Veteran Democratic political strategist James Carville unleashed a blistering critique of investors who lost billions buying President Donald Trump's $TRUMP memecoin, calling their financial decision “stupid” in a Tuesday video for Politicon.
Carville's Remarks on Investor Losses
“You don’t need the money,” Carville said. “You don’t know how to handle it. You’re too stupid, and you know, if you’re one of these people that believes in, you pass certain characteristics down, maybe your heirs don’t need this money, ’cause they might be just as goddamn stupid as you.”
A report from The New York Times, citing cryptocurrency analytics firm Nansen, found that nearly 1 million people who bought the $TRUMP memecoin lost money, with total losses amounting to $3.81 billion. The disclosure came shortly after Trump's annual financial report revealed he earned $635,068,835 from a license agreement with CIC Digital LLC, the entity that marketed the coin.
Economic Darwinism and Heirs
Carville suggested that the losses among “hardworking people” might be beneficial, jokingly attributing it to “Darwinism, survival of the fittest.” He elaborated: “There’s a certain theory called economic Darwinism, and maybe the heirs of stupid shits would be better off just not having that money. And don’t worry, Trump steal it, give it, take it for himself.”
He further stated, “The fact that these people have thrown all their money away and don’t have any to spend or give to heirs, is, I think, a good thing for America.” Carville added, “They’re just some people are too fucking stupid to have money. And thank God a lot of you have found it away, and maybe the next generation that follows you will see the light. I certainly hope so. There’s some kind of economic Darwinism that has to be in effect here, but if you gave that guy money, I’m sorry, I can’t stop laughing at you.”
