• nonentity@sh.itjust.works
    cake
    link
    fedilink
    arrow-up
    30
    arrow-down
    1
    ·
    6 days ago

    Musk isn’t worth US$800B, it’s how much he’s been permitted to hoard.

    No one can earn a billion dollars, that level of wealth concentration can only ever be forcibly extracted from the work of millions of others, or gifted from someone who did.

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

      • nonentity@sh.itjust.works
        cake
        link
        fedilink
        arrow-up
        2
        ·
        6 days ago

        I’m by no means against deploying a sharp edge with guardrails, I just see guillotines taking many forms.

        You could take their money at the same time as their heads, but I’d argue it more fitting for the experience of extraction to be drawn out.

    • krisevol@lemmus.org
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      6
      ·
      6 days ago

      You realize that it is on the back of stocks worth 350+ p/e ratios right? At 30 p/e he is broke.

      He is worth that much because we a country we are winning to buy his stocks are huge earning ratios.

      But the magic here, is it’s basically untaxable. The second you try to tax his unraised gains, it ask vaporizes as investors flee.

        • krisevol@lemmus.org
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          1
          ·
          5 days ago

          Why, you would gain nothing and the best case you will vaporize an industry that is the last flight to keep some jobs in the countries before they moved to China byd

          • it_wasnt_arson@awful.systems
            link
            fedilink
            arrow-up
            1
            ·
            5 days ago

            Vaporize? The land and equipment aren’t going anywhere. Reorganize the parts of the parts of the business that are actually, physically real and let the workers decide how best to put them to use instead of an egomaniacal Twitter addict.

              • it_wasnt_arson@awful.systems
                link
                fedilink
                arrow-up
                1
                ·
                4 days ago

                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.