I didnt have much to begin with only lost about 12k, I have nothing anyway. My mother lost roughly 100k in her retirement fund from all this crashing. My grandmother even more. How much have you lost in Trump’s Tantrum Tariffs game?
Lemmy wants to eat the rich and wants rich people to lose all their wealth. They should be celebrating.
Unless of course…most of Lemmy is actually what most people would consider rich. Hmmm…
But rich people, on the whole, cope better with economic downturns because they have more resources to play with and aren’t living paycheck to paycheck.
So why would the mulch the rich crowd be celebrating?
So why would the mulch the rich crowd be celebrating?
Because they know they aren’t “losing” money in the market because they aren’t selling like panic buyers are. lol They are buying.
Buy the dips. Sell when high. That’s how they stay rich. They are laughing at you right now
I think we understand “mulch the rich crowd” very differently.
Yeah? So explain the differences.
My use of the “Mulch the rich crowd” as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
You used it seemingly as a term for “people with lots of money and investments” thus able not only to not sell to keep up with cost of living increases, but also buy up things sold by those who needed to liquidate assets to keep themselves afloat.
Now, they may not be mutually exclusive circles - but the overlap would be neither informative nor relevant to the point.
For instance if someone is talking about birds and mentions a quality of vertebrates, and you come in with “and vertebrates can breathe underwater!” because fish are vertebrates and you are very clever.
My use of the “Mulch the rich crowd” as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
Seems to be happening today! How come no celebration? I remember seeing Lemmy posts where people wanted to see wall street burn to the ground! Then it’d get hundreds of upvotes. What happened? Where’s that crowd?! lol
Here’s the real reason, IMHO: Because for all of the anti-wall street talk, and the anti-wealth talk, the fact is that Lemmy users on average make more than most americans. So when shit like what’s happening happens, it actually affects them. The very fact that there are so many Lemmy’s worried about their stocks shows that they are the part of the very crowd the like to see destroyed. It was all for upvotes.
Reality hits different.
Now as much as I would love to see this continue to happen. And Lemmy actually be as poor in reality as they pretend to be, I know the market dip won’t last. No millionares are gonna lose their status. All the crying Lemmys who are making $100K a year will be just fine, and they’ll continue acting like they make $15K a year and then watch their stocks rise in between fake justice warrior postings.
So yeah, I am fucking loving the news. Loving what is happening. And I think people are getting exactly what they deserve.
Also, I’m already poor. The wall street news hasn’t changed my life at all. No one tiny bit. Except that my little extra fun money is now being used on buying stock and crypto cuz it’s all cheap! lmao
Except that my little extra fun money is now being used on buying stock and crypto cuz it’s all cheap! lmao
And I was right when I said that. Cuz I now market is getting back up. This is awesome
