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by Dracophoenix
1482 days ago
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>If the wealthy lost money proportionate to their gamble and literally fell on the streets, shoulder to shoulder with the commoner, most people wouldn't have a problem with a fed downturn. Isn't that exactly what happens when the stock values go down? That most don't end up on the street isn't a result of any magic tricks, but of diversifying investments. So if Amazon goes to shit during an upcoming recession/depression, I would assume that Bezos has more than enough money parked in real estate or other assets. |
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But the real problem is bailouts and cheap loans for the rich to cruise through the downturn while the ordinary person will likely lose their job and healthcare.