We can only hope 🙏

  • ericjmorey@beehaw.org
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    1 year ago

    That wouldn’t put him in financial distress. His ego would certainly be hurt but he’d still be wealthier than 99.99% of the world.

    • itty53@vlemmy.net
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      1 year ago

      Removing his ability to play stocks at all is removing his ability to earn money. His investors will leave him and the interest on his loans will liquidate him. We’ve seen more than a few of his type flash up and fade away. Milken. Pickens. Belfort. And of course, Madoff. Just to name a few we know by a single name.

      He would still be wealthier than 99.99% of people but then so are a lot of folks on the planet. That’s 80 million people left over in that .01%. That’s not all that powerful at all. It’s removing him from the .00001% thats the goal. And killing his stock market abilities would do that over-night. It’s why he bought Twitter, he had to because this was the alternative.

      • ericjmorey@beehaw.org
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        1 year ago

        I don’t think I’m following. Your example of Michael Milken is odd since he’s estimated to have between $5 to $10 billion in net worth today. Which kind of goes to my point that Musk is less likely to be in financial distress than win the Powerball Jackpot