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[–] 78 points 5 months ago (12 children)

Elon musk would be in jail and broke by now if the SEC could do its job

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  • [–] 33 points 5 months ago (9 children)

    But that would hurt the earnings of the mega wealthy, clearly can never be allowed to happen.

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  • [–] 7 points 5 months ago (8 children)

    Idk we’ll see what happens when the rich people start eating themselves. I’m actually excited for this stage of capitalism.

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  • [–] 3 points 5 months ago (7 children)

    May be something like Russia after the fall of communism or like Mexico with all its cartels and private armies?

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  • [–] 1 point 5 months ago (5 children)

    Ah yes famously wealthy countries, the Soviet Union and Mexico, who went to hell when they stopped catering to the ultra-rich....

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  • [–] 2 points 5 months ago* (last edited 5 months ago) (3 children)

    Actually, Russia has vast natural resources, but much of the wealth is concentrated in the hands of oligarchs. The post-communist period in Russia was marked by violent power struggles between oligarchs, often involving private militias or hired hitmen targeting rival businessmen. Perhaps it just wasn’t as visible in the US.

    BTW, do not forget that most rich men in the US (Elon, Mark, Jeff) are rich on paper (stock market, company shares), while Russian millionaires have real physical control over resources or industries (eg Vladimir Potanin - rare earth elements, Vagit Alekperov - oil, Leonid Mikhelson - gas).

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  • [–] 1 point 5 months ago (2 children)

    And there were more oligarchs in 1994 then there were in 2004 because they killed each other ❤️

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  • [–] 2 points 5 months ago (1 child)

    The father of a classmate supposedly did business in Russia during the 1990s and, according to my classmate, witnessed an execution beneath a bridge somewhere in Moscow late in the evening. I don't remember a name of the bridge, and I can't verify whether the story was true. However, he was completely serious when telling it, and I do remember hearing media reports about organized crime killings and similar incidents in Russia during the chaotic post-Soviet years. So while I can't confirm this particular story, it doesn't sound impossible for that period.

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  • [–] 1 point 5 months ago

    Brother, the rich people in the USSR were literally throwing each other out of windows, and killing each other to consolidate wealth. Same with the Mexican cartels. They had to kill all the other oligarchs to become the real oligarchs. Please learn your history before you get sassy with random comments. You’re like a child walking into the middle of a movie.

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  • [–] 10 points 5 months ago

    Or the FBI (public emails where he begged Epstein to let him into the parties; also the election interference), or the FTC, or the EPA (Tesla plants piping battery waste into water supplies)...the list goes on

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  • [–] 136 points 5 months ago (12 children)

    We are so far past "taxing" them. They need to be stripped of their wealth completely, not lose some extra 5% on the next haul.

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  • [–] 16 points 5 months ago (8 children)

    I say kill them, especially the billionaires who are also chuds, then tax the surviving billionaires

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  • [–] 10 points 5 months ago (6 children)

    It's going to come to that sooner than we think.

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  • [–] -3 points 5 months ago (4 children)

    Or nothing will change for the better because we engage in this childish and now apparently murderous nonsense online instead of doing anything practical.

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  • [–] 3 points 5 months ago

    Close the "earn, loan, die" loophole to avoid taxes on unrealized gains. If you list an asset as collateral for a loan, then it is immediately taxable as if it were the same value.

    Also, every year, we should redistribute 50% of the wealth of the richest person in the country. You get a ticker-tape parade, a nice statue, and the honor of knowing that you are helping millions of people without making any impact on your lavish lifestyle.

    There are a lot more things we can do, but I feel like these would be two pretty easy starting places to curb the billionaire problem.

    Oh, and we should also make it so that private equity and investors are paid LAST in a bankruptcy. Tired of good companies being bought ransacked, and folded so a billionaire can make a few mil from robbing employee pensions, shortchanging contractors and stiffing suppliers.

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  • [+] 28 points 5 months ago (3 children)
  • [–] 34 points 5 months ago (3 children)

    Missed that scene of "Man from Earth"

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  • [–] 16 points 5 months ago

    Just after a few days it would be life changing money for me

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  • [–] 31 points 5 months ago

    Confiscate his wealth, and nationalize his companies. We paid for them, after all, they're ours. They can be operated at the benefit of the citizens.

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  • [–] 15 points 5 months ago

    And yet Musk is still fucking miserable.

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  • [–] 14 points 5 months ago (1 child)

    It's about 200,000 years saving 10k per day now. He's rapidly approaching a trillion in net worth.

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  • We are beyond tax, burn the fuckers at the stake

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  • [–] 11 points 5 months ago* (last edited 5 months ago) (5 children)

    In case anyone wanted to know the number, it would be $820,260,000 $ 299,395,000,000 by 2026

    Edit: read the fucking thing wrong, it’s every day not every year mb

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  • [–] 2 points 5 months ago (4 children)

    Not countung any interest accrued on that money. Even a low interest rate would cause any small investment to skyrocket over long periods.

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  • [–] 3 points 5 months ago

    Even if we gave it a little bit let’s say 1% interest, which is what people get in savings usually, with the monthly 10,000$/m put in for 82,026 years: if we did our napkin math right that’s about $2,94698e15 ($2,946,980,000,000,000) which is ~22.67 times more money in the entire world lol

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  • [–] 11 points 5 months ago (14 children)

    I highly doubt the USA will copy 1789 France.

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  • [+] -11 points 5 months ago (12 children)

    Thankfully we don’t need to as we don’t have a autocratic government

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  • [–] 1 point 5 months ago (11 children)
  • [–] 1 point 5 months ago (10 children)

    If you genuinely believe that you either don’t know what an autocratic government is or don’t understand the state of the American crisis.

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  • [–] 1 point 5 months ago (9 children)

    Trump is the autocrat, and anyways revolutions have always happened even if its not an autocracy. Imagine all the countries that fought against colonialism

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  • [–] 1 point 5 months ago* (7 children)

    Okay I’m not talking about that. I’m talking about Trump’s power, and resultant classification.

    How is it possible trump has full control of the entire government at his whim, if his power can be limited by the supreme court and the congress?

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  • [–] 1 point 5 months ago (4 children)
  • [–] 1 point 5 months ago (3 children)

    You gonna answer my question?

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    [–] 9 points 5 months ago (7 children)

    You did not account for an inflation. How much todays $ is $1 from 80000y ago?

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  • [–] 3 points 5 months ago

    Probably not as much as you'd think. The Gold Standard has not been repealed until 1971, which means inflation would only happen due to extraordinary events (like big wars). But the inflation since 1971 would still multiply your money eight-fold, which will put your saving of 82 millennia above Elon Musk's net worth.

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  • [–] 9 points 5 months ago

    But it's not real money! 😭👅💦🥾

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  • [–] 8 points 5 months ago (2 children)

    These memes and their funny numbers. Saving that long only gets you about 300 billion.

    Musk has 3x that.

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  • [–] 1 point 5 months ago

    Saving that long only gets you about 300 billion.

    Musk has 3x that.

    Pretty sure I read that the bulk of that money is on coming his way only IF tesla hits a bunch of sales marks that it looks like they are never going to hit. But that fact has not stopped him from taking out billions in cheap loans on that estimated future valuation tho has it?

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  • [–] 7 points 5 months ago (1 child)

    82,000 years ago: WTF is a dollar?

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  • [–] 5 points 5 months ago

    I think the point is to illustrate the scale of the insanity. Bezo's wealth increases $55k every minute. There's 525600 minutes in a year. Bezos makes every two minutes the same as the average US household makes in a whole year. Bezos extracts the equivalent of a quarter million people of labor every year. Jeff Bezos does not make the same work as a quarter million people. Yet it ends in his pockets.

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  • [–] 6 points 5 months ago

    Elon musk is less of a tax issue than a corrupt politicians handing out tons of money to one guy because he lied to them a few times and handed them money.

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  • [–] 13 points 5 months ago (4 children)

    Dumbass should have invested.

    Compound interest is your friend.

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  • [+] 9 points 5 months ago (5 children)
  • [–] 1 point 5 months ago (3 children)

    I was just wondering how tf that guy is still walking around in the most armed country on Earth. He must live in a bullet proof bubble.

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