Summary
Home Depot co-founder and GOP megadonor Ken Langone blasted Trump’s sweeping tariffs as “bulls–t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.
Langone criticized the administration’s formula, based on trade deficits, as nonsensical.
Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.
Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being “poorly advised” on trade policy.
These kinds of people could lose 90% of their wealth and nothing material would change in their lives (ok maybe after they drop down to mere 100 millionaire status they’d have to sell the mega yacht). It’s hilarious to see people like this getting upset because “number went down”, when they could just choose to not be upset about it-- they’re literally too broken in their brains to be happy.
I don’t think it’s just about possessions for them, it’s about power, influence. If he get’s slightly poorer, he may no more be able to buy politicians and make them do what he wants.
They have mental illness - OCD and Hoarding.
If I collected old newspapers, or cats, or old vehicles, etc., far beyond what anyone would consider normal, I’d be called a hoarder, and people around me would try to get me medical attention.
But when these people do the same thing with money, they are practically worshipped, and they are encouraged to hoard more, and use their money to change the laws to get them even more money to hoard. Imagine someone who is hoarding hundreds of cats, and actively breeding more of them. NOBODY would encourage it, they would take the cats away, and find them new homes, and get psychatric treatment for the hoarder.
We need to treat billionaires like the financial hoarders that they are. Take away their hoard, and discourage hoarding behavior in the future, for the same reasons that we would remove the cats - because it’s bad for society.
Leopards or something, I think.
So he got conned by a con man. You know what you called people who got conned? Suckers and losers.
Sit back, and watch your shit get wrecked by the man you thought you’d purchased.
That’s the power of the Home Depot.
“These tariffs are affecting me, there for they are bad and wrong! He should have calculated them in such a way that didnt affect me, personally!”
