this post was submitted on 13 Aug 2024
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It's interesting how most of Musk's wealth is in stock and such, when people start cashing out on it. What's his liquid wealth?
I assume he's been wealthy for long enough that he's been able to cash out interest and dividends to make him a wealthy man, constantly accruing money simply by having money.
Seeing him tank on everything he touches( bringing down the value), I have to wonder if there is a limit to his liquid funds. The world's richest poorest man or something.
Fuck him and the horse he rode in on.
I fucking hate that so much.
“People think a thing is cool, so the person who owns the thing is cool and should get a monetary value based on a lot of people’s opinions”
And everyone is lIke “Yes this system is great! Let’s do this with more people”.
And then one day nobody thought the thing was cool anymore for…reasons (Tesla) and so that person loses money relatively proportional to how many cool points they lose in the minds of a bunch of other people.
But that’s a travesty and this person’s coolness now affects a lot of other people’s coolness to the point that it could severely fuck up the economy if enough people stopped thinking they were cool. So we have to keep telling this person we still think they’re cool so that shit doesn’t get really bad until we have a better plan in place to deal with it.
And then we’re like fuck…that was stupid…we shouldn’t do that again. And everyone agrees.
Meanwhile we’re still doing it with countless other people and things and we’ll act just as shocked pikachu face the next 30 times it happens.
It’s so fucked up and dumb.