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Is it true that some Trump voters are saying its good that the stock market is collapsing?

Last Updated: 29.06.2025 08:35

Is it true that some Trump voters are saying its good that the stock market is collapsing?

Of course.

The stock market is owned to some 80% or more by the ultra-rich. The rest is owned by people who are still well off. They are the ones feeling the immediate pain. Not the average redneck Maga.

Of course they like it. Because you don’t, and they’re just used to it.

He invented a viral watch-cleaning device. Now he says the American dream has been 'ripped out of my hands' by Trump tariffs. - NBC News

And that’s why I wrote “redneck Maga” here. They are already in a miserable place, and don’t mind at all that misery gets spread all over like horse manure on a field. In fact, they’re likely to ask for a bigger shovel to help spreading it.

Unfortunately, what we have here is the other sort of collapse: investors doubt the fundamental ability of companies to even make money in the first place. That’s the sort of thing that translates directly into bankrupcies, livelihoods lost, and misery all around.

Now, if this had been a speculation bubble collapsing, it’s not unreasonable to see this as a necessary adjustment. In a bubble, the ultra-rich get even richer by peddling hot air, essentially. From a working class perspective, losing speculative riches just serves them right: the wealth never even existed in the first place.

She was a Disney star with platinum records, but Bridgit Mendler gave it up to change the world - Ars Technica