Apart from Luigi, who is mulching/has muclh4d b/millionnaires recently? I must have missed that news item.
Hope your crypto investments work out better this time. Maybe lean on the stocks a little more.
P. S. I think that there’s a wide continuum of posters. It’s not all one guy with one ideology and 100,000 accounts.
My use of the “Mulch the rich crowd” as people who will, at least (or perhaps at most) express the desire to grind up billionaires, or maybe millionaires into more useful biomass, such as mulch for their vegetable garden or community allotment.
You used it seemingly as a term for “people with lots of money and investments” thus able not only to not sell to keep up with cost of living increases, but also buy up things sold by those who needed to liquidate assets to keep themselves afloat.
Now, they may not be mutually exclusive circles - but the overlap would be neither informative nor relevant to the point.
For instance if someone is talking about birds and mentions a quality of vertebrates, and you come in with “and vertebrates can breathe underwater!” because fish are vertebrates and you are very clever.
I think we understand “mulch the rich crowd” very differently.
But rich people, on the whole, cope better with economic downturns because they have more resources to play with and aren’t living paycheck to paycheck.
So why would the mulch the rich crowd be celebrating?
It seems mostly centre left, with a strong added helping of either liberterianism/anti-authoritiatianism or tankie, that’s certainly true.
You’re right, that there are smug keyboard warrior types, like those who were delighted that Thailand or Vietnam sentenced that female millionaire to death while letting the men involved off. I took umbrage with them. It wasn’t revolutionary, it was sexism and maintaining the status quo.
You have the right idea with investing, too - if its something one wants to do. Provided you can keep earning enough to not need to sell unplanned. Follow the market, but don’t let panic take over. Good luck with it all.