[itake]

Also the rich have cash flow and can continuously invest during crashes.

The top 10% aren’t losing their jobs in a crash, but the bottom 50% might.

So while the top 10% keeps investing and will maximize the recovery, the bottom 50% will cash out at the bottom and won’t return to invest for years after their emergency fund has recovered.

[JumpCrisscross]

> the rich have cash flow and can continuously invest during crashes

There are a lot of levered rich people. Musk would be screwed if he got margin called on Tesla.

[itake]

I remember reading during covid about how Zuck lost billions in a single day. But he never lost his job. Meta kept paying him and he continued to invest throughout covid.

[actionfromafar]

So you are telling me there is hope after all?

(I mean, unless there's a federal ruling that it's unconstitutional to let a Musk and his money part ways.)

[Jensson]

Hope for what? Who would benefit?

[actionfromafar]

The American people, the Constitution, Ukraine, Europe, the whole world probably. The US is about to drag the world into a recession or a War Economy.

[Jensson]

Why would that change for the better if Elon lost a lot of money? People become more aggressive when they lose a lot, not less.

[actionfromafar]

And that is often their downfall, overextending themselves.

[itake]

I think its less than you think, but certainly not zero.

Even if Musk filed bankruptcy yesterday, he would still end his life a multi-billionaire.

[suraci]

when Musk and you are both screwed, which of you can get the big money from the government