this post was submitted on 14 Mar 2025
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This is actually what real 1%ers want. They can easily absorb the blow, and now they can actually buy more for less. When the market recovers, they will have increased their wealth exponentially. They paid for this to happen.
0.01% percenters maybe.
1% in the US is about ½ million annual income. A lot of money to be sure but common enough that you're not anything exceptional. You'll never worry about money, but you're still working a job and you're still fucked if you lose it. You're still incapable of solving world hunger. Maybe you could sort out a neighbourhood hunger problem.
1% globally is about $50,000 income annually. Now you're really amongst the working population in the US. They're not absorbing any blows.