How is it possible to be worth a trillion?

[aurpod1980]

Is it just utter madness that one man can be worth a trillion dollars ? $1000 billion Wtaf

"He hasn't got that much money though"

Uh-huh.
Just quite a few billion then. That changes everything.

I think it's the monopolisation of wealth that many have a problem with. Let others get a chance to create and develop new technology or companies? Why should only one person have that right?

It is fucking awful. I felt so depressed when I read this article about it yesterday that I went for a nap to escape how shit this world is

Depressed? Seems strong, just read it and move on with your day.

And what is the most depressing thing about it is the way that so many people think it's ok and actually applaud him, and others like him, for becoming obscenely rich.

That is almost more depressing than him becoming a trillionaire in the first place.

Yippee, let's be spied on in our daily lives with all this super technology and rot the minds of the next generation to sit staring at their ipads and gadgets all day. We need to make physical exercise a priority for all. Battling obesity would be more effective rather than focusing on faster Internet. It's because of technology the world is having so many problems!

I agree with you. It's not something to be celebrated tbh. It's actually very concerning.

Paper wealth- you can’t divide it up and make everyone richer - because the real problem of poverty is the availability of food, shelter services and materials. More money doesn’t mean more resources suddenly become available, it’s just not that simple.

And X.

No it really isn’t… it’s the regimes and the leaders of the world who dictate whether their people live their best lives. Behind every poverty stricken country sits a very reach leader, who gets richer on the back of foreign aid. Fiddles while Rome burns kind of thing.

Well people do….are you saying Musk monopolises the entire wealth and innovation in the world? He doesn’t. So stop frothing at the mouth….

Loads of people do it. Some are good at it and some are bad at it. Some countries make it easy for people to start up businesses and some put lots of barriers in the way so only big business and multinational corporations can survive.

Let’s start by putting a wealth tax in place for the billionaire/trillionaire class to ensure that they pay taxes at a broadly equivalent rate to those of us who have no choice but to pay it through PAYE.

Tax is supposed to be progressive, those with the broadest shoulders should be paying the most. Instead we see them take full advantage of a system that lets them claim they have almost no income, and so instead they carry a fraction of the tax burden that the rest of us labour under.

Musk and Bezos and the like will say you can’t tax their shares unless they sell them, but will then use inflated value of those same shares to borrow against in order to fund their next private jet, or half billion dollar yacht. Bezos apparently boasted that his “income” was so low he received child benefit payments. It’s just a joke to them, and we are the punchline. They will use the media they own to tell you that nothing can be done about it, that you should accept it as a fact of life. Don’t be fooled. We have structured our tax system in the past to prevent this sort of vast disparity from happening, and with sufficient motivation we could do it again. Just be aware that the billionaires on the other side will do everything they can, with all the vast resources at their disposal, to prevent it from happening.

This is a problem that should really unite all sides of the political spectrum. If you ever wanted to “take back control”, then these are the people you should be taking it back from!

But what a thoroughly unpleasant and ignorant man !!

They say if you want to know what God thinks of money, just look at the people he gives it to.

I just don’t get “the race to Space” thing and Space X being so valuable.
I would much rather that the money was spent on making this planet, Earth, a better place for the poor and marginalised people living on it.

Frankly, Elon Musk is not "worth" the dirt on the bottom of my shoe. He is a vile human being with no moral compass.

But he is obscenely rich. Nobody needs that amount of money.

It is. He owns Tesla, Space X, X, neuralink, xAI…

Spacex is worth 2.1 trillion. He doesn’t literally have a trillion in the bank.

99.9% apparently is tied up in s and s, holdings etc. it’s not like his got it in his bank

Many others have created new tech and are also billionaires :
Mark Zuckerberg - Meta, Jeff bezos- Amazon,
Larry Page. - Google and many others. All billionaires. Musk just got to the trillion mark first.

Agree with this, he is a vile human and has very little worth in my opinion.

Wow someone actually talking some sense on MN😂

👏

How much of it will go to the people his ideologies appeal to? That's all I wanna know.

He will be dead one day and his wealth won't help him then.

I blank it out mostly, because it is too mind boggling to take in. He is not the only one who is mega rich and consequently can move the levers of power in Governments and society. Others are just as wealthy but stay under the publicity radar.

I'll just continue to live as I've always done, and largely ignore news about people like him. He's not giving me any of his wealth is he?

So, again, not everyone has the same opportunities starting out?

You are actually agreeing with me with your statement here, not arguing a different point.

I know, it's great.
Unfortunately it won't last long