I downloaded for defending a rich person. “His networth is tied up in stocks” is the kinda shit someone says who doesn’t understand that that doesn’t make them any less rich. A trillionaire means a trillion dollars of your shit is owned by him, houses and farmlands and workers and production capacity and art. No one should be allowed to have more than 10-20 million, at that amount they can pick someone to never have to work again in their life every year for the rest of their life. That’s too much money.
Not defending, just an explanation, and one that if anything would enrage Elon more.
He’s still an absurdly over-wealthed taint stain, but the specific numbers over that threshold were just not quite as substantial as other (also somewhat imaginary) numbers.
Point in fact, he was a trillionaire, and now he is not, but he didn’t lose anything real. He still has every bit the amount of real wealth and control over all that stuff you listed that he had before, just the number shifted by billions of dollars while preserving every last thing of import that was wrong with his wealth. He is no longer a trillionaire but that means absolutely nothing about the problems his wealth pose in real terms.
At some point, the numbers cease being a thing for meeting their needs, their comforts, and at some point even their every whim and preference they could possibly imagine. It just becomes a score and they peg their egos to the score. This is a level no one should ever be at.
It’s not defending a rich person, it’s a statement of fact pertinent to the conversation.
Musk has most of his net worth in volatile investments. The total value of those investments once exceeded $1tn, but have lost value and no longer exceed $1tn. Therefore, he is no longer a trillionaire.
No other implications were made. Stop tilting at windmills.
I downloaded for defending a rich person. “His networth is tied up in stocks” is the kinda shit someone says who doesn’t understand that that doesn’t make them any less rich. A trillionaire means a trillion dollars of your shit is owned by him, houses and farmlands and workers and production capacity and art. No one should be allowed to have more than 10-20 million, at that amount they can pick someone to never have to work again in their life every year for the rest of their life. That’s too much money.
Not defending, just an explanation, and one that if anything would enrage Elon more.
He’s still an absurdly over-wealthed taint stain, but the specific numbers over that threshold were just not quite as substantial as other (also somewhat imaginary) numbers.
Point in fact, he was a trillionaire, and now he is not, but he didn’t lose anything real. He still has every bit the amount of real wealth and control over all that stuff you listed that he had before, just the number shifted by billions of dollars while preserving every last thing of import that was wrong with his wealth. He is no longer a trillionaire but that means absolutely nothing about the problems his wealth pose in real terms.
At some point, the numbers cease being a thing for meeting their needs, their comforts, and at some point even their every whim and preference they could possibly imagine. It just becomes a score and they peg their egos to the score. This is a level no one should ever be at.
It’s not defending a rich person, it’s a statement of fact pertinent to the conversation.
Musk has most of his net worth in volatile investments. The total value of those investments once exceeded $1tn, but have lost value and no longer exceed $1tn. Therefore, he is no longer a trillionaire.
No other implications were made. Stop tilting at windmills.