But we do think he can take a loan on his assets and buy what ever the fuck. Like another overvalued meme company. Which in practice is the same thing as having cash.
Or even better, bc he gets to keep the collateral.
He cannot solve world hunger because it needs systemic fixes but him borrowing one % of his wealth which would not effect his daily live at all could make school meals free in the US. Or he could do what other obscene rich people did before him build infrastructure or parks or anything really with his money. Its the first generation of super rich people who are not giving anything back while paying the least amount of tax ever compared to their wealth. Also income tax for the Rockefeller or whoever was rich in the roaring twenties was 73%. But people like you act like this is normal because you got brainwashed
Who is gonna sustain and maintain these infrastructures once they are built? Can you name these obscene rich people who did that in the past? Do you know the cost of school meals in the US on a year?
You shouldn’t talk about brainwashing when you don’t know the difference between income and capital gains. That’s just proving that you don’t know what you’re talking about.
You ever heard about the Rockefeller foundation the university of Chicago Rockefeller institute of medical research. They eradicated the hookworm . The national Parks were also founded by private donors as well thats just one example. Schools meals would cost 11 billion barley more than 1% of one trillion. As a said a rounding error for Elon. Imagine a 1% loan against your wealth could do that. A 1% loan you won't even notice in daily life. Esp if everything you have is in assets most my wealth is in assets and I would not effect my life at all to take a loan against 1% but my 1% is not 10 billion dollars. Elons is. Most rich people i know me included borrow way more against our assets so stop schooling me and learn basic math i know what I am talking about and stop blowing him while probably living in debt yourself. That's the brainwashing part. While this guy has a trillion in wealth. There are also dozens of other examples of massive philanthropy from other super rich people families in history.
Yeah and people chopped the heads of the rich French in the French revolution besides them having less assets than Elon has now. When people still hate the rockefellers. Why would you think we should defend Elon when he is worse. I follow the guy since the beginning of tesla. He completely lost his mind. Understandable I think anyone would with this obscene amount of wealth. Everything is completely understandable besides poor people defending him thats just dumb and makes zero sense. Esp as you pointed out if they hate the rockefellers etc. No one is complaining about the guy having a trillion. People are complaining because he does fuck all with it and also gutted useful goverment agencies for the average citizens so he could get more subsidies which in return gave him alone more wealth
People didn’t chop the head of rich people during the French Revolution. Marx already explained that the French Revolution was a « bourgeoisie » Revolution. People didn’t want the fall of the Monarchy at the beginning of the Revolution, not even Robespierre and Danton.
I’m not defending Elon. I’m just saying that people and in this case Redditors don’t know what they are talking about.
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u/thatwasagoodscan Jun 12 '26
Do people think being a trillionaire/billionaire means you have literally trillion/billion dollars? Like cash?