He could though. But doesn't. Because he's a prick.monkey wrote:He's done a lot of reorganising recently so it may have changed now, but a couple of years ago, over 99% of his wealth was stocks in Tesla and SpaceX. So all the "he should do this with his money" stuff isn't really possible. The only thing he can really do with all that bullshit wealth is leverage it against more bullshit.
GurtTractor wrote:Out of curiosity if a billionaire like Musk did want to do something like help fund education on a massive scale, how could they effectively achieve that? There must be some way presumably? I'm not very clued up on these kinds of economic actions.
mannaboy wrote:My main reasons for posting in this thread is to counter the lazy throwaway lines on Musk. You don’t believe he donates to education already or charities. It doesn’t take much digging to find out.
https://www.cnn.com/2022/02/15/business/elon-musk-charity-donation/index.html
Queue the tax break responses.
I never understand billionaire defenders.mannaboy wrote:My main reasons for posting in this thread is to counter the lazy throwaway lines on Musk. You don’t believe he donates to education already or charities. It doesn’t take much digging to find out. https://www.cnn.com/2022/02/15/business/elon-musk-charity-donation/index.html Queue the tax break responses.
Bezos, for instance, funds his Space Penises by selling Amazon stock. But that's like a couple of billion bucks a year. It would be very hard for any of these ubercunts to substantially liquidate their holdings without it potentially crashing the price as they were doing it. And they have to find people to buy it all. At the same time as these 'visionary leaders' are cashing out.GurtTractor wrote:Out of curiosity if a billionaire like Musk did want to do something like help fund education on a massive scale, how could they effectively achieve that? There must be some way presumably? I'm not very clued up on these kinds of economic actions.
Diluted Dante wrote:Why do you feel the need to defend him at all though?
monkey wrote:If it's Billionaire Wars, then I've got to go with Steve Ballmer.
Armitage_Shankburn wrote:He doesn't have the dosh to do that as Griff explained and only the state can use the mechanism of leveraging to do that, and he and his libertarian mates don't want a state to do that. The man's a fucking buffoon
Escape wrote:Had the power to select his own wares, yes.
monkey wrote:Bezos, for instance, funds his Space Penises by selling Amazon stock. But that's like a couple of billion bucks a year. It would be very hard for any of these ubercunts to substantially liquidate their holdings without it potentially crashing the price as they were doing it. And they have to find people to buy it all. At the same time as their 'visionary leaders' are cashing out. There's probably plenty of ways of doing it but cashing it all in quickly isn't straightforward.
monkey wrote:Even in Escape’s Corbyn-led socialist utopia, you still need managers who can get shit done.
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