- cross-posted to:
- technology@lemmy.world
- world@quokk.au
- cross-posted to:
- technology@lemmy.world
- world@quokk.au
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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.
Disgusting. Now let’s tax the fuck outta him and all the other obscenely rich fucks!
So NOW it’s gonna start trickling down right?
He is as overvalued as his companies. The stock markets speculation and juicing of stock prices on hype is so obscene. Space X lost billions last year. Its road map to profitability is dependent on tech that doesn’t exist yet and government contracts from an over leveraged government and a right wing party rapidly losing favor. Tesla is wildly overvalued as well. He is a hype machine with little substance and his wealth is very tied to that hype. Fuck Elon.
you’re describing literally every billionaire
Most, maybe, but off the top of my head, I can think of two easy counterexamples:
- Warren Buffett’s wealth is in diverse investments; it’s only inflated insofar as the entire stock market is overvalued
- Gabe Newell’s wealth is almost entirely in Steam, which isn’t even publicly traded so can’t really be overvalued by “hype”
True that - Elon is just the most glaring example.
Kill em all
Can we guillotine him now?
Is he still wearing his kid like a human shield?
Don’t let that be excuse. He’s growing up under Musk’s guidance.
Yeah fuck him and his entire family besides his daughter that disowned him.
One million seconds is 11.5 days. One billion seconds is 31.7 years. A trillion seconds is 31,688 years.
A million dollars would change anyone’s life.
Nobody needs a billion dollars, and a trillion dollars is so obscene that humanity deserves to become extinct because we’ve allowed this to happen.
Elon could singlehandedly save the planet, but he’ll take it all to his grave (on Mars), and then lawyers will fight over his mountains of money.
When it’s all over, his money will help nobody…and he’ll likely break a trillion by fleecing retirement funds out of all their money when SpaceX forces funds to buy into the pump & dump.
One million seconds is 11.5 days. One billion seconds is 31.7 years. A trillion seconds is 31,688 years.
Or with monetary comparisons, there’s only a handfuld of countries on this planet with higher GPD than his net worth. Or, if that was somehow some kind of value instead of made-up numbers, Elon alone would contribute to the world about as much as half of Canada or everyone in Taiwan.
Obviously that doesn’t quite work like that, but maybe one person should not have more financial leverage than majority of whole countries on the planet.
It’s funny that we’re at the point where we have billionaires who aren’t even on the same order of magnitude as those approaching the trillionaore threshold.
Imagine having 5 billion dollars to your name and some dude out there has 100 times that amount at 500 billion dollars.
Very little of it is liquid though , and he only got this far because of US contracts. Billionaires should exist period. Also if it’s not liquid and it’s only finance because of stocks who cares. Start closing the fucking tax loop holes don’t let these fuck tards get away with taking out loans over their stocks and never get taxed.
lmao if you’re a worker you’re closer to begging for scraps on the street than ever being a millionaire, let alone being a billionaire
Wannabe billionaire joins the conversation.
You mean “shouldn’t”, right?
Billionaires should exist period.
Why? What good do they do for society that’s not possible otherwise?
Billionaires shouldn’t exist period.
