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[–] 49 points 5 months ago (3 children)

Can we guillotine him now?

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

    Is he still wearing his kid like a human shield?

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  • [+] 37 points 5 months ago (3 children)
  • [–] 13 points 5 months ago (2 children)

    you're describing literally every billionaire

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  • [–] 0 points 5 months ago

    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"
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  • [–] 19 points 5 months ago

    Kill em all

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  • [+] 31 points 5 months ago* (last edited 5 months ago) (7 children)
  • [–] 12 points 5 months ago

    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.

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  • [–] 5 points 5 months ago

    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.

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  • [+] -14 points 5 months ago* (last edited 4 months ago) (4 children)

    Very little of it is liquid though , and he only got this far because of US contracts. Billionaires shouldn’t 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.

    lol ouch yes it was a typo. Won’t make that mistake again.

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  • [–] 8 points 5 months ago

    Disgusting. Now let's tax the fuck outta him and all the other obscenely rich fucks!

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  • [–] 2 points 5 months ago

    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.

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  • 44 comments in c/technology@lemmy.world view that post
    [–] 125 points 5 months ago (2 children)

    1 million seconds is 11.5 days.

    1 billion seconds is 31.7 years.

    1 trillion seconds is 31,688 years.

    This is an affront to decency, morality, ethics, and humanity. It cannot be allowed.

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

    It fucking bullshit. They can say worth quillion dollars doesn't make it fact.

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  • [–] 28 points 5 months ago

    That doesn't stop him from borrowing real money from real banks using this supposedly imaginary stock value as collateral. I'm sure he's more than happy for people to call it fake news while he buys yachts and islands and surrogate mothers with that money.

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

    Congrats to all the cunts investing in a Nazi. Pieces of shit.

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

    If you have a retirement account or an index fund you are one of those cunts

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

    You can direct your provider to invest however you personally feel comfortable. But it's incredibly boring for most people to have to administer this and the whole point of a pension fund is you don't have to worry about it. Otherwise I might as well play the stock market myself.

    A lot of pension managers now are starting to become increasingly wary of AI and "fledgling startups" that have been going for 20 years and have still yet to generate a profit

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

    Personally I would advise keeping money out of AI just generally anyway, not on any moral principle but simply because everyone knows it's a bubble. No one wants to be left holding the bag and you could end up with a less money than you had to begin with. Over long enough time periods risky strategies like that aren't worth it.

    So you might as well get out of AI in the long run it will probably save you money.

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  • [–] 22 points 5 months ago

    At the start of trading maybe. But what about by market close?
    No idea

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  • [–] 17 points 5 months ago

    This asshole deserves a trillion years in jail.

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

    You know how you can put something on eBay for any amount of money? Of course it won't sell if it's priced too high, but the price can be set however.

    Then people with random items go on eBay. They see their item priced at some exorbitant level and make the jump: "this thing is worth so much money!" Even though it isn't worth that. It never sold for that. Someone just picked a number.

    Starting to feel like this is how valuations work.

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  • [–] 14 points 5 months ago

    I mean, that's only like $60,000 an hour since the beginning of the roman republic.

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  • [–] 12 points 5 months ago

    That's gross

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  • [–] 12 points 5 months ago

    On today's edition of Hoarders

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  • [–] 11 points 5 months ago

    Humanity is disgusting for us to allow this to continue to get to this point. It's an obscene thing to have happened and is one of many stains on our history as people & will be pointed to in the future as evidence of a dark age. Imagine discovering an alien species and then learning they are capable of the same depravity and carelessness as people.

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  • [–] 18 points 5 months ago

    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.

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  • [–] 7 points 5 months ago

    He's still alive so i'm just waiting for that to change, him being the world's biggest douchebag is not important.

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  • [–] 6 points 5 months ago*

    In other news, the billionaire mind disease mutated today into the trillionarie mind disease.

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

    There are 20 billion $100 USD notes in circulation.

    This motherfucker has half of them.

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  • [–] 6 points 5 months ago

    That dipshit junkie hasn't OD'd himself yet?

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

    It sucks nobody has been successful in offing him.

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  • [–] 4 points 5 months ago

    The unchallenged winner of capitalism. Wow. Now let's restart the game.

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  • [–] 4 points 5 months ago
    [–] 3 points 5 months ago

    SpaceX IPO makes dickMusk a bigger 🎯

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  • [–] 3 points 5 months ago

    Who is he ? A scammer or ?

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

    No it doesn't because he doesn't get any money from the IPO, he gets money from selling the shares, the initial evaluation can be whatever the hell it wants to be.

    The best he can do with this is use it as collateral in order to get a loan to by a helicopter, which he could probably already do, so nothing's really changed for him.

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

    So the borrowed money that came from nowhere isn't real because they did enough sleight of hand that the literally real bank balance doesn't actually exist because it isn't real money.

    Got it!!

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

    Like most rich people his wealth is purely theoretical. If I needed to demonstrate my entire wealth I could just extract it all from my bank account, but a lot of his money is based on perceived worth of his businesses, which of course don't really have a value because they haven't been sold to anyone and in many cases haven't actually generated a profit.

    So basically the IPO is saying that if the company was sold, it would be worth x amount of money. But of course we don't know that, and unless he actually sells the business, he doesn't get x amount of money.

    This is what people mean when they say we are in another tech bubble, companies are getting massively overvalued for what it is even remotely conceivable somebody would be prepared / able to pay for them. So you get stupid headlines like this that say that Elon Musk is a trillionaire, even though he has substantially less than 1 trillion dollars in his various bank accounts. In terms of actual dollar amounts he probably has 10 or 20 million at most. Absolutely not chicken feed by any stretch of the imagination but also not more money than most countries GDP.

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  • [–] 5 points 5 months ago*

    A lot of wealth is based on perceived/theoretical value. Most of it, in fact. Let's say you own a car or a house, their value is based on what someone else is willing to pay for them, but you can't know how much that would be before you do. Heck, even bank notes are technically just "worthless" IOU's backed by a government.
    That doesn't mean your net worth is zero just because you don't have cash on hand.

    Shares are (in reasonable sale quantities) more factual, because they are essentially based on buy offers: if you have one SpaceX share, you know it's currently worth exactly $160.13, because someone has offered to buy it for that amount.

    And this is entirely ignoring the fact that you, like Musk, can turn the "perceived" value into "real" value extremely easily - it's called a loan. Musk got a cool $13 billion one back when he bought Twitter.

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

    Really? Go buy a fucking president. I'm not kidding. Cause if you can't, your "theoretical" money is literally able to but things you'd be killed for suggesting.

    So fuck you. Fuck you for defending the fact that thousands of kids are going to start starving to death so this soulless cockwart can LITERALLY take that money away from the parents. Fuck you for defending using resources that should keep Americans alive to kill babies in countries I'll never see.

    Fuck you for wanting to be one of them.

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  • [–] 7 points 5 months ago

    This carrot here? Why I'll let it go for 50 Billion dollars. Yup, I value that carrot at 50 Billion. I guess I'm a billionaire! Let's ignore the smoke and mirrors and look at how many white south africans have emigrated to america under the trump/musk presidency recently.

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  • [–] 2 points 5 months ago

    Yey! Can't wait to see who will be the first quadrillionaire.

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  • 14 comments in c/world view that post
    [+] 33 points 5 months ago* (last edited 5 months ago) (4 children)
  • [–] 9 points 5 months ago (3 children)

    Elon could singlehandedly save the planet

    Absolutely not.

    Stop playing into his "genius" myth.

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  • [–] 24 points 5 months ago

    Society should not allow a single individual to accumulate so much money and, consequently, power.

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  • [–] 13 points 5 months ago

    Hope he goes the way of the UHC CEO

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  • [–] 10 points 5 months ago

    I hate this timeline.

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  • [–] 10 points 5 months ago

    If ONLY he had ANOTHER Trillion he could SOLVE WORLD Hunger!

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  • [–] 10 points 5 months ago

    *Known trillionaire.

    I bet the Rothschilds got there decades ago, but they keep their finances close to their chest. Elon is a braggart.

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  • [–] 10 points 5 months ago

    Couldn't have happened to a bigger cunt.

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  • [–] 6 points 5 months ago

    Now whoever does it can be even more famous

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  • [–] 5 points 5 months ago
    [–] 3 points 5 months ago

    Guillotine.

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  • [–] 2 points 5 months ago

    RIP SpaceX.

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  • 2 comments in c/news@beehaw.org view that post
    [–] 7 points 5 months ago

    So how long until the stock will crash into the ground?

    Even the most optimistic estimations where SpaceX actually has had great results (it didn't) it's still worth maybe half of what it is today

    SpaceX has been basically stealing government money by the billions, as it hasn't delivered, yet people actually want to have shares of that for double what it's worth?

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  • [–] 7 points 5 months ago

    late stage capitalism just refuses to fucking die

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