He WoRKed HArd tHo!

Is he even naturalized?

Exactly this. It's Schrödinger's money.

Worth nothing so it can't be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.

Not if we can summon the political will to tax them out of existence altogether.

But who am I kidding? The oligarchs in control are just waiting for their turn to be trillionaires themselves.

It won't be a huge number, though. Capitalism still works to consolidate wealth. While there never has been any private individual with that much wealth before in human history, that kind of wealth is not unprecedented. The main reason is that people with that kind of wealth have historically been emperors. And make no mistake, anyone with that kind of wealth carries with them the threat of becoming an emperor. After someone becomes an emperor or a dictator, they gain absolute control over the GDP of whatever they control. But even now, Musk's wealth is not even 1% of the world's GDP. Someone like Augustus Caesar would have had several times more wealth, and direct control over something like 25% of the world's GDP. Musk having this much wealth is disgusting - nobody should even be a billionaire. But, at the same time, in the grand scheme of things, he will be nothing more than a footnote in history. He has never done anything actually memorable. People only know him now because he's a cunt with a lot of power. But power fades, and the world has had countless cunts. In the end, he's not anyone special. In 100 years, the average person will likely have no clue who he was. Nor will they care.

Not starlink, but yes all the others do, and some by a lot (xAI)

The people who's money isn't on the books because it's too old, pay him to do stuff. These stocks are by far the easiest and cheapest way to do it.

SpaceX is worth 1.75 trillion dollars

Catch-22.

If he weren't a fascist, he wouldn't be a trillionaire.

Ah yes, uNrEaLiSeD gAiNs.

Simultaneously worth nothing so it can't be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.

Ever the paradox that one.

It's still fascism, so what you are describing is just Soylent Green but the citizens have the full freedom™ to chose any colour Soylent Green they want. #free

(Also they have austerity, it's just too big of a word to use publicly, but systemic cutting of programmes that don't transfer public wealth to a few private pockets has been going on for 50 years now. The talk is the same as "austerity" in eg British politics - gutting the funds for the lazy bastards in healthcare, education, transport, etc ... but not warcrime industry or the factory of tax cuts for the rich.)

Well, no money is real. It’s all just a made up value a bunch of people nod their heads to.

And unfortunately, it looks like the country is going to go on believing Musk’s valuation, right into a cyberpunk corporate dystopia.

I assume they mean gdp so here's the list for countries and here's the list with some states mixed in for fun:

1. United States — $31.8T
2. China — $20.7T
3. Germany — $5.3T
4. India — $4.5T
5. Japan — $4.5T
6. United Kingdom — $4.2T

(California — ~$4.1T)

7. France — $3.6T
8. Italy — $2.7T

(Texas — ~$2.6T)

9. Russia — $2.5T
10. Canada — $2.4T
11. Brazil — $2.3T

(New York — ~$2.3T)

12. Spain — $2.0T
13. Mexico — $2.0T
14. Australia — $1.9T
15. South Korea — $1.9T

(Florida — ~$1.7T)

16. Turkey — $1.6T
17. Indonesia — $1.6T
18. Netherlands — $1.4T
19. Saudi Arabia — $1.3T

(Illinois — ~$1.2T)

20. Poland — $1.1T
21. Switzerland — $1.1T

(Pennsylvania — ~$1.1–1.2T)

If you're taking classes on systems, I want to know your take on this vestigial mode of attention coordination we have in our cognition that I experienced one time. The person that wrote this article is a friend who explained much, but he disappeared. I think he still lurks places, but I want to learn more about what I experienced:

https://www.reddit.com/r/ShrugLifeSyndicate/s/50n3j9YUWl