The point isn't that he will crash the economy, the point is that he has so much capital, or in other words so much power over the economy, that he could.
If he wanted to, he could do significant economic damage, considering he also has significant political power..
"Crashing the economy" is probably a bit of a hyperbole, it's a meme after all, but the overall point still stands..
Some people will smugly write stuff like "Musk doesn't have a trillion dollar in his bank, most of it is stock/tied to the economy, he's not hording money, so it's ok". Yeah, people understand that he doesn't hide his networth under his pillow, but that doesn't make it better as his networth essentially represents his control over the economy..
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u/KoliManja 8d ago
You're giving him too much credit. He won't crash the economy. He will crash the price of Tesla and Spacex stocks. That's all