Source

This is a disaster awaiting to happen. We should prepare our communities for when SHTF

https://lemmy.dbzer0.com/post/71026299

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?

Happy to help :>

So now Musk is richer than the next four richest combined?

I think this is getting a little out of control.

All billionaires should be stripped of their wealth over 999 million and given to the rest of the world

And the average person is not even a pixel.

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.

Eat them, obviously 🍴

William Gates III 🧐

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.

So did Musk win? Is he done now?

Do I have to? I feel like eating the muskrat is likely to cause a ketamine overdose.

Capitalism is this. This was always the logical conclusion when wealth and success were so intrinsically linked.

If they were going to stop on their own they would have by now

I love how Musks conpanies keep losing money yet somehow the stupid fake value just keeps growing.

I hate speculative capitalism so much

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.

Hanged, just hanged

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 🤷

He makes about $150,000,000 a day, passively from his assets.

Wealth tax now.

lmao glad someone said it.

here's hoping capitalism doesn't survive this.

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.

No its fine. No worse than having a single billionaire, really.

Impossible to do both. If you kill them somebody just inherits.

And or course the concepts of money and ownership must be preserved.

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.

tax

You folks hate theory, huh.

Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it

As their wealth goes up, the available money goes down and we all work harder for less.

That's not how money works lol

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).

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.

It is, in the sense that they use that wealth to oppress the rest of us.

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.

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...

It’s ridiculous that they could give away $1bn/yr in charity projects and they’d still be billionaires when they’ll finally die

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.”

It is called capitalism because those with the most capital get to make all the decisions

Keep killing till desired wealth distribution.

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.

But make sure there's still money, and other fungible transferrable wealth!

999M USD is still way too much wealth for a single person.

$999m is still an obscene amount of money, and they'd just start finding ways to amass it again

I would not wish that on pigs

Nuance about larceny gets you Sweden. Larceny is the wrong approach to horizontalidad. You want to compensate workers for yields, not rob’m.