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#networth

3 posts3 participants1 post today
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@knittingknots2

#ChuckSchumer doesn't care

#Schumer doesn't care about #YoungPeople or #OldPeople or any part of #America

Schumer cares only about the geriatric white men of the #DemocraticNationalCommittee and his world-class #HealthCare and his lifetime #Pension and his personal #NetWorth

Schumer is gliding down, hanging from his #GoldenParachute, descending into the #GoldenYears of his retirement

That's all that matters now

The #UnitedStatesofAmerica can go suck eggs for all Chuck cares

Replied in thread

@xankarn

"The Resistance doesn’t seem to run through the Democratic Party right now."

The #DemocraticParty is asleep

The leadership of the #DNC has checked out

The senile old white men of the Democratic party have opened their Golden Parachutes and are softly descending downward to the Golden Years of their retirements

Nothing will touch their world-class #HealthCare, their lifetime #Pensions, their #NetWorth

They've got everything they need

They've checked out, leaving the United States holding the bag

As microcomputers became widely available circa 1980, one fad I recall was software that would help calculate your financial "net worth".

This week's murder of UnitedHealthcare (UHC) CEO Brian Thompson makes me think of "net worth" very differently.

In his 50 years of life, he had amassed nearly $50-million. Yet, someone thought he was worth so little that he should be shot dead. And online we see little, if any, sympathy for him or the way he ran his business. In short, the masses seem to think that the world is better off without him; as I learn more about him and how he ran his business, I'm guilty of this myself.

Instead of counting financial wealth, perhaps "net worth" should include a measure of how many people would miss you when you're gone vs. how many would wish you dead.

Continued thread

#TrumpMedia, which now accounts for roughly HALF of #Trump’s #NetWorth, presents conflicts of interests for TFG, acc/to #ethics experts. While there have been concerns about donors & special interests seeking to curry favor w/the #Republican candidate…, this is the first known instance of a politician helping Trump in a private matter involving his social media #business.

And it shows that as Trump has presented himself as an #immigration hawk, his company has sought #SpecialTreatment….

Truth Social Won't Bail #Trump Out

Yes, the company went public. No, it is not a financial success—or even a lifeboat.

Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.

Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.

#finance #law #socialmedia
slate.com/business/2024/03/tru

Slate · No, Truth Social Isn’t a Cash Cow for Donald Trump. Here’s Why.By Nitish Pahwa
Continued thread

…The #Tesla pay package helped propel #ElonMusk’s #NetWorth to ~$200B, making him the world’s richest person. If he’s forced to return the stock grants, his #wealth would take a significant blow, probably knocking him out of the top spot.
But the hit to his net worth wouldn’t necessarily be straightforward. Because so much of his wealth is tied to Tesla’s valuation, the potential shock to the co’s stock price could cause his net worth to tumble further than the $56B value….

Continued thread

#Trump wrongly profited & saved money by inflating Trump’s #NetWorth by up to $2.2B a year, & his business partners were #cheated out of potential earnings, acc/to #NYAG James.

Trump & his lawyers have denied any wrongdoing, saying that the company followed standard business practices.

NY Supreme Court Justice Arthur #Engoron, who is overseeing the trial, previously set a date for final arguments in January & said he hoped to issue a verdict that month.