Tag Archives: rants

Rich people love a bad economy.

My friend that rants and rambles starting to rant about why rich people love a bad economy in his rant he says that people with millions of dollars are able to buy up everything for pennies on the dollar and billionaires are able to buy up much more for much less. He says that homes that would have sold for hundreds of thousands of dollars each are now being sold for foreclosure prices of 10 to 20 thousands. Cars that would have sold for 40,00 are selling for 5 to 10 thousands and stock that were selling for hundreds per share are now being bought up for 2 to 5 dollars.

And that any time there is a recession it just pretty much screws the poor as for we are all running around trying to figure out where we are going to get our next meal from or how we are going to pay the rent or electricity bill these guys are running around buying up everything for pennies on the dollar and vacationing . And finally he finishes off with do you think a millionaire cares if gas was 8 dollars a gallon?

Advertisements