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Well, this is annoying
(lemmy.world)
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this post was submitted on 06 Jun 2026
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You realize that it is on the back of stocks worth 350+ p/e ratios right? At 30 p/e he is broke.
He is worth that much because we a country we are winning to buy his stocks are huge earning ratios.
But the magic here, is it's basically untaxable. The second you try to tax his unraised gains, it ask vaporizes as investors flee.
All the more reason to do it
Why, you would gain nothing and the best case you will vaporize an industry that is the last flight to keep some jobs in the countries before they moved to China byd
Vaporize? The land and equipment aren't going anywhere. Reorganize the parts of the parts of the business that are actually, physically real and let the workers decide how best to put them to use instead of an egomaniacal Twitter addict.
Elon didn't own those
The factories, offices, computing hardware, and construction equipment? He's not the sole owner, but the point of all this is to cut out the money-juggling fluff of passing around ownership between different entities and make actual use of the real-world capital.
Is there a capital shortage im unaware of?
I don't know, someone said the manufacturing industry would "vaporize" if Elon stopped juggling his financial instruments. Wasn't me.
It would. If you tried to tax these bubbles it would pop instantly. The money didn't exist, it's all evaluations and when you try to realize the cash the reality sets in