• krisevol@lemmus.org
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    2 months ago

    He didn’t have a trillion dollars. He has stocks that have a market cap of a trillion.

    • wheezy@lemmy.ml
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      2 months ago

      We all know mate. No one is saying he has a trillion dollars sitting in a bank account. Money is also fake. We made it up. It’s just less fake to you than stocks.

      Stocks are speculation on the value of a company. Currency is speculation on the value of a country.

      They both become worthless if we all go arm ourselves and kill the right people. They’re nothing more than ideas we all decide to agree on. We (the world) all just happen to currently agree that we measure an individuals “wealth” to include their current stocks they hold.

      I don’t know why this “smart” dumb guy comment has to be in every thread about Elon. Who is this for? Sorry, it’s like the 5th time I’ve read this in the last couple days.

          • krisevol@lemmus.org
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            2 months ago

            But that wealth is stocks on company’s that don’t name a profit. How would distributing those stocks help us?

            • athatet@lemmy.zip
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              2 months ago

              Well we’ve tried not doing it this whole time and that doesn’t really seem to be working out so maybe we try it just this once.

                  • krisevol@lemmus.org
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                    2 months ago

                    So we are going to take stocks from companies that don’t turn a profit, and try to extract crash to fund programs to help everyone in a liquidity crunch.

                    This is will work out well

            • NoForwadSlashS@piefed.social
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              2 months ago

              You rapidly sell all the stocks, cash out while tanking the bullshit company and reducing the wealth of all those heavily invested in it. Win, win, win.

              • krisevol@lemmus.org
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                2 months ago

                You can’t do that. He’s required to submit forms about sells, and he’s not asked to still spaceX for one year