Trump offered scant details on how he would reduce taxes and cut back on business regulations, according to two people in the room.
  • Ghostalmedia@lemmy.worldEnglish
    492·
    5 months ago

    The dumb ones will. The smart ones know that demagoguery and authoritarianism can impact trade and currency valuation, and investing in them is a great way to lose a lot of money.

        • Wrench@lemmy.world
          3·
          5 months ago

          Yet, he will happily carve out ginormous advantages for his big backers. So they don’t give a shit if the castle falls as long as they can loot the treasury and get out first.

      • Ghostalmedia@lemmy.worldEnglish
        51·
        5 months ago

        Not every billionaire thinks Trump is the best way to get richer. Many think he’s a good way to lose a lot of money.

        Greed gonna greed. Some billionaires think Trump will make them money, others think the opposite.

      • Ghostalmedia@lemmy.worldEnglish
        12·
        5 months ago

        Nope. The rich are greedy and I’m just saying that not all of them think Trump is smart investment.

        • eestileib@sh.itjust.works
          7·
          5 months ago

          https://www.motherjones.com/politics/2024/06/rich-top-100-campaign-donors-lean-trump-republican/

          … the lion’s share of confirmed contributions from the biggest political givers—the top 100 families—have flowed to Republican candidates and groups.

          In the “hard money” category—direct donations to candidates, which federal law caps at modest sums—Republicans took in 27 percent more from the Top 100 families than Democrats did ($85.9 million vs. $67.9 million).

          But looking at all federal contributions, including “soft money,” a category that tallies the generous donations allowed to party committees and the unrestricted contributions to SuperPACs, Republicans raked in a whopping $508 million from the Top 100—triple the Democrats’ $169 million take.