Every time I see these guys’ faces I cringe so hard. It’s frankly embarrassing working in the tech industry when most people think of them whenever anyone mentions it.
Elon is not an American.
He builds fireworks that's pretty American tbh.
88 posts, and nobody actual does poop.
Now go tell an American to revolt, you’ll get billions of excuses.
money is a meaningless construct. Eat the rich.
any one of those three individually would, if this graph is accurate.
one billionaire owns more than the bottom 50%
I wonder if they mean that 4th place has less
Like "there are 3 people who each have more than..."
Sadly no, you’d have to go allllll the way down to the 15th richest American to get to $80ish billion https://www.forbes.com/billionaires/
Musk alone prolly has more than the bottom 70%ish of Americans.
Well, only on paper. Someone actually has to buy their shares first.
They take out loans against their stock, kind of like a HELOC. So they get money without reporting any income too cuz it's a loan.
Of course. Never said that those are 100% stocks. They have massive expenses to cover and they use the stock value as leverage. The banks giving out loans are creating the bubble.
Roughly speaking, if you murdered and seized their wealth by liquidating their assets at current value, that's like... 6k donation to half of the US.
That's assuming 50% of about 340m people with big economic assumptions that won't hold up, but fun to think about. It's not a ton of money even then, but it'd probably do more for everyone than under some dragon. Course, we could also just tax them a large amount like we used to, which accomplishes the same thing without the murder.
The only peaceful way I see wealth being redistributed is if Musk, Bezos, and Zuckerberg use regulatory capture to reform government in order to raise their own taxes. Such a scale of philanthropy hasn't been seen since the robber barons Andrew Carnegie and John D. Rockefeller donated to build libraries and improve public education. Had those Guilded Age monopolists they also used their wealth to compel the US's legislative branch to raise taxes, bolster anti-trust laws, and prevent the acceptance of consumer welfare doctrine over plain anti-monopoly policy, then I'd argue their donations to improve public education would have gone much farther.
That said, plenty of non-peaceful ways exist much like there are many ways for an iceberg to flip over.
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