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Could X go bankrupt under Elon Musk?
(www.bbc.com)
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this post was submitted on 03 Dec 2023
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One of my biggest gripes is that anyone can have this much money to begin with. We should never have to rely on the ultra-wealthy to fix our problems by making it their pet project, and no one should be able to squirrel away that much money to begin with. All the money that could fix those issues en masse instead pads some sociopath's portfolio.
Personally, I'm okay with a small set of folks being rich as long as they pay taxes. I'm this case, a hell of a lot of taxes. You know, the taxes they should be paying, not what they manage to get away with now.
Let the legal system enforce that they give back to society in a meaningful way. Close the stupid loopholes. I want to see a meaningful improvement in society from their contributions. Everyone else is worse off unless they contribute.