Anonymous #1 16w

me when i miss the point.

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Anonymous #2 16w

missing the point buddy. lets use logical explanations. nobody should have anywhere near that anount of money in any form while people starve and dehydrate to death bc of lacking monetary resources.

-8

Anonymous #3 16w

and...

0

Anonymous OP 16w

So he in is not the first in history

1

Anonymous #3 16w

okay..cool. 👍

2

Anonymous OP 16w

The point is he doesn’t have that money. That’s his net worth, not what he has to spend. He applied himself and worked grueling hours to build multiple influential companies. He also took risks when starting those companies, as there is always the risk of going bankrupt if your business fails. He didn’t rob the world of money and hoard it for himself, he created something that expanded the economy, therefore generating wealth for himself and others.

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Anonymous OP 16w

He doesn't have that amount of money in any form If it was possible for him to turn his company into a trillion dollar bill magically you might have a point, but the only way for him to get that much money in cash is if someone else buys his companies from him (which they are partially doing now) So the people with money that could be but isnt being used to help people are the ones that are buying stock in his company from him ig? And/or you're just stupid

20

you guys just love having a trillionaire for some reason. shit makes no sense at all.

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Anonymous OP 16w

Most people who are starving, dehydrated, and in terrible conditions are either there from their own poor choices or they are just born unlucky. That’s not rich people’s fault nor my own.

8

Anonymous #5 16w

yall dick riding a trillionaire now 😭. bffr. this man isnt looking out for you and is actively exploiting families overseas for cheap labor and products. yall cant seriously see this as a good thing.

-1

Anonymous #2 16w

most people living in poverty globally are in those situations bc of exploitation of their work for cheap labor by usa billionaires and corporations. and have been there because of exploitation through colonialism. learn history, past and present, my guy.

1

Anonymous og_beer 16w

That’s what I’m saying

0

Anonymous #1 16w

that is completely besides the point. the fact he has a net worth of a trillion dollars shouldn't be a possibility while people starve and die. im glad to see you sticking to your stuck up opinions and being honest with us about your immoral standards. but, taxing that money is still a possibily, free school lunch would still be a thing if he hadnt created D.O.G.E. to steal money from uplifting programs.

9

Anonymous #8 16w

Just say you hate decency, it’s much quicker to convey your message.

11

Anonymous OP 16w

we need tax reform; stocks should be taxed at a rate equal to that of an income. there is still income coming from his various companies that he pockets. he can also use the "stocks" to buy real life things through loans by using tesla share as collateral which are not taxed as income or capital gain.

2

Anonymous OP 16w

You’re truly not listening. He doesn’t have 145 billion sitting in a bank somewhere. His net worth is illiquid meaning it’s all tied up in his companies and not cash. Taxing unrealized capital gains would quite literally cause the downfall of stocks as a whole. That means all the way from big companies down to mom and pop stores who have privately held shares. I think taxation is theft full stop, but if you’re going to do it, that way isn’t it.

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Anonymous #7 16w

I’d rather care for the struggling working class. I have coworkers that can’t afford health insurance or buy a house for their family while working two jobs. Homeless veterans do deserve support though. Druggies? Nah.

-2

Anonymous #8 16w

*Everyone* deserves housing, food, healthcare, and safety. Every single person.

3

Anonymous OP 16w

And just so you know, short term capital gains is 30% and long term (held for more than one year) is 15% which is even more than the amount your post suggests.

18

Uhhh no you can’t use shares to buy things. You exchange ownership shares of a company for dollars which you are then taxed on.

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Anonymous OP 16w

You should work with your hands.

19

Anonymous OP 16w

Point still stands

6

Anonymous #11 16w

musk should get an actual job and stop taking credit for the work of others and worsening the world.

20

Anonymous #12 16w

his net worth and the company valuation are completely different.

12

Anonymous OP 16w

Not dick riding. And I never said he was looking out for me, nor am I looking out for him. I don’t know the guy. I’m just providing you with some education on how personal wealth works because clearly you don’t understand.

-1

Anonymous #5 16w

You’re dickriding him. Nobody should ever have anywhere close to that amount of wealth, even if it’s not a direct number in a bank account. It’s not complicated.

1

Anonymous OP 16w

OP, what do you want us to do? Yeah, it pisses me off too, but it’s like #1 and #4 said—he doesn’t have a trillion dollars just sitting around. He’s VALUED at that amount bc of his assets. Does he still have insane amounts of money? Probably, but what can we do about it other than send him a letter in the mail saying “Please use your wealth and status to help those less fortunate than you”? I don’t like going to the store and only buying $30 worth of food bc I’m afraid I won’t have enough $ for

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Anonymous #14 16w

my bills and other expenses. I don’t think anyone here is defending Elon. You’re right to be upset at these kinds of things, but be realistic for a moment too

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Anonymous OP 16w

Taxing stocks would only work if you sell those stocks. Because, unless you sell them, there is no income other than dividends, which are taxed. Also, if you start a company, guess what, YOU also pocket some of the income. And yes, if you have shares, you can borrow against them, but those loans have to be paid back with other loans + interest. If those stocks plummet, you have to sell other shares to pay off the loan, which is a risk anyone is able to make.

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Anonymous #13 16w

SpaceX is basically a pump and dump for the Twitter shareholders, as he screwed then over. The valuation of SpaceX is atrociously absurd

8

Anonymous #7 16w

If you make a product or provide some kind of service, and people are willing to pay for your products or services, then you make money. If many people pay for your products or services, you get MORE money. You keep growing wealth as long as you provide said products or services. It’S nOt CoMpLiCaTeD. If no one should have that amount of wealth, what should the cutoff be? And how would you keep them from earning more if people are still willing to pay for their products or services?

-2

Causing every problem? Like what? Seems like their products do more for humanity than they hurt. I’m using starlink right now to stay connected to my family even in the middle of the ocean. Yesterday, I ordered something from Amazon (again using starlink WiFi) and had it sent to my house. Arriving today. Your life is a mess and you blame others.

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Anonymous #12 16w

I just recognise larger problems and place the needs of others over my own selfish desires. Sorry you don’t understand that community comes first but that’s a you-problem to work through and figure out.

5

Anonymous #7 16w

No one deserves anything at all. Thats why we should be grateful for what we have.

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Anonymous #8 16w

Bullshit. Everyone deserves what I shared. Why the fuck have you abandoned your humanity?

4

Anonymous #15 16w

w/o the system that exists today*, there would be drastically lower quality of life

4

Anonymous #1 16w

those assets are leveraged for virtually limitless, prime-rate debt that is used as cash, and there are ways to address illiquid assets. you just don't want to and you admitted the core reason why: you believe taxation is theft and will defend that at the cost of humanity

5

Anonymous #16 16w

I love y'all's ability to 1: make up BS that I didn't say and still fail to argue against it properly 2: truly convince yourselves that taxing smth like $200 billion from musk would somehow solve the worlds problems when the government already has and spends trillions every year and the world just gets worse

11

Anonymous #7 16w

At some point you have to be realistic. There is a homeless shelter close to where I live. It’s nearly empty but homeless are all in the streets. It’s because they do want to be there so they can do their drugs etc. it doesn’t help that we are importing millions more each year through the border.

6

Anonymous #7 16w

The world works differently at a certain threshold. Ethics get disregarded and you really don’t know if the guy he took credit from took credit from another guy who took credit from another etc

0

Anonymous #8 16w

Nah you can’t say the truth that’s right in front of their face bro. They can’t handle that.

6

Anonymous #15 16w

Capitalism and wealth horsing hinders innovation, not the other way around. If we focused on community first, everything— literally everything— would improve. We are a social species, not an individualistic one.

1

Oh, no! People getting healthcare! So scary! Fuck off.

1

Liar is liar. #7 is liar. (A) liar is (a) liar. #7 is (a) liar.

-3

That is not how that works at all, looks like someone needs to take an economics class. Then go work your ass off to make the money like he did, its not like he hasnt worked to build those comanies

4

Anonymous #25 16w

He hasn’t worked a day in his life.

-2

Anonymous #1 16w

i meant that reply for #9 😭 i have no clue why it selected you instead

5

Anonymous #1 16w

#9 said taxation is theft and i was replying to their points, not you

6

Anonymous #16 16w

Humanity was better before massive taxation. You will never tax a nation / society into prosperity. Assets can be borrowed against sure, but the asset is used as a collateral so if for some reason he can’t pay that debt back, he looses infinitely more than what he borrowed, which is the trade off of being able to do that. How should we address illiquid and unrealized assets since you seem to have the solution?

0

Anonymous #15 16w

Dude, we are still using the system that was in place over a 100 years ago. When American companies can’t compete on the global stage they have the government close the market and prop them up. Tesla can’t compete in the Chinese market and they are losing traction in Europe, it does well here because Chinese manufacturers can’t enter the market. SpaceX is a pump and dump stock for the Twitter Shareholders, Elon has to rewrite the rules just to justify is atrociously overvaluation of SpaceX.

1

Anonymous #13 16w

The main source of revenue is starlink, but that still can’t justify his widely inflated portfolio. When the AI bubble burst, then we will plunge into another major recession

1

Anonymous #9 16w

Define "massive" taxation. Then tell me at what point exactly - and in which societies - did we go from non-massive taxation to massive taxation? "You will never tax a nation into prosperity" is a meaningless sentence and a straw man. The megawealthy and corporations are not a nation, despite their nation-like wealth, power and influence

1

Anonymous #9 16w

"He could lose infinite money because he leveraged against assets with technically infinite growth potential, therefore he should not be taxed" isn't a sound argument. Why do you think gambling with potentially infinite losses should preclude the wealthy from taxation of those assets?

1

Anonymous #19 16w

The uneducation is unreal.

0

Anonymous OP 16w

And owning stock (that contributes to his net worth) is still not the same as cash in a bank lmao

2

Anonymous #27 16w

You mean hungry? Or a man from Hungary?

1

Anonymous #9 16w

nono you can use shares as collateral to buy loans with these loans you can buy things it’s just how money works don’t be dense

1

Anonymous #29 16w

Ya anyone with collateral can do that… that’s how a loan works. And when it’s due to be payed back he still has to just like everyone ever… “it’s just how money works”

3

Genuinely uneducated bro sybau

4

Anonymous #9 16w

yes except they have enough capitol they can just get another loan to pay off the first one and eventually, they can pass away and leave their assets to their children which allows them to sell the capital untaxed or continue the borrowing cycle. this is common knowledge stop acting dense

1

Anonymous OP 16w

Or when I didn’t finish 8th grade

1

Anonymous #1 16w

You think they’ll ever get it… no

1

U genuinely need to learn shit, he cant buy water for africa that money is to spend on the buisness. If ur soo mad dont use amazon like tf

1

Anonymous OP 16w

Ur missing the point child

1

Anonymous #24 16w

Keep playing pretend, the rich still won’t care about you.

1

Anonymous #25 16w

elon musk didn't work for very much of it. the majority of his earnings come in the form of government contracts. he is an extension of the united states government and the trump administration. truth of the matter is, the problem isn't with musk specifically but with the government that doesn't use its citizens' tax dollars to improve the lives of the citizens. rather, the taxation and the contracting just make a feedback loop where the wealth accumulates in the companies trump likes most.

1

Anonymous #14 16w

Can I send him a letter asking for him to pay off my loans? And give me some more extra so I can live a decent comfortable life?

1

Anonymous #8 16w

actually, no. The homeless people never see their o money. Don’t get treated well in the shelters so they leave. Majority of them have a mental health issues and run away. The people who work their pocket that money. There’s a book on it. I forget the name

4

Anonymous #37 16w

There **.

4

Anonymous #8 16w

Many shelters can be incredibly hostile or even predatory, and kick them out during the day.

1

Anonymous #9 12w

Hungry not Hungarian.

5