much credit but the people that advise these billionaires and the president are definitely ready to profit off of whatever is coming.
Also the bit that everyone's leaving out, since election day, all these guys had huge boosts to their stocks. All the current losses basically corrected whatever gains they got since November.
Basically, they aren't hurting yet.
Exactly. You could reduce their wealth by a factor of 1000, and they would still have more than 90% of people. They will never be genuinely hurt by losses. Not like 99% of people would be.
The chart shouldn't make anyone happy. The true horror of it should be realized; in reality it's an accounting of how much they're "spending" money to make money. They will continue to make more. The scales here are unfathomable to most people.
It's borderline misinformation to not include their total wealth for context.
It is misinformation. It was probably designed to make us think we've won and to relax our gaurd