430
By the time Harris or Trump finish out the next presidency you'll be poorer and he'll be making $10,000,00 an hour.
$124,111,680,000 if you’re curious (24x365x2024x7000).
4x times as much of what you need for a good life, in a day.
If you can live you life on 42000 I'd be impressed. I assume you mean 4x what you need yearly for a good life, daily? That's more reasonable, but I think you'd still struggle at 42k a year these days.
"BuT hE's WoRtH tHaT mUcH bEcAuSe Of AlL tHe HaRd WoRk He'S bEeN dOiNg!"
You tell that to his delivery drivers who can't even scratch their nose while driving or that 1984-dystopia-esque automated surveillance system he puts in their vehicles flags it as "distracted driving" and punishes them.
Oh and they don't even make enough to raise a family.
They don’t need to make enough money to raise a family… they don’t get enough time off to do so in the first place.
Those fucking people man...
Tell me again how these CEOs with multi-million golden parachutes were worth that if they're bailing from a company they failed?
Elon is the prefect example of how little actual work a CEO does.
- CEO of SpaceX - Elon Musk
- Chairman and CTO of Twitter - Elon Musk
- CEO of Telsa - Elon Musk
- President of Musk Foundation - Elon Musk
- CEO of xAI - Elon Musk
What does Elon do all day? Be a piece of a shit on Twitter. If CEO work was so demanding, there would be no way Elon would be the CEO of three different companies, chairman of the Board and CTO of one company, and a president of a "charitable" organization.
Reporting by The New York Times found that in 2022, the Musk Foundation gave away $230 million less than the minimum required by law to maintain tax-deductible status, and that in 2021 and 2022 over half **the foundation's funds went to causes connected to Musk, his family, or his businesses. **
Because them saying they're "worth" that is just mental gymnastics to make themselves feel better about abusing the position of power to leech as much money from as many people as possible for themselves.
If you spent some of that time a little too close to a black hole you might have a chance though! Obviously you just wouldn't be working hard enough!
I would simply invest a small amount of money into all of the fastest growing equities every day for the next 20 years. Alternatively, I'd just get the NSA to pay me $600M/year for access to some servers that cost me around $50M/year to operate.
He doesnt make that in actual money tho. Rich people's value are vibes based egregors summoned through the stock market. So, in a similar vein, if the stock market crashes and never recovers, he loses most of his money. This is why I propose ripping down Wallstreet to starve the machine.
He'd still have a lot of property to his name, a lot of other assets and stuff that aren't tied to an arbitrary stock market. Even if you crash it, mansions and luxury cars would still be very valuable. He will never not be a billionaire due to that.
That is, unless you redistribute his wealth. Then yeah, he wouldn't be filthy rich anymore.
well it's worse than that becase most of those houses and other assets were bought for the most part from loans taken out at very low interest rates against the stock he has in his company's and other shares in his portfolio . The stocks on whole give better return than that interest rate. So it's free money they can spend an they don't even have to sell their stock and pay taxes on the returns just the dividends at a way lower rate that any working person. the way this is setup it becomes impossible for him to spend money fast enough for him to actually lose more money than he gained.
Very true, but you have to be able to sell those assets to gain from them. If the stock market is erased you can't sell your yacht to another exploiter because their networth is decimated too and they can no longer borrow off anything but physical assets, and now they also have a massive "income" stream that is now down so borrowing is more risky. We coulda had a bad bitch of a society, instead we let the rich turn us all into Mammon zombies.
And the vast amount of web storage customers
Love both of these, but going after the stock market is how you kick billionaires in the balls. Then you redistribute their assets to serve society instead of society serving their assets.
You do not talk about project mayhem
I would like to think I would be able to catch up with that kind of income, my apparent immortality, and smart investing, compounding over so many centuries. I’m curious what all currencies and cultures I have had to endure and how the exchange rate of my income is worked it and what currency I will be operating under after the US dollar.
this post was submitted on 27 Sep 2024
430 points (97.8% liked)
A Boring Dystopia
9576 readers
689 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS