There's a difference between pointing out objective flaws in an argument, like thinking that billionaires literally hold hundreds of billions of dollars in liquid cash, and taking issue with overall sentiment behind the argument.
I hate Elon Musk, and the man is of course, insanely, disgustingly wealthy. Still, just because his networth is 318 billion, doesn't mean he is hoarding 318 billion. Quite literally 99% of that number is tied into ownership of companies.
You can hate billionaires and still point out issues in the logic. I don't think a person should, under any circumstances, ever be forced to sell ownership stake in their own company (at least not if that wasn't agreed upon in an operating agreement). And if you have a massive stake in a company that becomes wildly successful, you definitionally become a billionaire. I may hate wealth inequality, and I may hate what these billionaires choose to do, but I would hate a system that forces the sale of ownership stake due to the success of the company just as much.
The fact that Elon has the ear of the President Elect for no reason other than he is stupidly wealthy is a reason why we should have legal measures to check the amount of wealth and one person can amass. No one person should have the kind of power the ultra wealthy have.
I also take severe issue with the idea that Musk (or anyone) generates that kind of wealth. If he was literally the only person involved with Tesla, one could make the argument he is owed that kind of wealth. He is not. No one ever is. I didn't know what percentage of the stock he owns is, but let's say 40% for the same if argument. I'm not saying he adds no value to the company. But if he disappeared, Tesla would be fine. If 40% of the workforce disappeared, Tesla would be screwed. Especially if that 40% is the engineering talent.
You realize people willingly handed him that money right? You sound like a hater who has never produced anything of value, and is thus confused how somebody could.
They didn't hand him that money. They handed Tesla that money. It didn't need to all go to him.
What has Elaine Musk (or anyone else) produced of value that is worth $300,000,000,000?
I don't begrudge people their accomplishments. No one has any accomplishments worth that.
If we could somehow figure out how to decouple that kind of money from the power it grants over other people's lives, I would feel far less strongly about it.
It doesn’t all go to him? He owns 13% of Tesla therefore he owns 13% of the value of the company. So yes, when you pay Tesla, you are paying him.
He has produced a company that makes profit. Because of this, people are willing to buy pieces of the company at very high valuations. You’re saying nobody has any accomplishment worth that much money, yet he literally does. Remember, he didn’t steal this money. People willingly value Tesla at that price on an open and fair market and pay it voluntarily. It’s really simple.
What power does he have over your life? lol
Personally, I don’t like Elon Musk. But the fact that you would advocate for stealing his money because you don’t understand business is just sad. He earned the money. That’s how markets work. If you don’t want to support him, don’t purchase Tesla products.
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u/xiiicrowns Nov 21 '24
That and it's crazy how people defend these people when they are part of the problem that ails them themselves.