I remember a time when being a billionaire is seen as too much, and now we have a trillionaire.
Don’t worry market will regulate itself just wait a little longer. /s
It’ll trickle down. Any day now.
US need Luigi’s menthod as a guideline for the nation
Well if this administration can be believed (…I doubt it), there have been at least 3 attempts on Trump’s life in the last two years.
I know that I can’t take no more
It ain’t no lie
I wanna see you out that door
Baby, Tri, Bi, bye (Bye, bye)Billionnaires too. They’re not off the hook.
A society that is in desperate need of
a revolution99% tax rates for extreme wealthYou wanna make a mess, make it in your neighborhood. I want the problem solved today by bank transfer
Say, how will you convince them today to do that transfer?
The point is that won’t happen without a revolution
Not all revolutions are violent, but the ownership class will sooner hire armies to defend their wealth and power than submit to a general strike, or the laws of a liberal nation.
Then there’s the matter of the climate crisis, exacerbated by data centers and the US’ cling to fossil fuels.
The mess will absolutely come to your neighborhood whether you want it to or not.
86 the trillionaire(s)
We now can say " the difference between a trillion dollars and a billion dollars is a trillion dollars." So we got that going for us, which is nice
Doesn’t deserve to exist. Will burn.
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The important part being that policies are tested. Every policy should come with a desired outcome, the time scale for achieving it, and a way to measure it.
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That sounds like central planning, and the thing about that is when your bureaucracy gets big enough to test all the policies for a whole society, corrupt bastards sneak in and start meddling for personal gain.
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It’s a sign of a failed system, but even billionaires are too much. No one individual/family should have that much wealth or power. The first billionaire was just over 100 years ago, and look at us today. The point is, once someone has that amount of wealth, reality bends around them making them powerful enough to protect themselves. They then influence the state which is not there to represent them, but us. All serious nations must consider a 100% wealth tax on anyone with over 10 million in net worth. Capitalism has made it a long time, sure. And one could argue life at the bottom is marginally better than feudalism or whatever, sure. But obviously we’re at the end of the experiment and need a reset.
His companies have been valued at $X billion/million each. That doesn’t mean he (or any of the “richest people”) actually has that much wealth. It means that he has gamed the system of company valuation. He needs that for his fragile ego.
Of course they’re all still wayyyyy too rich, but -
Fuck that “trillionaire” shit. Every time this is mentioned, Musk’s ego is stroked. And I feel dirty just writing that last sentence. Eww.
This is a misunderstanding of what “wealth” actually is for the capitalist class. You are imagining the dollar value as a means to purchase commodities. It makes sense if you think of money as a means of holding the value of labor. You’re interaction with money is in earning a wage doing labor. You then use that money to purchase the things you require to survive. You use that money to get the products of other peoples labor. Money for you is a means of holding the value of your labor.
This is not the relationship with money that the capitalist class has. Money is not a result of their labor. It is a result of their extraction of value from the labor of others. They are not concerned with their ability to “afford” something. They are concerned with their ability to maintain power within the capitalist class.
The dollar value of their wealth is measured in the control within that class structure. The measure of their wealth is the measure of exploitation and influence they have over the rest of society.
So, yes, it’s not dollar value trillion in a bank account. But that doesn’t matter. At the degree of wealth we are talking about it doesn’t matter if you use USD or bottlecaps; just so long as you’re measuring it consistently to describe the power and influence that unit of measurement describes.
Saying “they aren’t really a trillionaire” isn’t really meaningful. Money is fake. We made it up. Society accepts this measurement as a measure of describing the fucked up distribution of resources. That’s all this term is really describing.
Saying “they aren’t really a trillionaire” is basically just saying “they don’t really have this much control over us”. When, yes, my every material metric they do.
I know what capitalism is. But this company valuation business is also corrupt. Musk really really wants to be the richest man on Earth so he games it for all its worth. I bet a neutral and transparent re-valuation would reveal that he’s NOT a trillionaire by a long shot.
edit: I bet a neutral and transparent re-valuation of all his businesses would bring the whole house of cards tumbling down.
It’s not corruption. It’s capitalism functioning as intended. It’s internal contradictions are not corruption. They are features the capitalist class exploits; for as long as the rest of us allow.
Violent revolution.
checks watch
Any second now…
shakes watch
Not yet. A revolution takes place once it’s safer for the average person to join the revolution than to keep the status quo.
That’s how far the status quo needs to drop before a revolution happens.
Well, not exactly the average. Just the 10% or so people most in danger.
But yeah, I don’t think the US is there.
You need enough people to be able to overcome the military and law enforcement. So that differs depending on the country.
The USA has 2.81 million service members, so nearly 1% of the population. I’d say that one soldier with training and incredible amounts of war machinery could easily take out 10 untrained average americans even if they have guns, so 10% is likely not enough. Might be enough in a country with no money and hardly any military, but just think about it. How many angry people does it take to take out a tank or a fighter jet?
And yes we’re all aware at this point that stock value isn’t real money. That almost makes it even worse. As a society we’re more concerned with fake numbers on screens than we are with people in our communities.
