I wrote something similar. I agree. He could be doing so many good things, like all the other top billionaires. They would still make money, just not as much. This is a disease. In this kind of world, to be able to sleep at night while children die of starvation daily, while at the same time growing your own wealth by a degree of billions, is lunacy.
This is a guy that paid $11,000,000,000 tax in 2021 alone and you're not happy with that, nor that he uses the actual money he gets to keep on investing in sending humans and commercial payloads into space, providing fast low latency internet to the entire world just for fun, revolutionising electric cars and all kinds of other stuff
Honestly, the disease is people looking at that and thinking 'we need to milk more out of him' rather than 'maybe I could do something myself'
And the disease is called "hoarding." At least that's what we call it with literally anything other than money.
Yeah but the dude is constantly reinvesting his monies into new things, new inventions and new companies, and many of those things end up doing extremely well, like Tesla and SpaceX, which directly contribute to his wealth as a return on those investments. That isn't exactly just simply hoarding money.
And the disease is called "hoarding." At least that's what we call it with literally anything other than money.
Yeah but the dude is constantly reinvesting his monies into new things, new inventions and new companies, and many of those things end up doing extremely well, like Tesla and SpaceX, which directly contribute to his wealth as a return on those investments. That isn't exactly just simply hoarding money.
It is though. His company reinvests money, not him.
Wrong. Both the companies he is affiliated with and Musk himself reinvests their money. Musk bought Twitter primarily from monies earned by selling stock he owned. That's a direct example of him reinvesting his own money.
This is a guy who promised to donate half that amount to "solve world hunger," and then reneged on that promise.
So what? People are free to change their mind, Musk included. I encourage others to consider changing their mind from time to time as well.
And the disease is called "hoarding." At least that's what we call it with literally anything other than money.
Yeah but the dude is constantly reinvesting his monies into new things, new inventions and new companies, and many of those things end up doing extremely well, like Tesla and SpaceX, which directly contribute to his wealth as a return on those investments. That isn't exactly just simply hoarding money.
You think that "buying things from other people" is the same as "reinvesting"?
Yes. Buying a publicly traded company through stock is indeed an investment, and using monies earned from stock previously bought or owned from other companies is indeed reinvesting that money.
Interesting take. I've never seen that one before.
Musk invests and reinvests his monies all the time into various companies through stock and otherwise. His purchase of Twitter is a de-facto example of such investment. His companies also invest and reinvest their monies into their own company, through stock buybacks as an example, but also purchase of stock and investments in various other companies.
Pretty much all companies do this, especially publicly traded ones.
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u/sedativumxnx 7h ago
I wrote something similar. I agree. He could be doing so many good things, like all the other top billionaires. They would still make money, just not as much. This is a disease. In this kind of world, to be able to sleep at night while children die of starvation daily, while at the same time growing your own wealth by a degree of billions, is lunacy.