It’s hilarious how Musk is the wealthiest with multiple businesses that are actively failing and cannot make a solid case for their valuation without going into fantasy scenarios.
Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it
But he can take out massive loans on that valuation.
And that money can be used however he wants.
Also, the recent IPO was him collecting money from a lot of people, and since he got exempted into a few indexes, people’s retirement money is now tied to Musky scams.
This means that if Musky does decide to cash out and crash the economy, he’ll have an instant bailout.
people’s retirement money is now tied to Musky scams.
Now where have I seen this before…? Gosh, if only history had some warnings…
I think he only cares about this half-imaginary number being big as possible. He tried the politics/power thing for a bit but I feel it’s clear that wasn’t for him. He doesn’t want to be on stage and talked about, those are just consequences of his real want. Everyone else that are even remotely close to him in that use way more to bribe, control and change things for their views.
Be careful though, suggesting that Starship might never fly, or Full Self Driving might never drive, or that data centers in orbit are unlikely to scale is dangerous on the Internet.
Starship flying means nothing when nobody is using Grok which wastes more money than Starship capsule make.
Full self driving is only 1 decade late. Tesla is already behind technologically and their quality is still pathetic.
Data centers in orbit will be orders of magnitude more expensive and complex than data centers on earth. Data centers on earth are having tons of trouble being built because the costs and materials needed are extreme.
Also, Elon Musk is a Nazi that really wanted to be invited to the Epstein pedophile parties.
So now Musk is richer than the next four richest combined?
I think this is getting a little out of control.
He makes about $150,000,000 a day, passively from his assets.
Wealth tax now.
Fucking nauseating
tax
You folks hate theory, huh.
It’s okay to be nuanced about this. In a system where one person can “make” this much, things are so obviously out of whack that it’s not contradictory to want that kind of wealth to be heavily taxed, while still holding the view that in an anarchist system taxation is not desirable.
Yeah, it’s also worth noting that “wealth tax” is the compromise. It’s the starting point for a good faith negotiation, which works within the bounds of the current systems. Because the alternative is “storm the compounds. We’d only need to livestream a mob eating like a dozen of the richest before the rest get the message and fall in line.”
Nuance about larceny gets you Sweden. Larceny is the wrong approach to horizontalidad. You want to compensate workers for yields, not rob’m.
I don’t disagree in principle. But pragmatically, while a wealth tax is an imperfect system for wealth redistribution, it’s still realisable on meaningful timescales. It can be done while working to achieve true horizontalidad.
How?
By removing the financial power that people who hoard wealth hold.
That can happen while building new, non-heirarchical systems.
That link is far too specific. This one gets the point across much more clearly.
you forgot to append the #Against anchor.
it should be depressing many people still don’t comprehend the problem with compulsory larceny.
Oh I just now realized that you’re calling taxes, “compulsory larceny”. Literally just “tax is theft” with a pseudointellectual patina.
Lol ok bud. Go live on SeaLand or some shit
Wait, taxes can now be voluntary?
’Cause mutual aid is something we praxis, but being threatened with violence for not complying to your burglary is “pseudointellectualism”?No, trying to sound smart by using big words was the pseudointellectual part.
“Taxes are theft” is just the stupid bullshit I believed when I was 12 years old.
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No its fine. No worse than having a single billionaire, really.
All billionaires should be stripped of their wealth over 999 million and given to the rest of the world
Hanged, just hanged
Impossible to do both. If you kill them somebody just inherits.
And or course the concepts of money and ownership must be preserved.
Keep killing till desired wealth distribution.
But make sure there’s still money, and other fungible transferrable wealth!
Invest in NFTs?
Easy
Just hang them after their wealth is redistributed.
$999m is still an obscene amount of money, and they’d just start finding ways to amass it again
999M USD is still way too much wealth for a single person.
Ever played around with the maths of that?
If seeking a Robin Hood style remedy, may need tackle all the dormant pools of hoarded wealth, and all the squander.
It’s fun maths to play with. If one is aware of at least a few of those pools. Especially banking, and suppressed access to resources (primary, technological, and more).
I don’t even care what happens to the confiscated money; it could just *poof* out of existence and that’d be fine. What matters is that massive wealth inequality is objectively bad for society and must be reduced.
Great point.
The five wealthiest people who show up on the lists.
I love how Musks conpanies keep losing money yet somehow the stupid fake value just keeps growing.
I hate speculative capitalism so much
It’s ridiculous that they could give away $1bn/yr in charity projects and they’d still be billionaires when they’ll finally die
Not really because this isn’t real money. Especially in Elons case it’s all in pumped up stocks that he could never sell without crashing the price. Not that this is making anything better and the current stock market is just another symptom of the death spiral we are currently in.
If we all just collectively decided to eat the top one every week, the problem would just sort itself out after a month or so.
It would take more than 4-5 occurrences. Inheritance is a thing.
Not unless we stop them.
How? I don’t see them stopping until the supply lines collapse.
You don’t see Brian Thompson making any more money for United Health, do you?
No, but plenty of other people do, and the person that shot him clearly hasn’t been doing much else to “help”.
So, either put your money where your mouth is, or stop spouting the same demagoguery bullshit and find an actually useful thing to suggest.
You think the removal of one system of government to institute another (even if that system is as little of a system as possible), along with a radical redistribution of wealth, happens without violence?
I may have a bridge to sell you.
You think it happens with violence? Look what the french revolution led to. 100 more years of imperial rule and the most deadly war in European history. Look at what the Russian revolution led to, the USSR. The Chinese revolution.
Now look at how anarchist societies/groups emerged in history. Cooperation and mutual aid. The violence was for the most part defensive.
The only people who think violence is the answer, are the ones with superficial understanding of history who are suffering from Duning Kruger effect. Violent revolutions always lead to authoritarian’s grabbing power and kick starting oppressive regimes.
Today is the parent of tomorrow. The present casts it’s shadow far into the future. (…) Revolution that divests itself of ethical values thereby lays the foundation of injustice, deceit, and oppression for the future society. The means used to prepare the future become it’s cornerstone. - Emma Goldberg
I don’t get why you’re being downvoted. No reasoning being given back. People flock to violent revolution without considering if it even leads to what we want in the first place.
This is an anarchist space so I expect reasoning if a proposal is being rejected.
Eat them, obviously 🍴
Do I have to? I feel like eating the muskrat is likely to cause a ketamine overdose.
Just make sure to boil him first, I’m pretty sure that should break down the chemicals, right? 🤔
Or just feed him to the pigs, either way 🤷
I would not wish that on pigs
It’s going to continue to accelerate to a kind of feudalism where they own everything. Democracy or even capitalism itself can’t survive this.
Capitalism is this. This was always the logical conclusion when wealth and success were so intrinsically linked.
lmao glad someone said it.
here’s hoping capitalism doesn’t survive this.
It is called capitalism because those with the most capital get to make all the decisions
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 trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
Yup. Ben Norton did a good piece on this topic a few days ago.
https://www.youtube.com/watch?v=Dj-hd3l4dSo
The graph (iirc about half way through maybe), with his added coloured blocks for the different eras lends some superb clarity to what’s going on, the political philosophy shifting phases of accelerated worsening, and how bad it is, as in how much worse it is contrast to the worst time in history…
What we have now, makes the guilded age look like some kind of egalitarian paradi~~ well, maybe not paradise, but more egalitarian… much less egregious than would have been seen in the keynesian phase. How little they knew, of how much worse it could get, and was going to get. Pesky marketing, in rebranding same old corporate fascism as “neo-liberalism”. Many likely not bothering with the term neo-feudalism, preferring the delusion there’s anything “liberal” still going on. As if that limp thing were even enough to do any more than pretence on slowing down the consolidation of wealth and power even if it were what it’s best definitions and ideals pronounce.
This is a disaster awaiting to happen. We should prepare our communities for when SHTF
So did Musk win? Is he done now?
There is no greater indictment on capitalism than having its biggest winner be the world’s most embarrassing man.
At least in fiction the richest person is interesting. They may be a monster, but they are usually smart or ruthless or something…
We get a Ketamine Soaked Edgelord of Embarrassment…
They will stop once we have eaten a few of them.
They will not.
Then, we will say “we have not eaten enough of you and we are still very hungry caterpillars.”
If you can still speak to them, they will not stop.
You forget yourself sir. I would be addressing my peers in such a context. I do not speak to food.
