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Musk is upset poor people can buy food (discuss.online)
submitted 3 months ago by to c/enoughmuskspam@lemmy.world
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[–] 18 points 3 months ago (5 children)

That's the thing though. No one does buy anything from him and he's still a trillionaire because it's all theoretical. If he was forced to actually come up with the money he couldn't.

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  • [–] 9 points 3 months ago

    All market capitalization values are theoretical, and his is inflated the most. However. Tesla still sells a bunch of cars unfortunately. And SpaceX's value is mostly propped up by StarLink, plus the playing with rockets side of it gets juicy government contracts

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  • [–] 6 points 3 months ago (3 children)

    You do know they borrow against their wealth at close to zero percent interest, right? He probably cant get a trillon in cash but he could probably get $250 billion no problem.

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  • [–] 1 point 3 months ago*

    It's not physically possible for him to spend the amount of money he could produce, on things that he could personally use.

    The most expensive house sold in the US cost $0bn (to the nearest billion).

    The most expensive private island that I can find any reference to online, Larry Ellison's island in Hawaii, cost $0bn (likewise).

    The most expensive painting ever sold at auction, Leonardo da Vinci's Salvator Mundi, went for $0bn.

    The ten most expensive historical artifacts ever sold at auction, combined, comes to $0bn.

    The most expensive superyacht ever just about rounds up to $1bn, and the whole point of a superyacht is to be insanely expensive.

    Anyone who thinks billionaires should be incentivized with more money isn't paying attention.

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  • [–] 1 point 3 months ago* (1 child)

    That's their entire personal financial model, and we can make that illegal, you know?

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  • [–] 1 point 3 months ago*

    Dont make it illegal, just tax them as if its realized gains when they do it. If they pay it back, give them a tax credit.

    Make new tax brackets as well that go up to 80% or whatever as well. Dont let them use the wealth without paying taxes.

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