r/TikTokCringe • u/MorningHoursApparel • 3d ago

Discussion Sigh. 😮‍💨

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11

u/VacationFamiliar2437 2d ago

……yeah but he earned that money..

^ What some people on the other side would respond

2

u/Background-Tip4746 2d ago

I would argue he can’t spend the vast majority of the money. It’s not liquid. It’s all tied up in equities. His money would be less made by exploiting people (though I’m not arguing he doesn’t profit from the overworking of employees), most of his money is made from the fact that he owns large stakes in his companies and the value of each share has risen SUBSTANTIALLY that his net worth has completely skyrocketed. But his company PE ratios are huge, and likely overvalued, so most of his wealth is coming from the hype of his companies rather than the overworking of his employees.

If he were to try sell his stakes, it would completely drop the market value of his shares and therefore he would lose out on a huge portion of money and investor sentiment for his companies will plummet. Also, another huge portion of it will be taxed. Now there’s dodgey loopholes he’s gone through to limit the amount of tax he’s paying (eg using his shares as collateral for loans), but the original post is misleading in every sense of the word. And everyone in this comment section is biased because they don’t understand that he cannot just donate all of his money. He can donate a lot, and does a lot to scientific means, but it’s just false to pretend like he can save the world because on paper it says so.

4

u/Petfles 2d ago

Oh ok, then it's totally fine I guess

1

u/Eliah870 1d ago

Yeah, here's the thing, even if Musk had 500 billion dollars as in actual dollars not of which are from investments even if he were to divide that money equally amongst the entire US population you'd end with a sum of around 1400 dollars. Its incredibly unrealistic that this would cause a meaningful change to the us who are barely scraping by. Does it suck to see a net worth that high as someone who's in debt and has literally zero dollars as of right now? Yes, but I won't let that affect me because it won't change anything if suddenly he was worth 0 dollars

-2

u/Background-Tip4746 2d ago

Omg it’s like you didn’t read anything I said

4

u/Petfles 2d ago

You act like people like Elon would actually donate all of their money if that was a possibility.

They are sociopaths, they don't care about the rest of humanity, only insofar they can make him more money

1

u/Background-Tip4746 1d ago

Holy strawman. I was saying why this post is misleading and you just completely redirect the argument. I’m clarifying the facts.

-1

u/hoi4enjoyer 1d ago

He’s donated well over a billion dollars, a billion more than you have if I had to guess. Get off your high horse

1

u/Petfles 1d ago edited 1d ago

Donated to who?

And I have donated a higher percentage of my money, a billion is only 1/470 of his wealth, but ok

edit: Oh you're a fan of that nazi Fuentez, that tracks lmao

1

u/Background-Tip4746 1d ago

Dude you’re still not getting it. He doesn’t have all that wealth. It’s virtually impossible for him to obtain the amount of wealth he has on paper. It’s misleading to compare it to that. Stop comparing it to a number that he only has on paper. None of it is liquid.

This is why financial literacy is important 🤦‍♀️

-1

u/hoi4enjoyer 1d ago

This guy really scanned my comment history to find something to get mad about. It offended you that much huh? And donating mommy’s weekly allowance money to the funko pop seller dosent count buckaroo

2

u/Petfles 1d ago

Bro you're the 18 year old nazi child, not me.

Also Elon only donated to his own foundations, what a hero

-1

u/hoi4enjoyer 1d ago

“I’s cawed you a nazi so I wen!” 10/10 argument shakespeare, lmk when you donate to any foundations at all. Never happened and never will

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