You know that number is entirely theoretical, right?
If he were to sell all of his stock tomorrow, it would tank the value immediately and he’d never get even close to half of that money (probably far less).
I didn’t say that. I said nobody should have that much wealth. If the business is worth that much, no one person should own that large of a stake in it because it’s apparently a very important business.
It’s not as insane because there is a significant difference between liquid and illiquid assets in how these can affect the world. However, regardless of how it compares, people owning more than a billion is one more sign our global economic system is very broken (and trillion even more so).
Elon isn’t hoarding cash
Owning 1.3T of anything is a hoard by definition. I would be surprised if anyone at any time in history has ever owned a trillion of anything
You know that number is entirely theoretical, right?
If he were to sell all of his stock tomorrow, it would tank the value immediately and he’d never get even close to half of that money (probably far less).
So no one is own to own a company? Because that is all his wealth. It’s stock shares.
No one person should have that much wealth. Correct.
It’s crazy that you think someone can’t own a business
I didn’t say that. I said nobody should have that much wealth. If the business is worth that much, no one person should own that large of a stake in it because it’s apparently a very important business.
Genuinely asking what’s the difference?
Like sure liquid $1T would be insane for one person to have, but a $1T company is equally as insane
A 1 trillion company trading at 350 p/e tells you everything you need to know about how liquid the market would be if he tried to sell it all
It’s not as insane because there is a significant difference between liquid and illiquid assets in how these can affect the world. However, regardless of how it compares, people owning more than a billion is one more sign our global economic system is very broken (and trillion even more so).
somehow =
what a fucking idiot
He doesn’t have a trillion dollars. Are you an idiot?
Come back to the comment in four months.
Yes, I can see the future.
That he still won’t have a trillion dollars? He didn’t when have a billion.
Buddy you love licking boots
Same old tired npc response.