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I am firmly convinced that most of the problems facing humanity can be traced directly back to billionaires like him.
It’s quite simple: you can only become that rich if you are an utterly inhuman, unscrupulous monster. Unfortunately, it is precisely these monsters who rule the world, and they have created systems that require you to be a monster in order to succeed.
I don't care at all about how they acquired their wealth.
Its just not in anyone's best interest to have so much wealth horded and controlled by one person.
He's using that money to influence social norms and political outcomes. It means he's pretty much the unelected supreme leader of the terran empire.
I am firmly convinced that most of the problems facing humanity can be traced directly back to billionaires like him
No doubt about it.
It’s quite simple: you can only become that rich if you are an utterly inhuman, unscrupulous monster
Unfortunately, it is precisely these monsters who rule the world, and they have created systems that require you to be a monster in order to succeed.
As for a solution..
For him, giving someone enough money to become a multi millionaire on the spot takes as much money relatively as handing some change to a beggar does for me. He could hand out $100,000,000 every single day (!!!) and even if he doesn't gain wealth in any other way, it'd take him almost 22 years to run out of money. Or he could pay 400,000 people $100,000 a year to just go around and tell everyone how great he and everything he does is and the money would last 20 years.
Wealth like that is a serious threat to society, probably even the most serious threat.
Having power and wealth destroys empathy for less powerful people on a physiological level. That allows them to exploit people harder to get more wealth and power.
Taxing they wealth away doesn't work. Maybe just put people in jail for every year they have x amount of dollar. You can be free or wealthy, not both.
Just an FYI, that goes all the way down the power chain. We tend to have less (instinctive) empathy for people below us. It's not we actively want to do them harm, but that we just don't think about them at all.
E.g. when did you last take proactive action to help the exploited workers harvesting chocolate? You likely never even thought about them.
The problem is that people like musk look down on us the same way. We get smashed by their indifference.
The best long term solution is a tax system aimed at "regression to the mean". I.e. exceptional people can get rich. However rich, "average" people will regress back towards average income and savings. Conversely, an averagely capable poor person should easily climb back up to average income levels.
Basically change the graph from a hump to a bathtub shape.
This is an oversimplification.
He ALSO stopped us from having good public transportation, built a dangerous deathtrap maze of underground tunnels, built cars that straight up murdered people, and blew up billions in taxpayer dollars multiple times.
I hate people writing about his "worth". He's worth shit. He robbed 800 billion from us.
Literally yeah exactly how it works. He skims the value created by labour and free gifts of nature and magazines pretend like it's a good thing.
It's like imagine if this world is an all you can eat buffet, riches and bounty overflowing — enough for all. Then this asshole shows up and claims a whole row.
Not how it should work.
Wood chipper?
I hardly know her!
He can die tho.
It’s important to note that even with all that money he still is far less happy than the average American. Imagine having so much wealth, not knowing what to do with it, having spent it on a botched penis enlargement and now no amount of money can fix even that.
Not to mention that by now the list of failures and broken promises is getting very long: hyperloops to prevent investment into rail, colonies on mars to avoid deal with all the shit he’s help wrong on earth, full self driving if you don’t mention that full doesn’t mean full and the cemeteries full of people who have died believing it did mean that, and how could I forget
Lying about Epstein and rigging the presidential election so a childfucker can destroy the country you weren’t even born in and barely pay any taxes for.
There was a 2010 study showing that money was correlated with happiness up to about $75k, then plateaued. The expectation was that once you could afford your needs and didn’t have to worry about the basics, the rest of happiness would come from the life you built.
Then a few years ago, all the headlines were screaming that it was debunked and money did in fact buy happiness. However, in true news media form, they screeched about the wrong thing - there was still a plateau, but it occurred past 100k. This isn’t really surprising - the cost of living certainly rose in the 13 years between the two studies. Inflation went nuts in the COVID era, and we definitely never deflated back.
But it does suggest how truly miserable some billionaires must be inside when they can’t find happiness with 10,000x more money than the average person’s threshold to find their joy.
If we killed Elon Musk and took all of his assets, we could buy every homeless person in the US a $990,000 house.
If we killed Elon Musk and took all of his assets, we could eliminate world hunger for 24 years.
If we killed Elon Musk and took all of his assets, We could buy every NFL, NBA, MLB, and NHL team. We’d have enough money left over to also buy the top 20 European Soccer teams.
If we killed Elon Musk and took all of his assets, we could fund NASA at its current budget for 40 years.
Alternatively if we just took all his assets and didn't kill him we could put Elon Musk to work in an emerald mine in South Africa and get some added value.
Now that’s a capitalism!
Sounds to me we should kill this Elon Musk character.
Musk isn’t worth US$800B, it’s how much he’s been permitted to hoard.
No one can earn a billion dollars, that level of wealth concentration can only ever be forcibly extracted from the work of millions of others, or gifted from someone who did.
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 billionaires should be euthanised through taxation.
worlds biggest cancer cell continues growing
Literally discovered an infinite money glitch that admins refuse to patch, despite severe balance issues
His value is inflated speculation bs. I think investors are overleveraged on Elon’s meme stocks and are keeping those stocks inflated.
Is there no way for us all to just decide something else is wealth overnight rendering his billions obsolete?
Wealth hoarding is a psychological illness and shouldn't be allowed in society
i just wish we had some kind of functional safety net for retirement such that individuals weren't forced to hoard wealth out of fear like they are now.
Hoarding wealth with good reason is fine but someone like Musk isn't doing it out of fear. He has more money than he can possibly use and could give away like 90% and still be safe. What even motivates him? It's pure selfishness
He could give away 99% and have more than 99% of the population
Correction: capitalism is better than socialism because our taxes pay for one person to have a trillion dollars instead of everyone having health care.
He won't be the last Trillionaire, and then then they'll start heading for Quadrillionaire status.
At some point, they will form alliances, fund a private military, take over a landmass, and establish their own nation, and start causing some real trouble.
The house of Saud is worth $1.4 trillion. 🤷♂️
Atleast it's not one guy
I'm GLAD my Tax Dollars are going to HIM and NOT the Starving Children on the Street!
-Protect The Kids Republicans!
Western culture celebrates greed, and remains silent on colonization.
but the trickle down economics is good!
think to all the stuff that we cant do with the taxes that he doesnt pay
I genuinely hope he or pat of his person quits before that and he becomes the too close to sun example in real life.
Grok, is it better for someone to have a trillion dollars or for society to have universal health care?
One person's extreme wealth might improve outcomes for their immediate circle or spark breakthroughs, but it cannot equal the guaranteed, equitable gains of universal coverage for everyone. Societies that prioritize universal access (and manage costs) have thrived with strong metrics; those chasing billionaires have not demonstrated superior aggregate well-being. Society's long-term success depends more on widespread health and opportunity than on whether any one person holds a trillion dollars. Universal health care aligns better with both empirical evidence and the human imperative to reduce suffering and build trust.
Damn, looks like the rich pedo is gonna have to rekajigger his coding (again) so his own AI slop bot stops telling people that rich fucks are bad for everyone.
Where's his money coming from? Is it from his Tesla stock? Somebody said that he moved his company headquarters to Texas mainly because it's harder for shareholders to sue him for his corrupt deals with the Tesla board if the headquarters are in Texas.
It’s largely theoretical money based on obscene overvaluations of his companies. Thus the title “paper billionaire”
Teslas market cap, for example, was 1.46 trillion dollars in 2024. This is more than the valuation of the next thirty five largest automakers combined. One could possibly argue a slight increase in valuation based on the IP held and the future moving towards battery powered cars (and basically everything) but to argue that this makes them more valuable than Toyota, GM, Honda, ford, Hyundai, Kia, etc all combined? Asinine.
Basically the stock exploded years ago on hype that Tesla would be a pioneer in many key domains: battery storage, electric vehicles, autonomous driving, AI, etc and blew up based on the hype that in 10 years time at least some of that would come to fruition and result in a company with insane revenues. The future is here now though and we see the reality: significant competition in all those areas that almost always outshines teslas offerings. There are better players in AI and autonomous driving (Waymo simply works better and a number of Chinese options like Baidu are the same). There are better electric cars that are better built and more affordable (the Hyundai ioniq is a better bang for buck in America, BYD destroys Tesla across the spectrum from cheap to insane hyper car prices). Tesla does have an edge in battery technology in capacity but in manufacturing both China and Korea destroy them, and China is quickly catching up in terms of capacity (and leads exponentially in patents). On top of this, declining sales year after year now that musk is toxic and people realize teslas are built like shit
This is why the government steps in to protect tesla. If BYD was available domestically Tesla would eat shit assuming BYD priced aggressively. The BYD seal is beaten by the model 3 in key factors like range (quite a bit) and efficiency (barely) but overall has a significantly higher build quality, more amenities, and a better warranty. Tesla wins on the supercharger but BYD has actually implemented battery exchange stations in China, which Tesla had looked at much earlier on, and are significantly faster than charging stations. Pricing is the key metric and a weird one: in Europe the seal is actually a bit more than the model 3 (~6k euro more) but in Asia it is anywhere from 20-50% less than the model 3 depending on trim level (though the 50% comes with worsening specs).
But Teslas protectionism comes from idiotic institutional investors and its listing in the s&p 500. They know it’s grossly overvalued, yet they hold almost 50% of available shares. If you have a 401k, pension, or an index fund you almost certainly have exposure to Tesla stock. So the valuation is propped up because if comes crashing down suddenly everyone’s retirement is notably impacted and exposes the piss poor state of the nationalized pension.
This is repeating several times over as well. With musk specifically the upcoming spacex listing is already widely regarded as grossly overvalued and it hasn’t even occurred yet. OpenAI and Anthropic will likely be the same story. Even with existing stocks: Microsoft, palantir, nvidia, etc, the same story has played out over and over
Fake billionaires that will inevitably crash the entire economy in a way that hasn’t been seen in a century because of their hubris. They bank on China never catching up (even though they’re making strides every day) and even if China does catch up having the government bar them from entering the market. But this only works as long as the captive audience of the us population has money to pour into their valuations; as the world shifts away from US products and into Chinese ones the squeeze will only get worse and eventually it will pop
Will no one rid us of this turbulent ~~priest~~ Elon Musk?
Most of that wealth is on paper. Don't buy the SpaceX IPO. Don't buy it ever. A share of SpaceX is wealth going into Elons pocket.
There is not a single thing profitable about SpaceX. He has just run out of places to hide his bags, and the last place to stash them is on the public.
If you own shares in an index fund that tracks the NASDAQ 100, sell them. Check all your funds to ensure that the indexes they track have proper seasoning rules to prevent early inclusion in the index.
