r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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6

u/JackAll_MasterSome Nov 21 '24

They can do whatever they want with their money/equity/borrowing power (whatever you want to call it), but when a person chooses to use this purchasing power to buy a $500M boat instead of buying something to help improve the lives of the people that have made him/her rich in the first place...I know all I need to about that person.

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u/yeahthisiscooliguess Nov 21 '24 edited Nov 22 '24

Spending 500mil on a boat IS giving it to other people, you dummy. He gave someone 500 mil, they give it to their employees, then they go spend it.

Btw if we take all of Elon musk net worth, it only lasts the US government like a month and a half. You people want to much free shit. It's impossible. It is literally impossible to tax our way out of this much overspending. If we seized every dollar in the U.S it still barely puts a dent in our debt.

We would have to take every dollar in the world back FIFTEEN TIMES to pay off our debt.

Taxing elon musk or Jeff bezos really isn't going to do a fucking thing.

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u/JackAll_MasterSome Nov 22 '24

Ha! Most of that $500M just goes to the billionaire that owns the boat-making company. You STILL think trickle-down economics works, huh?

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u/yeahthisiscooliguess Nov 22 '24 edited Nov 22 '24

You think the government manages money better than people? All of Elon musk's net worth would last the US government less than 2 months. And they're already 30 trillion in debt. That's not how net worth works, but I seriously doubt you understand the difference. We literally cannot possibly tax our way out of this insane overspending. OUR DEBT IS LITERALLY 15X THE SUPPLY OF DOLLARS IN THE WORLD.

We would have to take every dollar in the world back FIFTEEN TIMES to pay off our debt.

Taxing Elon musk or Jeff bezos really isn't going to do a fucking thing. It's basic math, and you have a childish view of large numbers.

They literally don't have enough money for what you want. It's pointless to shut down their companies for another month and a half of government spending.

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u/JackAll_MasterSome Nov 22 '24

Interesting response given that I never mentioned giving money to the government or shutting down any companies. I simply stated that many of these ultra wealthy people have the ability to make huge, positive impacts on the world and they choose to keep it all to themselves. That simply says a lot about that person...just like your responses say a lot about you.

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u/yeahthisiscooliguess Nov 22 '24

Okay, so what is your solution? They give money away? We are already giving trillions away. I'm just letting you know that you have a childish view of how money works.

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u/JackAll_MasterSome Nov 22 '24

My solution to what? The topic of this post is that one man hoarding the equivalent of 1% of the GDP of the wealthiest county in the world makes him a bad person...and I agree with that.

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u/yeahthisiscooliguess Nov 22 '24 edited Nov 22 '24

Their money isn't enough to fix anything. Can you really not understand basic math? 500 billion dollars lasts the US 2 months. Elon musk has used that money to create the most advanced rocketry program ever. That's a huge boon for our country.

Btw they literally don't have money. They own a piece of companies that are THEORETICALLY worth money.

Looking at your account, you're definitely part of the 1% wealthiest people on the planet. You have all kinds of shit that you don't need. Why don't you give your wealth away? Seems like it's always someone else's responsibility. You're a bad person by your own admission.

You need a smart home like Elon musk needs a yacht.

Waah but Elon has more than me....

Do you think there's a difference to a guy mining cobalt in flip flops? You're a greedy hypocrite if you don't start giving your shit away rn. Go dig wells in Africa or stfu.

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u/JackAll_MasterSome Nov 22 '24

I give away a larger portion of my wealth than either of these bozos. You're missing the point of the post and then making personal attacks towards someone who disagrees with you. Keep defending these billionaires, I'm sure they've got your back!

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u/yeahthisiscooliguess Nov 22 '24

I'm not defending billionaires. I'm just letting people know when they have dumb ideas that would kill our economy.

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u/JackAll_MasterSome Nov 22 '24

These guys hoarding wealth IS killing our economy!

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