“The world’s 10 richest people got a record $64 billion richer from Trump’s reelection…
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| BEZOS | Ellison | MUSK | ZUCKERBERG/not mentioned |
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| Gates | Ballmer | Page |
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| Brin | Hathaway | Buffett |
The transfer of wealth to the 1% during the next four years will be historic…”
I had to post this ridiculous article. The headline makes it sound like President Trump just decreed a boon for the Rich. Like their gains were directly due to his personal actions. It is absolutely media spinning the news. The gains these billionaires gained were strictly due to stockmarket increases. Naturally the stock market is going to show a gain when President Trump gets back into office. We all have seen how he improved our economy when he was last in the Whitehouse.
AND, naturally, the ones who profit the most when the stocks go up are the RICH. The RICH GET RICHER AND THE POOR GET POORER. It has ever been thus. To make money you have to spend money. The RICH have much more money to invest.
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AI Overview / Learn more…Opens in new tab
Yes, the Bible verse Matthew 25:29 suggests that the rich get richer, while the poor get poorer:
This verse is also known as the “Matthew Effect”. It’s often used to describe the effects of free market capitalism and the resulting inequality. However, some say that the verse can also be interpreted in another way:
The Bible also includes other passages that relate to money and wealth, such as:
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THE BIBLE ALSO SAYS:
1 Timothy 6:10
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. |
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It is no surprise that even President Trump gained in the stockmarket. He is a businessman with investments.
By the way… I would like to see the mainstream media start referring again to PRESIDENT TRUMP as PRESIDENT, Mr. President, President TRUMP or THE PRESIDENT. They still call Obama PRESIDENT OBAMA. He has legally been out of office for 8 years!! Though we know he has been running the show from his armchair.
President Trump should be treated by all Americans with respect and dignity due the office.
The lamestream mainstream media and the Demoncrats love to spread fear and hopelessness. They want you to believe that if they are not running things our nation will go to the dogs. They keep telling you that President Trump will destroy our nation and favor only the rich.
NOT SO LITTLE ONES… do not fear!! President Trump is a businessman who KNOWS how to get our economy back up. If the DEMONCRATS and NGO’s will quit trying to sabotage his every move… THERE IS GREAT HOPE for America.
OBAMA CLAIMED TO BE THE HOPE FOR AMERICA… He has had 16 years (2 terms in the Whitehouse and 1 from his LAIR) to show us what he can do, BUT WHAT WE HAV SEEN AT HIS HAND WAS THE DESTRUCTION OF OUR NATIONAL SOVERIGNTY AND OUR ECONOMY! WE ALSO SAW HATRED, RACISIM AND CIVIL UNREST as well as TOTAL DESTRUCTION OF OUR NATIONAL SECURITY THROUGH THE OPEN BORDERS AND MASS INFLUX OF ILLEGAL IMMIGRANTS!
ALL I AM SAYING IS…GIVE PEACE A CHANCE. (Don’t fight, argue, whine, mumble and grumble. Let go of all your efforts to control what is happening. You have no power to control anything, not even yourselves. Only by God’s grace can we walk uprightly.) ALLOW OUR NEW PRESIDENT TO SHOW US WHAT CAN BE DONE TO BRING AMERICA BACK.
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Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index.
The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg. Amazon founder Jeff Bezos’ wealth grew $7.1 billion a week after defending his decision to withhold the Washington Post’s endorsement of Vice President Kamala Harris. Oracle cofounder Larry Ellison, another Trump supporter, saw his net worth rose $5.5 billion Wednesday.
Other gainers include former Microsoft executives Bill Gates and Steve Ballmer, former Google executives Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett. Although none of those billionaires endorsed a candidate this year, they have spoken in favor of Democratic candidates and causes in the past.
Bloomberg notes it’s the “biggest daily increase” of wealth it’s seen since the index began in 2012,. The market rallied Wednesday as the election concluded swiftly and with expectations that Trump will usher in a new era of deregulation and other pro-business laws and policies investors believe could benefit the stock market overall — especially billionaires who hold much of the world’s wealth.
“There is this huge perception of business friendly, tax-friendly regime coming into place, especially with them winning the Senate,” said Michael Block, chief operating officer at AgentSmyth.
Truth Social owner Trump Media & Technology Group, Trump’s social media company, also cashed in with shares skyrocketing in value after CNN and other media outlets projected Trump won. The stock rose as much as 35% at one point before fading.
Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. The president-elect’s 114.75 million shares were worth about $5.3 billion briefly based on those early gains, up from $3.9 billion when trading ended on Election Day. $5.3 billion to $3.9 Billion is not that huge an increase.
President Trump has never seemed to be so focused money. He really has demonstrated that he cares about America and Americans. Yes, I know he is a businessman and he makes a lot of money. That is the main reason why he was able to run for President. You are not going to find some Joe Schmo from Cocaomo running and winning and rebuilding our Nation.
We should be thanking GOD that he has given us this opportunity to see our Nation restored. Pray for our President. And for all of our leaders. They need our prayers.