How do this recession is going to effect on Bill gates and Donald Trump like rich ppl?
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jonathan asked:
How do this recession is going to effect on Bill gates and Donald Trump like rich ppl?
Lynn
How do this recession is going to effect on Bill gates and Donald Trump like rich ppl?
Lynn
May 13th, 2009 at 5:16 am
They’ve got plenty of money stored in real estate and other secure holdings so they’ll be fine I’m sure.
May 16th, 2009 at 4:31 am
They lose a lot of money, but they’ll be okay. Multi-billionaires can afford it.
May 17th, 2009 at 10:03 am
its not, there rich, they could stop doing everything that thier doing and run away to a private island and retire.
May 20th, 2009 at 8:26 am
Most of these people are so rich that it won’t make any difference to how they live.
May 21st, 2009 at 2:40 pm
it’s way beyond their cares. they probably have plenty to keep them going for years and years.
May 24th, 2009 at 5:54 am
Warren Buffet owns a big part of American Express which as you must have noticed became a bank (right after the bailout)that issues credit (and Paulson just said they are trying to get the money to consumer credit lenders) So Buffet will receive lots of our money. Buffet is the wealthiest man in the world and he supported Obama, and Obama supports the bailouts.
Sometimes party has little or less to do with who is who.
It is Obama that is as much for the Global elite as Bush was.
Trump gains nothing from the bailouts and was against them. He would have rather seen the markets correct themselves and he is correct. He is not really any part of the Global Elite. Gates may be another matter, but Gates is odd to begin with in his personal/family beliefs.
May 26th, 2009 at 3:12 pm
Recessions don’t hurt the very rich. They are still able to invest in ways that their wealth still grows. For example, Warren Buffet bought up a ton of the sub-prime mortgage paper, toxic stuff, knowing that he would live long enough to see it be worth much more than it currently is. The middle class and poor are unable to make these long term investments.
May 29th, 2009 at 4:37 am
Well since the banks aren’t lending, Donald Trump can’t borrow the hundreds of millions of dollars he needs for a project he’s working on in Chicago. (Saw that on an interview this morning).
I would imagine that Gates might see a reduction in software sales.
All in all, I doubt that they’ll starve.
May 31st, 2009 at 3:35 am
Not one bit, lol
June 2nd, 2009 at 2:23 am
Will not hurt them one bit. Nor will the tax hike on them that Obama and his followers wants to do. They are smart and experienced and that is why they are rich and you aren’t.