RetroFed
Trillionaire No More. SpaceX Collapse Loses Elon Musk $600 Billion in One Month
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Can this motherfucker just fucking disappear? I’m tired of this rich removed in every fucking news every fucking day.
ZeroHoraAfter the whole DOGE bullshit we got less news about this loser, but off course the idiot did anything to get back as the main topic.
I’m fine with him going out in an explosion of publicity too. I wish he’d get on a goddamn submarine already.
TheDemonBuerMore importantly, economies generally grow by encouraging innovation rather than limiting it.
Granted, reasonable people can disagree about Musk’s leadership style or his public statements. But creating businesses that generate jobs, technological advances, and shareholder value is ultimately how wealth is created in the first place.
Important insights (/s) from a capitalism cultist.
Let’s remind people of the reality. Find me 10000000 people to work for pennies as I take advantage of them and you too can be a billionaire. Exploitation of the working class is the rich classes only successful endeavor.
ExtremeDullardcreating businesses that generate jobs
There was some truth to this, but it’s always been mostly a fairy tale.
But if you’ve ever believed it, I have two letters for you: AI
You’ll soon find out just out devoted to creating jobs businesses really are.
You’ll soon find out just out devoted to creating jobs businesses really are.
Yeah, because jobs and innovation have only ever been produced indirectly as a result of capitalism. The point isn’t to create jobs, the point isn’t to innovate, the point is to make as much profit as possible. If capitalists can make profits without innovating or creating jobs, they’re happy to do it.
The point isn’t to create jobs, the point isn’t to innovate, the point is to make as much profit as possible.
Also, labor is what creates that profit in the first place. Capital is mixed with labor to create more capital. People like musk and all of the other oligarchs can only have their wealth as a result of exploitation of the labor of the working class.
☂️-Dude..AI will not replace jobs, that’s the bullshit Altman and Musk are selling. AI will not fix your toilet.
The guy who fixes toilets will still have a job.
The guy whose toilet is clogged, who had a job as a driver, translator, paralegal or programmer won’t though.
And you know who he’s not going to call because he doesn’t have a job anymore and he doesn’t have money? The guy who fixes toilets.
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It was all for show anyway. He got to be the first trillionaire, and his friends got to sell at the high while leaving pension managers and rubes holding the bag. Hell he probably sold a good bit himself to reinvest in some other scheme. It was a pump and dump scam facilitated by the market.
Normally, performance like that leads to the CEO getting punted.
Invest in a Fail Upwards billionaire, lose value in your investment.
Remove Elon Musk from SpaceX, watch your investment grow.
Or, let him lead the charge off planet, and the whole world benefits. 🤞🏼
It’s always been pretend wealth anyway.
Having said that, what “on paper” wealth means is that those ultrarich mofos get to borrow a lot of money from the banks, using their hypothetical wealth as very real collateral, to live their opulent lives without ever paying taxes like the rest of us with a real job.
Ok but he netted nearly $90 billion. By comparison, if he gifted that to a random American, they’d be the 16th wealthiest person in the US.
I guess this is news in the sense that the only thing to take from Musk is his precious trillionaire label, but his failure still made him richer by an absurd amount.
Keep up the good work. Bankrupt this damn Nazi.
Fuck bankrupting him, he needs to rot in a cell
Yeah, I’m fine with him being a billionaire in jail for life.
First and only immigrant that needs to go strait to El Salvador.
Too expensive. Think of the actual taxpayers, after all. Who really wants to shell out for his “humanity”, all the while risking enabling countless lawsuits from his bottomless funds & political leverage… 🤬
no longer a thrillionaire, how sad!