Elon Musk Becomes First Person Ever to Lose $200B
bloomberg.com
Elon Musk Becomes First Person Ever to Lose $200B
1–10 of 25 posts
Re: Elon Musk Becomes First Person Ever to Lose $200B
#2Hence the old joke that goes:
Q: How does one become a millionaire?
A: Start as a billionaire and buy Twitter
Re: Elon Musk Becomes First Person Ever to Lose $200B
#3It's shows just how pointless it is to have this much money and only bad things come from it.
Tax anything above 1 billion at 100%. If that isn't realized gains do not allow them to borrow against it. No loop holes.
The US and others managed to set a global minimum coorperate tax so this is doable.
Re: Elon Musk Becomes First Person Ever to Lose $200B
#4Paywalled
Re: Elon Musk Becomes First Person Ever to Lose $200B
#5Hence the old joke that goes: Q: How does one become a millionaire? A: Start as a billionaire and buy Twitter
USD 200B handily (even inflation adjusted) beats the Hunt Brothers: https://en.wikipedia.org/wiki/Silver_Thursday
Re: Elon Musk Becomes First Person Ever to Lose $200B
#6Re: Elon Musk Becomes First Person Ever to Lose $200B
#7Paywalled
Re: Elon Musk Becomes First Person Ever to Lose $200B
#8Just $137 billion more to go
Re: Elon Musk Becomes First Person Ever to Lose $200B
#9It's shows just how pointless it is to have this much money and only bad things come from it. Tax anything above 1 billion at 100%. If that isn't realized gains do not allow them to borrow against it. No loop holes. The US and others managed to set a global minimum coorperate tax so this is doable.
Do you really think he has that much liquid cash, and he physically lost $200 billion?
Re: Elon Musk Becomes First Person Ever to Lose $200B
#10Another example of the error of conflating the purported value of some pieces of paper with real money. It's not like Elon had $200B sitting in a safe and one day it was all gone. That would be a "real loss".
Our capitalist system is more like a visiting a casino. No matter how many chips you win or lose at the tables. The only result that matters is how much money you walk out with.