It’s still up +10% over the last 6 months. Hopefully with how it’s going, not for long.

I hope he does that.

The value dropped because of him, so likely would drop even faster.

Yep, and honestly why wouldn’t I think that? Practically everywhere on Earth for the past decade has been nothing but the worst people imaginable getting exactly what they want. Why would this time be any different?

The mega wealthy use their stock as collateral for extremely low interest loans. They need 100 million dollars? They take out a 100 million dollar loan at 1%/yr interest and stake 100 million of stock as collateral.

This way, they get 100 million to spend ans pay 1% as “tax,” not the 15% that capitol gains demands.

The less value his stock holdings have, the less collateral he has, the less money he has, the less power he has.

From a wider stance, severely gutting the wealth of a billionaire by organized class action is a loud and clear warning to other billionaires to pump the brakes on trying to restart the gilded age. Millions and millions of people working together can hurt them more than a tiny few of the ultra wealthy, ultra connected can help them. That’s the point.

Make billionaires wary again.

This is an assault on the fine and hard working staff at EITEMONLONS