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#billionaires

216 posts66 participants3 posts today

Todays 100+ #billionaires according to #Bloomberg:

#1: Elon Musk - $290B - USA/Tech

#2: Jeff Bezos - $192B - USA/Tech

#3: Mark Zuckerberg - $181B - USA/Tech

#4: Warren Buffett - $154B - USA/Diversified

#5: Bernard Arnault - $154B - France/Consumer

#6: Bill Gates - $147B - USA/Tech

#7: Larry Ellison - $144B - USA/Tech

#8: Larry Page - $131B - USA/Tech

#9: Steve Ballmer - $125B - USA/Tech

#10: Sergey Brin - $124B - USA/Tech

#11: Jim Walton - $101B - USA/Retail

#12: Rob Walton - $99.1B - USA/Retail

Total wealth: $1.84 Trillion

Full List: bloomberg.com/billionaires

Continued thread

"Recessions also give political cover to Trump, Musk, & Republican efforts to reduce labor and environmental standards.

Also, remember the business cycle. A recession early in Trump’s term is politically better for Trump & his Republican allies than a recession later in the term.

I believe Trump’s plan is for a recession in 2025 so that he and his billionaire buddies can ride the wave of a recovery in 2026 — just in time for the midterm elections."

#Trump #tariffs #recession #billionaires
/6

Continued thread

"What’s really going on with the economy? I believe Trump and his billionaire buddies — the American oligarchy — have a plan. ...

A recession is not necessarily bad for Trump and his billionaire buddies. America’s oligarchy depends on periodic recessions.

Recessions are opportunities to buy up real estate, companies, and shares of stock at bargain-basement prices."

~ Robert Reich

#Trump #StockMarket #tariffs #recession #billionaires
/5

smirkingchimp.com/node/113500

www.smirkingchimp.comWhy We’ll Have a Recession | The Smirking Chimp

Billionaires Bought Their Own Shares Ahead of Fresh Market Surge

bloomberg.com/news/articles/20

Some of the world’s super-rich boosted allocations to their major listed assets amid the bedlam in global markets, buying ahead of a stock surge prompted by President Donald Trump pausing higher reciprocal tariffs on most nations.

Continued thread

"I hope MAGA investors enjoy the crisis they caused. Right-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets."

~ Ryan Cooper

Germany's business leaders put Hitler into power because they imagined they could contol him and get what they wanted from him. And then….

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/11

prospect.org/economy/2025-04-0

The American Prospect · I Hope MAGA Investors Enjoy the Crisis They CausedRight-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets.
Continued thread

Heather Cox Richardson on the "Wall Street billionaires" who put Trump into office now trying him to back off from the tariff madness:

"With Trump’s extraordinary tariffs now threatening the global economy, some of those who once cheered on his dictatorial impulses are now recalling the checks and balances they were previously willing to undermine."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/9

heathercoxrichardson.substack.

Letters from an American · April 8, 2025By Heather Cox Richardson
Continued thread

For the past several years, I've been arguing with AI advocates about the purpose of the technology they're enamored with. I mean don't get me wrong, I'm aware that there are use cases for so-called AI programs that aren't inherently evil, but when you take a look at the nazi billionaires who're behind the projects to force widespread adoption, their long term plans to establish city-state dictatorships out of the hollowed out core of the nation-state era, and what these guys ultimately do with it, it's pretty clear AI is a fascism machine; just as much as IBM's punch card computers were a genocide machine for the Nazis. It doesn't have to be this way, but this is the way it is.

As such, I can't say I'm shocked that after Elon Musk bought himself a president, the first thing he started doing is using AI purge his political enemies as well as their ideas, sort surveillance data to identify targets for a white nationalist regime, and now spy on federal workers in search of those with insufficient loyalty to God Emperor Trump, the regime, and Musk himself.

reuters.com/technology/artific

Exclusive: Musk's DOGE using AI to snoop on U.S. federal workers, sources say

"Reuters’ interviews with nearly 20 people with knowledge of DOGE’s operations – and an examination of hundreds of pages of court documents from lawsuits challenging DOGE's access to data – highlight its unorthodox usage of AI and other technology in federal government operations.

At the Environmental Protection Agency, for instance, some EPA managers were told by Trump appointees that Musk’s team is rolling out AI to monitor workers, including looking for language in communications considered hostile to Trump or Musk, the two people said.

The EPA, which enforces laws such as the Clean Air Act and works to protect the environment, has come under intense scrutiny by the Trump administration. Since January, it has put nearly 600 employees on leave and said it will eliminate 65% of its budget, which could require further staffing reductions.

Trump-appointed officials who had taken up EPA posts told managers that DOGE was using AI to monitor communication apps and software, including Microsoft Teams, which is widely used for virtual calls and chats, said the two sources familiar with these comments. “We have been told they are looking for anti-Trump or anti-Musk language,” a third source familiar with the EPA said. Reuters could not independently confirm if the AI was being implemented.

The Trump officials said DOGE would be looking for people whose work did not align with the administration's mission, the first two sources said. “Be careful what you say, what you type and what you do,” a manager said, according to one of the sources."

Naturally the regime and DOGE have denied that they're using AI to conduct "thought" policing inside the federal workforce, but I think given how readily the Trump administration has engaged in clear ideological warfare and suppression against its perceived political enemies, that denial sound a lot like a hollow lie. Speaking broadly however, I can't say I'm surprised at all that this is where a technology like AI and the billionaire nazis who're pushing it, have lead us as a society. There are a near infinite number of things "AI" technology is terrible at, but one thing it does really well is sort through the vast amounts of data and metadata collected as part of our already existing police state panopticon society; in fact, without automation we really wouldn't be able to sift through that amount of data at all with human eyes. AI doesn't have morals, it doesn't have humanity, it doesn't have any sense of what's right and wrong; it presumes the world it's programmed to presume, and engages in the tasks it's purposed to engage in - and billionaire nazi cultists who want to build their own technofeudalist dicatorships are the guys in charge of the coding and tasking of this technology. Whether it's picking out targets for extermination by the IDF during a genocide in Gaza, hunting down student protestors in vast seas of education and immigration data, or spying on federal workers for anti-Musk sentiments, the fact is fascist oppression and violence *can* be automated - particularly if you don't give a fuck about false positives because you're a soulless nazi murderbot.

Todays 100+ #billionaires according to #Bloomberg:

#1: Elon Musk - $298B - USA/Tech

#2: Jeff Bezos - $196B - USA/Tech

#3: Mark Zuckerberg - $183B - USA/Tech

#4: Warren Buffett - $154B - USA/Diversified

#5: Bernard Arnault - $150B - France/Consumer

#6: Bill Gates - $149B - USA/Tech

#7: Larry Ellison - $147B - USA/Tech

#8: Larry Page - $134B - USA/Tech

#9: Steve Ballmer - $126B - USA/Tech

#10: Sergey Brin - $126B - USA/Tech

#11: Jim Walton - $103B - USA/Retail

#12: Rob Walton - $101B - USA/Retail

#13: Alice Walton - $101B - USA/Retail

Total wealth: $1.97 Trillion

Full List: bloomberg.com/billionaires

All #billionaires deserve to be mocked all day and every day.
“The world's richest man found himself being brutally bullied by gamers across the globe, with some stinging personal swipes. One wrote, "You have no real friends and will die alone," while another said: "You ruined the country just like you ruined all your marriages." #ElonMusk mirror.co.uk/news/us-news/elon

The Mirror · Elon Musk 'rattled' as he's brutally trolled during livestream from his private jetBy Ryan Fahey

Hope #MAGA #Investors Enjoy the #Crisis They Caused
🤦‍♂️" #Australia, for e.g., has a substantial #trade #deficit in goods w #US (meaning it imports more fr #America than it exports to it), yet it still got a 10% #tariff.. we’re blowing up e #global #economy so bankers can safely say “pussy” at e office. It only strengthens e case for e next Democratic president, if there's one, to #tax #billionaires out of existence. There is no point in appeasing these ingrate #imbeciles"💸
prospect.org/economy/2025-04-0

The American Prospect · I Hope MAGA Investors Enjoy the Crisis They CausedRight-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets.