ickplant5d ago

Well, this is annoying

https://lemmy.world/post/47818355

Show threadnonentity

Musk isn’t worth US$800B, it’s how much he’s been permitted to hoard.

No one can earn a billion dollars, that level of wealth concentration can only ever be forcibly extracted from the work of millions of others, or gifted from someone who did.

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

Jun 6 at 7:39pmWeb
Show threadironycanal4d ago
Okay but hear me out: guillotines are really fucking cute.
Show threadnonentity4d ago

I’m by no means against deploying a sharp edge with guardrails, I just see guillotines taking many forms.

You could take their money at the same time as their heads, but I’d argue it more fitting for the experience of extraction to be drawn out.

Show threadironycanal4d ago
This isn’t about the symbolism. This is about the actual machines. I think they’re cute.
Show threaddeathmetaldawgy2d ago
Can’t cut watermelons efficiently with a firing squad but it sends the same message with less archaic violence. Guns r cute in the right context. Proof: share.google/J9Q8VLrWzVYv4DTqc
Google Image Result for https://isj.org.uk/wp-content/uploads/F3m0SVDWAAESvBr.jpg

Show threadironycanal2d ago
No this isn’t a euphemism. I think they’re cute and want one in my kitchen.
Show threadkrisevol4d ago

You realize that it is on the back of stocks worth 350+ p/e ratios right? At 30 p/e he is broke.

He is worth that much because we a country we are winning to buy his stocks are huge earning ratios.

But the magic here, is it’s basically untaxable. The second you try to tax his unraised gains, it ask vaporizes as investors flee.

Show threadP1k1e4d ago
All the more reason to do it
Show threadkrisevol4d ago
Why, you would gain nothing and the best case you will vaporize an industry that is the last flight to keep some jobs in the countries before they moved to China byd
Show threadit_wasnt_arson4d ago
Vaporize? The land and equipment aren’t going anywhere. Reorganize the parts of the parts of the business that are actually, physically real and let the workers decide how best to put them to use instead of an egomaniacal Twitter addict.
Show threadkrisevol3d ago
Elon didn’t own those
Show threadit_wasnt_arson3d ago
The factories, offices, computing hardware, and construction equipment? He’s not the sole owner, but the point of all this is to cut out the money-juggling fluff of passing around ownership between different entities and make actual use of the real-world capital.
Show threadkrisevol3d ago
Is there a capital shortage im unaware of?
Show threadit_wasnt_arson3d ago
I don’t know, someone said the manufacturing industry would “vaporize” if Elon stopped juggling his financial instruments. Wasn’t me.
Show threadkrisevol3d ago
It would. If you tried to tax these bubbles it would pop instantly. The money didn’t exist, it’s all evaluations and when you try to realize the cash the reality sets in
Show threadit_wasnt_arson2d ago
Reread what I said.