Comment on Wreck the economy because it only works for the billionaire class.

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Maggoty@lemmy.world ⁨1⁩ ⁨year⁩ ago

Most billionaires aren’t billionaires in cash. If the market crashes, so do they. Now they might be reduced to “only” a hundred million or so but that can be catastrophic when your personal finances depend on billions in stock backing up a series of long term rotating loans.

They wanted to use the market to exploit the people. But that makes them vulnerable in a way rich people didn’t used to be vulnerable.

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