I’m curious about the meaning behind your illustration. If I accept your position that billionaires shouldn’t exist, how do we incentivize people who work as hard as he does to innovate at the level he does.
Musk was given goals to achieve, and rewards if he achieved those goals. Those rewards came in the form of stock before that stock had much value and before Musk’s net worth was what it is today.
It is/and was not billionaires or other wealthy individuals who decided the value of Tesla’s stock, it was me and you.
I bought Tesla’s stock when it was $35 per share (when Musk wasn’t even the 100th richest man in the world), and so did millions of other people (regular investors) who believed in what Musk was trying to achieve.
It is regular everyday non-millionaire people like me and others who have driven the Tesla stock price up so high that the value of Musk’s stock holdings have reached what it is now.
All Musk did was work hard. All the Tesla board did was give Musk the opportunity to gain those rewards by using his smarts, being innovative, and attaining the goal of building the worlds first affordable mass market electric cars.
With that, what has Musk done so wrong to justify the backlash he receives?
Or is there more meaning and nuance to your “Billionaires should not exist” statement?
Nobody knew Musk would be the wealthiest man in the world 10 years ago. If being the wealthiest man in the world is the problem, then is this also a problem of government? Should government not allow that kind of wealth? Should government tax someone so much that even though their net worth is $1 billion or more, their maximum personal salary or worth should be no more than--let’s say--$500 million.
And if governments controlled an individuals net worth, where would the rest of the money go? Do you trust power hungry U.S government leadership that spends 49% of American’s taxes on military,
to do the right thing with that money?
I don’t.
With that, how do you propose we fix this problem because it isn’t a simple one?
The keyword being earned.
I’m curious about the meaning behind your illustration. If I accept your position that billionaires shouldn’t exist, how do we incentivize people who work as hard as he does to innovate at the level he does.
Musk was given goals to achieve, and rewards if he achieved those goals. Those rewards came in the form of stock before that stock had much value and before Musk’s net worth was what it is today.
It is/and was not billionaires or other wealthy individuals who decided the value of Tesla’s stock, it was me and you.
I bought Tesla’s stock when it was $35 per share (when Musk wasn’t even the 100th richest man in the world), and so did millions of other people (regular investors) who believed in what Musk was trying to achieve.
It is regular everyday non-millionaire people like me and others who have driven the Tesla stock price up so high that the value of Musk’s stock holdings have reached what it is now.
All Musk did was work hard. All the Tesla board did was give Musk the opportunity to gain those rewards by using his smarts, being innovative, and attaining the goal of building the worlds first affordable mass market electric cars.
With that, what has Musk done so wrong to justify the backlash he receives?
Or is there more meaning and nuance to your “Billionaires should not exist” statement?
Nobody knew Musk would be the wealthiest man in the world 10 years ago. If being the wealthiest man in the world is the problem, then is this also a problem of government? Should government not allow that kind of wealth? Should government tax someone so much that even though their net worth is $1 billion or more, their maximum personal salary or worth should be no more than--let’s say--$500 million.
And if governments controlled an individuals net worth, where would the rest of the money go? Do you trust power hungry U.S government leadership that spends 49% of American’s taxes on military,
to do the right thing with that money?
I don’t.
With that, how do you propose we fix this problem because it isn’t a simple one?