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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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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