Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
Its fugazi, this money isn’t real, the worth is made up and expeculated.
The eventual implosion of the American is going to be crazy, I’ve never heard any American politician even say the word austerity, they’ll be eating each other.
Ah yes, uNrEaLiSeD gAiNs.
Simultaneously worth nothing so it can’t be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.
Ever the paradox that one.
It’s still fascism, so what you are describing is just Soylent Green but the citizens have the full freedom™ to chose any colour Soylent Green they want. #free
Well, no money is real. It’s all just a made up value a bunch of people nod their heads to.
And unfortunately, it looks like the country is going to go on believing Musk’s valuation, right into a cyberpunk corporate dystopia.
A million seconds is ~11 days. A billion seconds is ~32 years. A trillion seconds is 31,689 years.
He WoRKed HArd tHo!
$3600/hour, 24/7/365 since the Pleistocene? That hard?
Being a CEO mist be the easiest fuxking job in the world. This fucker has the time to work 5 of those jobs and can still be “a top ranked player” in multiple video games!
To be fair, the last bit is a lie, but the fact he wants to lie about it does seem to indicate that he’s just sitting there playing video games though.
Its every bit as valid as his value as CEOs.
CEO’s seem like the most expensive daycare center for overgrown toddlers ever thought up.
It’s okay, it’s all unrealized gains so he can’t do anything with it except to use it as a collateral, oh and especially NOT pay taxes.
Exactly this. It’s Schrödinger’s money.
Worth nothing so it can’t be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.
Upside is if the stock crashes the banks get to harvest his organs or something. Don’t think anybody has been stupid enough to use stock collateral loans as one of their primary money source before, unless someone who threw themselves out a window during the stock market crash leading up to the great depression did so.
I see we are mixing up wealth and income again.
It is absolutely wealth if he can walk to the bank and get a loan using it as collateral.
Not what I’m saying. People are comparing his wealth to the income of nations (GPD).
Ok, depending on how you measure capital gains as income he’s still making more than half the countries on earth (~$50b, eg. Estonia) this year, if not from only today with the 20% gain on the IPO price for SpaceX.
Once it’s all said and done this year he will have “made” well into the hundreds of billions putting him probably in the top 50 countries.
I see you enjoy the taste of boot
Why do you say that?
Because you’re attempting to defend a fascist wannabe child fucker, if I had to guess.
Nope. Happy to see him get what’s coming to him.
Does he work like a piñata? Just curious.
One way to find out.
citizen. yeah, no. i’m not calling that fuckknob a citizen. citizens contribute and participate in society.
fuck elon musk. fuck xai.
build the water treatment plant you promised the people of memphis.
Is he even naturalized?
What are thé 19 countries?
I assume they mean gdp so here’s the list for countries and here’s the list with some states mixed in for fun:
- United States — $31.8T
- China — $20.7T
- Germany — $5.3T
- India — $4.5T
- Japan — $4.5T
- United Kingdom — $4.2T
(California — ~$4.1T)
- France — $3.6T
- Italy — $2.7T
(Texas — ~$2.6T)
- Russia — $2.5T
- Canada — $2.4T
- Brazil — $2.3T
(New York — ~$2.3T)
- Spain — $2.0T
- Mexico — $2.0T
- Australia — $1.9T
- South Korea — $1.9T
(Florida — ~$1.7T)
- Turkey — $1.6T
- Indonesia — $1.6T
- Netherlands — $1.4T
- Saudi Arabia — $1.3T
(Illinois — ~$1.2T)
- Poland — $1.1T
- Switzerland — $1.1T
(Pennsylvania — ~$1.1–1.2T)
Thank you vert interesting
Whatever country he dies in gets to keep the money that’s just science
It’s not one man. It’s one fascist.
Catch-22.
If he weren’t a fascist, he wouldn’t be a trillionaire.
True, but I think it’s the other way round. He’s a fascist because he’s obscenely wealthy. When you have that much power, empathy dies. It’s a downward spiral of negative feedback actually, the more power, the less empathy, the greater the lust for power and the more unscrupulous you can be, and so on.
They see the problem. They’re getting paid to ignore it.
Why would they be upset by the idea of a trillionaire making campaign donations?
All they need to do is pledge allegiance!
I’m taking a class on systems rn and we’re learning a lot of very basic level concepts that also have some overlap with business and economics. I don’t hold a degree in economics like mr. musk, but learning the little I have about systems has really made me question just wtf wealth hoarders (most of whom seem to be much more familiar with systems thinking) envision for the future?
The idea of systems balancing or collapsing seems to be fundamental to ALL systems. So even if the goal is to collapse this one, and that’s why they don’t really care/maybe are trying to ensure it’s as unbalanced as possible, what happens in the next system that emerges as a result of their success?
I really can’t buy they suddenly no longer feel the compulsive need to hoard resources because they’re motivated to preserve their own system.
Has a chat bot convinced them there’s a special loophole and the rules that apply to every other system don’t apply to theirs?
If you’re taking classes on systems, I want to know your take on this vestigial mode of attention coordination we have in our cognition that I experienced one time. The person that wrote this article is a friend who explained much, but he disappeared. I think he still lurks places, but I want to learn more about what I experienced:
We need to take it all and redistribute it.
He’s so good at the game he’ll surely have no problem winning again.
His companies operate at a loss. How is this guy a trillionare? Not in my view.
SpaceX is worth 1.75 trillion dollars
Not starlink, but yes all the others do, and some by a lot (xAI)
xAI is under spaceX, so spaceX is now operating at a loss
The people who’s money isn’t on the books because it’s too old, pay him to do stuff. These stocks are by far the easiest and cheapest way to do it.
