Student: “So Elon Musk is a trillionaire?”Me: “Yup.”Student: “How did he get that much money?”Me: “Well, he doesn’t really have a trillion dollars cash.
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Student: “So Elon Musk is a trillionaire?”
Me: “Yup.”
Student: “How did he get that much money?”
Me: “Well, he doesn’t really have a trillion dollars cash. He just owns a lot of stock in companies that are valued at a trillion dollars.”
Student: “So those companies make huge profits?”
Me: “Oh gosh no. They all lose billions of dollars a year. All of them. Huge losses.”The Economist headline: “Gen Z Mysteriously Hates Capitalism and No One Can Figure Out Why.”
@nswigger We have discovered capitalism's final boss.
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J jwcph@helvede.net shared this topic
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Student: “So Elon Musk is a trillionaire?”
Me: “Yup.”
Student: “How did he get that much money?”
Me: “Well, he doesn’t really have a trillion dollars cash. He just owns a lot of stock in companies that are valued at a trillion dollars.”
Student: “So those companies make huge profits?”
Me: “Oh gosh no. They all lose billions of dollars a year. All of them. Huge losses.”The Economist headline: “Gen Z Mysteriously Hates Capitalism and No One Can Figure Out Why.”
@nswigger You are a hit on Bluesky too
https://bsky.app/profile/adolfont.github.io/post/3mnrjdoe6oc2t -
@nswigger You are a hit on Bluesky too
https://bsky.app/profile/adolfont.github.io/post/3mnrjdoe6oc2t@adolfoneto yay?
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Student: “So Elon Musk is a trillionaire?”
Me: “Yup.”
Student: “How did he get that much money?”
Me: “Well, he doesn’t really have a trillion dollars cash. He just owns a lot of stock in companies that are valued at a trillion dollars.”
Student: “So those companies make huge profits?”
Me: “Oh gosh no. They all lose billions of dollars a year. All of them. Huge losses.”The Economist headline: “Gen Z Mysteriously Hates Capitalism and No One Can Figure Out Why.”
@nswigger i can't even think about how many people a trillionaire had to hurt to attain that much capital mass.
if he's the person that supplants a government and not one of the altruism club creeps i really gotta stop underestimating the man.
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@nswigger The key is that Elon can use the fake "wealth" to get extreme low interest loans to fund his scams.
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B bogwitch@social.data.coop shared this topic
