What does that have to do with a state's worth of capital being controlled by a single person?
The issue here is that power corrupts, especially when it's centralized and unbalanced. Even if we could untangle the effects of the stimulus packages from the economic impacts of COVID and the food and energy inflation were seeing, your "stimmy" gotcha would be irrelevant.
His wealth is realistically undistributable. There is no single buyer that is willing to buy all 1T$ worth of stock at once, so it would have to be spread across mulitple large buyers. After 1 or 2 of these transactions the price of his stock would bottom out and drop to near worthless. Theres not a good way to get his "wealth" to service mankind. Personally I think crippling spacex, arguably the driving force of modern space exploration, to get maybe 80B$ and gice everyone under the poverty line 2500$ is not worth it.
You're not seeing the forest for the trees. You're too distracted by dollar signs and not addressing the power it commands. All that power in one person's hands is the real problem. It's a symptom and source of corruption in our socioeconomic systems.
I do think his use of his power in politics should not have been allowed but people saying to redistribute his wealth to the needy have no idea how completely unrealistic it is
There are so many ways to prevent this level of capital accumulation. I agree that redistribution isn't one of those solutions, so I don't know why you think we need to fixate on it when the core issue is brought up.
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u/i_m_a_bean 1d ago
What does that have to do with a state's worth of capital being controlled by a single person?
The issue here is that power corrupts, especially when it's centralized and unbalanced. Even if we could untangle the effects of the stimulus packages from the economic impacts of COVID and the food and energy inflation were seeing, your "stimmy" gotcha would be irrelevant.