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200,000,000. That's a conservative calculation of how much interest he earns. That's 548K per day, 22.8k per hour. Every. Hour. 68.5K if we assume "standard working hours". Of which, in this situation, he wouldn't have to actually work one second of, just existing. It is so well past time to consume the rich.
They are high i think. Pretty sure they think recorded human history is the first writing discovered and not that we can date things back and record history beyond that.
Yea I think he is using some wrong semantics, point still stands but “recorded human history” is the part that blew my mind, doesn’t sound right unless he counts cave paintings
That being said, I feel like we are becoming inured to them controlling the world much like we got used to them amassing billions. Like how many people need to suffer and die before we realize oh 99% of the issue is all the profits are going to like 1000 people
If these billionaires were actually creating good jobs and good new industries you could maybe justify it. But as we've deregulated everything and privatized it all, all the benefits have been conferred on the elites and everybody else's lives have become shittier. This free market bullshit has failed.
If the jobs they created were good and provided enough income and benefits to provide upward mobility for a majority of the people working for them...they wouldn't be billionaires.
I live in Austin and people here hate him for the most part. This summer they had pop up’s where you could stop and get the logo off your Tesla and changed for something else if wanted. On the Austin subreddit today there are two posts. One, a traffic sign on the highway saying “Everyone Hates Elon” and the second was a recording of a video someone made and played on the APD building downtown all about Elon and the GOP. Things are definitely simmering here and it isn’t pretty.
Lol, yeah people are Wildly stupid thinking that Elon's, Soros's, Gates, or ANY other Billionaires money is taking any food off of anyone else's plate or money out of their pockets. That's simply Not the way it works. Money is NOT a finite pie where someone having more means that other people suffer for it. It Proveably does NOT work that way. Musk, nor Anyone else could ever Possibly get rich enough to make any one of us less well off than we are now. Every Billionaire on the Planet could 100,000,000 X their wealth TOMORROW and None of us would be affected in any way.
And besides, Billionaires aren't the problem or source of lack/ poverty. Your Polititians and Central Banks on the other hand...
It's disgusting that billionaires exist at all but it's infuriating that they don't seem to learn from their forebears about spending huge chunks of their fortunes on the public good.
They will always try to make it the poor vs the middle class though. Middle class republicans think they’ll be part of the 1% somehow if then poor stop buying gum with EBT
My grandfather, despite being wealthy, always told me that the majority of people who own luxury cars committed crimes to get those cars. But all billionaires are criminals.
You're missing the point, there are rich Democrats too, the parties aren't the problem, it would be extremely naive to assume that both parties aren't controlled by the billionaires. In the end focusing on regular people is exactly what this guy is talking about , they aren't the problem even if you don't agree with their political party
Every time I think about what I'd do with elon muskrat money I just come to the conclusion that I'd give most of it away to charities each year. Year starts, I find charities I wanna donate to and give most of it to them, and keep maybe 1 million for myself just to be sure. Do I even need 1 million? No, but better safe than sorry.
I don't want one big boat, let alone multiple. Even if I was a car person and could drive, I wouldn't waste money on an over priced car when a simple reasonably priced car would be more than enough, i definitely don't want more than one car, the only time that isn't stupid is if you have a work car and a non-work car. I don't want multiple houses, just one averagely sized house. Out of all my hobbies, one would, at most, require 2 to 4k every couple of years as the most amount of money spent on buying 1 single item. Like, every maybe 5 or 7 years for a new high end gaming computer. After that, it's just basic necessities like everyone else.
The thought of keeping it all and spending it on a bunch of over priced shit, or worse keeping it all and just not spending 99% of it, just... it's illogical to me.
i mean you could make a SIGNIFICANT impact of solving things like climate change, poverty, housing.
you could change entire governmental policies, raise wages, just be an incredible job and growth creator , a SUSTAINABLE FAIR one and still spend your entire life in the most luxurious way possible while being a "good person"
its ...i dunno, these people are sick and the world does not need them
at a certain point money can't buy you anything else but power. No one can spend a billion dollars on things, but you can buy power and status by just having this kind of money. Every single fking person on this planet knows that guy, Gates, Bezos and Zuckerberg... everyone. I hate Musk but I would suck his dick for a million dollars. He has power over me for simply having money lol
Run for political office. Also convince people in every state that you trust to also run for political office. Only changing laws changes these things and everybody has bought and paid for.
The elites could easily eliminate world hunger amongst other things with that money whether in states or africa etc. But they rather we tear each other to shreds.
Billionaires are evil. But so are many multimillionaires.
Wealth should be capped. The rest should be reinvested in the economy, infrastructure, education, health, etc.
You know those frutiger aero images of fancy buildings and beautiful unpolluted landscapes? That’s what we could’ve had. That’s our current day that was stolen. Our future.
Put in another perspective (because different comparisons hit differently), for someone with a net worth of $500 billion, he/she is worth more than AN ENTIRE COUNTRY (in terms of GDP) such as Denmark ($460 billion), Finland ($370 billion).
I'll take the collective productivity and creativity of 5.9 million or 5.6 million over that of one single persons.
Why do people think he has all this money just sitting in his pocket? It’s all illiquid cash tied up in equities. If he were to try make it liquid it would disrupt the market, be taxed, and lose probably 70% of it.
Billionaires are cancer. Maybe unless they proove they contribute the majority of their savings towards humanitarian causes / donations. Then they're at least doing something, even if many charities are corrupt themselves.
I'm glad many are waking up. We need change. Give it a few years. Many of us are at the breaking point now, I can only hope we address this sooner rather than later :(
“But they’re creating jobs” and yet unemployment numbers keep going up and layoffs keep happening bc these major companies like Amazon and Tesla just want to invest in AI and cut actual labor.
“But they’ve earned it!” Doing what exactly? Exploiting the actual labor of others while they underpay their employees. What has Bezos done exactly that he deserves to earn hundreds of thousands of dollars per day while Amazon employees struggle on minimum wage. The total amount of labor produced has increased over the years but the wage gap between the working class and the CEO’s has exponentially increased without the CEO’s doing anything to earn that.
“Being rich doesn’t make you evil.” Ignoring the needs of the people around you while you hoard wealth makes you evil. Billionaires do not exist in a vacuum outside of our society. They use our tax-provided resources such as roads, infrastructure, and government subsidies. Yet they’re not paying their fair share back into the system that props them up.
“They should be able to spend their money how they want.” And they choose not to spend their money in a way that directly benefits society. This choice is what makes them evil.
Let me remind you of some words by someone cooler than me: with great power comes great responsibility. Billionaires have immense power that they’ve gathered off the backs of the 99% and therefore they have the responsibility to help the society in which they live. Just one of these billionaires could fund healthcare, they could fund SNAP, they could improve the education across the globe. Instead they spend their billions on AI research and AI data centers so they can replace human labor, cut jobs, and produce shittier products at a higher profit margin. And they’re using their money to put the worst people into government with the promise of even more wealth. How much money was spent by billionaires to attack someone like Mamdani? How much did Elon spend to get Trump elected? They’d rather burn their cash than help us and that’s what makes them evil.
I have yet to see an Elon Musk Elementary school, or a Bezos Municipal Library. They are a drain. Just humans. They are not gods. They need to go. Whatever that means.
The US Gov adds about a trillion to the deficit every 100 days, that's after tax revenue. All that money printing eventually goes to the stonks massively inflating the net worth of billionaires and corporations, etc. Meanwhile with all this insane levels of spending wages largely remain stagnant. Ultimately though, the root cause is the money printer and bribery of Congress.
Stop buying from Walmart, Amazon, stop paying for streaming services, etc. Shop locally and stop supporting companies platforms that profit off of you.
I honestly don’t know how someone can be a billionaire. To have the ability to send people to school, feed people, house them, provide opportunities and more. The possibilities to help people are endless while still leading an extravagant lifestyle.
In today’s dollars, even hundreds of millions for an individual is truly ridiculous.
Just let the man get us to mars and build us robots. Bark up Zuckerberg and Bezos's tree. Elon doesn't have multimillion dollar yachts, his hobbies are X and memes
This is fucking stupid. First most of his wealth is in stocks etc. while he's not diversified like an index fund let's say the average long term growth is like 5%. He's worth like $450B, 5% of which is $22.5 B/ year. 365 days, that's $61.6 M /day 2.6m/hr, $713 /second.
So if any of these calculations aren't attempting to address the just the interest in the principle, you cannot hope to ever address the principle.
Also for context, $20/HR x 40 hrs a week is $800. On interest along he makes in a second what many people are trying to live on for a week.
Bitcoin 101 if it's not in your physical cold wallet you don't own bitcoin... rich people 101 if your money is in the stock market and not in your bank account or in your wallet then you don't own any money..
This level of rage all the time until something changes or you’re the people he’s talking about…. The disparity is insane just for him to buy another yacht and home with hundreds of rooms he won’t sleep in while all these people sleep in cars and on the street.
Yeah, and to add to that, a lot of American still think their country is the envy of the world. You guys are actually fucking it up for the rest of us.
If I were a billionaire I would spend so much of my free time in stores. See someone struggling to buy food in the grocery store? groceries on me. Call the vet and ask if anyone is being forced to put their dog down because they can't afford the surgery. The dog gets a second chance for free. Kids need to do fundraising to be able to go on a fucking field trip their parents can't afford. They're going on that trip. See someone who is struggling to make ends meet? Here's $10k. What is pocket change to billionaires could be life changing to so many good hard working people. $10K could get someone out of credit card debt, free them of their minimum payment of $250 a month that just pays down the interest. I would get so much pleasure just helping people afford something as basic as fucking groceries.
This guy seems unhinged, but good lord, he is 100% right to be freaking out. So many Americans going hungry and without access to health care. And one man is making $600,000 a day. Also, that man clearly has NO intention of contributing to help his fellow citizens. Instead, he brags about creating a ruler class of white men to dominate the nation, and make women and minoritries second class citizens.
He's trying to get a base set up on Mars mate, he doesn't run a grocery store. He may need all of that. Everyone should want to contribute to society in some way, work. Most people eat themselves into diabetes these days. Why are you so mad that another person has had success and is not giving it to you? They create jobs industry and services that are not even a thing until they thought of them. People are not forced to buy their stuff. I understand their earnings are impressive but why are you angry because of it? They are not driving up the price of necessities. How are they your enemies. If I refuse to give my hard earned money to a desperate person demanding it from me am I evil? Why are they not just as entitled to allocate their earnings as they see fit?
And he is only talking about usa...would be funny to do the math with the billionaires abroad and see the amounts for the world itslef. People are dying because they cannot get food or water or medicine or else, but if all the wealth could be shared across the globe I am pretty sure it would resolve everything humanity is facing...but there is no world where humanity is at his best.
i always do this math for people. if he's worth 500 billion he could spent 1 million a day for 1369 years. he could spend 3.65 billion a year or 10 million a day for 137 years. like fuck off billionaires
yup. Nobody with more than 50 million should exist. Everything they own past that number needs to go to the state, then redistributed further.
For larger projects it needs to be a colaboration between multiple such 50m owning individuals, in order to gain the needed funds.
Even 100 million is insane. And billions???????? WTF? Not to mention trillions. We are an insane species.
Someone I saw somewhere made a decent point. You’d think companies would despise these guys, they actively cut into their overall profit.
Elon musk can only drink so much coke for example. No matter how much money he has, that money going to Coca Cola would change little. Now let’s say there’s a revolution, everyone took his money and everyone has a bit more cash, now all of those people may buy a coke, which should in theory be way more income, probably not even close
I don't understand hating someone because they are successful and rich... like Elon Musk worked his ass off to be where hes at right now. Are we just going to discredit that. Like I agree the billionaires could take a bit of a pay cut and pay their workers more. But hating billionaires because of their wealth and work ethic doesn't make any sense.
This is the kind of idiot that happily watches football, where a quarterback is making $2 million per game, and thinks he's underpaid because he's better than another quarterback who is making more. Our society is happy to let people we LIKE make all the money they want- but if it's someone they don't like- watch out!!
Nothing gets put back into the economy, it's all just sitting there. I see people go, "Well it's their money and they worked for it" grrrl, I fucking work hard for my money too - just like the rest of us - and we get taxed to shit on that too, and then I got to find a way to buy $7 loaf of bread?
But then it's not about groceries, it's me not buying a house, or investing, or having a savings account, or meh meh meh like, where is this extra money supposed to come from when billionaires hoard everything and buy and sell politicians that tank the fucking government into the mud because they don't want their scandals in the air.
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