It’s hilarious how Musk is the wealthiest with multiple businesses that are actively failing and cannot make a solid case for their valuation without going into fantasy scenarios.
this post was submitted on 22 Jun 2026
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Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it
But he can take out massive loans on that valuation.
And that money can be used however he wants.
Also, the recent IPO was him collecting money from a lot of people, and since he got exempted into a few indexes, people's retirement money is now tied to Musky scams.
This means that if Musky does decide to cash out and crash the economy, he'll have an instant bailout.
I think he only cares about this half-imaginary number being big as possible. He tried the politics/power thing for a bit but I feel it's clear that wasn't for him. He doesn't want to be on stage and talked about, those are just consequences of his real want. Everyone else that are even remotely close to him in that use way more to bribe, control and change things for their views.
people's retirement money is now tied to Musky scams.
Now where have I seen this before...? Gosh, if only history had some warnings...
Be careful though, suggesting that Starship might never fly, or Full Self Driving might never drive, or that data centers in orbit are unlikely to scale is dangerous on the Internet.
Starship flying means nothing when nobody is using Grok which wastes more money than Starship capsule make.
Full self driving is only 1 decade late. Tesla is already behind technologically and their quality is still pathetic.
Data centers in orbit will be orders of magnitude more expensive and complex than data centers on earth. Data centers on earth are having tons of trouble being built because the costs and materials needed are extreme.
Also, Elon Musk is a Nazi that really wanted to be invited to the Epstein pedophile parties.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
So now Musk is richer than the next four richest combined?
I think this is getting a little out of control.
He makes about $150,000,000 a day, passively from his assets.
Wealth tax now.
Fucking nauseating
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The one percenters of the one percenters just got one percented.
(Actually it’s even worse than that I think.)
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The five wealthiest people who show up on the lists.
All billionaires should be stripped of their wealth over 999 million and given to the rest of the world
$999m is still an obscene amount of money, and they'd just start finding ways to amass it again
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They will stop once we have eaten a few of them.
They will not.
Then, we will say "we have not eaten enough of you and we are still very hungry caterpillars."
If you can still speak to them, they will not stop.
If we all just collectively decided to eat the top one every week, the problem would just sort itself out after a month or so.
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They will be stopped by Democratic process (lol) or by an undemocratic one.
For now they still have the power of choice. I wonder how much longer that will be true.
It’s ridiculous that they could give away $1bn/yr in charity projects and they’d still be billionaires when they’ll finally die
Not really because this isn't real money. Especially in Elons case it's all in pumped up stocks that he could never sell without crashing the price. Not that this is making anything better and the current stock market is just another symptom of the death spiral we are currently in.
I love how Musks conpanies keep losing money yet somehow the stupid fake value just keeps growing.
I hate speculative capitalism so much
Not unless we stop them.
How? I don't see them stopping until the supply lines collapse.
You don't see Brian Thompson making any more money for United Health, do you?
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It's going to continue to accelerate to a kind of feudalism where they own everything. Democracy or even capitalism itself can't survive this.
Capitalism is this. This was always the logical conclusion when wealth and success were so intrinsically linked.
lmao glad someone said it.
here's hoping capitalism doesn't survive this.
It is called capitalism because those with the most capital get to make all the decisions
This is a disaster awaiting to happen. We should prepare our communities for when SHTF
Yup. Ben Norton did a good piece on this topic a few days ago.
https://www.youtube.com/watch?v=Dj-hd3l4dSo
The graph (iirc about half way through maybe), with his added coloured blocks for the different eras lends some superb clarity to what's going on, the political philosophy shifting phases of accelerated worsening, and how bad it is, as in how much worse it is contrast to the worst time in history...
What we have now, makes the guilded age look like some kind of egalitarian paradi~~ well, maybe not paradise, but more egalitarian... much less egregious than would have been seen in the keynesian phase. How little they knew, of how much worse it could get, and was going to get. Pesky marketing, in rebranding same old corporate fascism as "neo-liberalism". Many likely not bothering with the term neo-feudalism, preferring the delusion there's anything "liberal" still going on. As if that limp thing were even enough to do any more than pretence on slowing down the consolidation of wealth and power even if it were what it's best definitions and ideals pronounce.
So did Musk win? Is he done now?
There is no greater indictment on capitalism than having its biggest winner be the world's most embarrassing man.
At least in fiction the richest person is interesting. They may be a monster, but they are usually smart or ruthless or something...
We get a Ketamine Soaked Edgelord of Embarrassment...
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