Fuck trickle-down, time to implement the piñata economy.
Don't forget that shithead larry Ellison. He's worth 200b right now.
Don't forget the bankers who do not appear on such rich lists.
... How much did the Rothschilds have at the start of last century? Enough to own how many nations? All of them?! Oh, maybe they just magically got poor since then, huh? XD
As per, the only thing that trickles down is shit, vomit and piss.
It works like a piñata - if we beat it open with a club, only then will its contents trickle down.
Dragonslayer is an occupation that needs a comeback
If these billionaires started feeling just a little less safe out in public with the rifraf ... Rather than being worshiped - I imagine we'd see them at least hesitate when improving the efficiency of the orphan crushing machine.
America has spent decades brainwashing people the wealthy are special and you can be one also if you work hard.
We already have Musk acting like his own personal country, making personal deals with world leaders that benefit only himself over other nations. Others are probably doing it, too, but we haven't heard about it.
Now these Sociopathic Oligarchs are heading to trillionaire status, and they WILL be founding their own Corporo-Nations, which will require private armies for security. Eventually, these Corporo-Nations will combine to form their own alliance, combine their armies, and start throwing their weight around militarily, as well as economically.
This is all just a matter of time, and then we're going to wonder as a planet, Why we didn't stop those guys back when we had a chance?
I have no doubt at all that ALL of them have violated many laws, in many sectors, to get as rich as they are. Investigate them deeply, prosecute them for their crimes, and confiscate their entire fortunes. If we don't do that, it is absolutely certain that we will come to regret it.
.
The age of kings returns.
Elon is not an American.
He builds fireworks that's pretty American tbh.
That's not liquid money though. For each one, the figures mostly represent stock in their own companies which they couldn't pull out without crashing the value. Musk's wealth in particular is mostly air. At least the other two have profitable companies that actually function. In any case, much of it's not real money we could pull out of the bank and spread around. (But we could tax the fucking snot out of them and spread that around!)
But even if they were "only" worth a few 10's of billions, the real issue is that they own the government. And Zuckerberg and Musk own a monster chunk of our social media, control our opinions.
tl;dr: It's not real money and the problem is influence, not total wealth.
So then forcibly nationalize their companies if they won’t share the equity in their companies with the workers who built it. Fuck your stupid argument that defends oligarchs
This place makes me feel like I'm surrounded by angry teenagers. I merely explained that their wealth isn't liquid, and that is a cold stone fact. I also explained that the money isn't the issue in and of itself. The issue is that they can purchase influence enough to run the country.
Lemmy: "BOOTLICKER!"
Of course what you said is accurate. But you’re missing the point. The point is that there is a systemic issue wherein a business owner can capture equity and keep it from their workers.
Neolibs hate this because they’re like b-b-but what if I start a small business?? Or what if I finally get that promotion into the c suite?? I need to be able to extract wealth from the peons!!
In a just society there would be Amazon but jeff bezos would be far less wealthy because the average Amazon worker would have a significant amount of shares in the company, since without them the company wouldn’t exist. But instead will live in a society that serves oligarchs and allows the overwhelming majority of those workers to be paid essentially nothing while a small portion of people at the top of the hierarchy not only get reimbursed in exponentially more money, but equity shares as well.
When you point out they can buy influence without addressing the systemic issues it’s like you’re saying “oh hey it’s not like they actually have the money. They just have this influence.” But you don’t connect a to b and it’s like are you fucking dumb? The have that influence because we give it to them. Thus, bootlicker
Well, only on paper. Someone actually has to buy their shares first.
You'd think that, but go research or watch a video and get informed on how these bimbos use their networth (stocks) as collateral for bank loans of still more money than we will ever see in our life times (that they never really pay back btw).
They take out loans against their stock, kind of like a HELOC. So they get money without reporting any income too cuz it's a loan.
The "money" used to buy bread is a very practical medium to exchange resources. These figures with too many digits are not real: that "money" is a result of sums of products of virtual values based on credit and speculation. The fact that the same symbol ($) is used for these two very different things sounds like a systemic bug.
True, but if Elon gave you $1 million in Tesla stock you could still easily sell it, be taxed on it, and use the remainder to buy a lot of bread.
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