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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by qwertygnu on Thursday April 14, 2022 @11:55AM (#31028660)
And I can't believe people unironically defend multi-billionaires.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by oceanplexian on Thursday April 14, 2022 @01:05PM (#31029831)
I have pretty much zero problem with someone like Musk being a Billionare.

Most billionaires made their money in finance or via generational wealth. Seeing a scrappy immigrant (Even with a $200k business loan) go from practically nothing to the richest man in the world, while doing things that actually have a positive impact on society is pretty much the epitome of the American Dream.

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by indiv0 on Thursday April 14, 2022 @01:52PM (#31030585)
"Scrappy immigrant" whose father was a half-owner of an emerald mine in Zambia. I can't think of a more on-the-nose example of the evils of generational wealth.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by inglor_cz on Thursday April 14, 2022 @02:50PM (#31031515)
So what was Musk's net worth when he was twenty?

Probably less than 0,1 per cent of his net worth today. Possibly less than 0,01 per cent.

Multiplying your net worth by a factor of several thousand is fairly rare, regardless of the circumstances you start in. Most people can't do it, even if they start reasonably well off. For example, Musk's own brother Kimbal couldn't.

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by riversflow on Thursday April 14, 2022 @03:35PM (#31032196)
> Multiplying your net worth by a factor of several thousand is fairly rare, regardless of the circumstances you start in

lol. No it isn't, maybe if you are born wealthy, but plenty of people have a negative net worth at 20 (no savings yet and student/car loans) and are home owners by 40.

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by inglor_cz on Thursday April 14, 2022 @04:02PM (#31032517)
Fair enough. But you are basically agreeing with me that those with non-trivial positive net worth in their youth will find multiplying it by several thousand times harder.

And we should rule out massive inheritance to be fair, too. That can cause sudden large jumps in net worth.

A person having 10 000 USD in their youth (far from wealthy, just not poor) would need to aggregate something like 50 million USD in their fifties. Possible, but rare.

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by MisterBastahrd on Thursday April 14, 2022 @04:31PM (#31032881)
Musk made his money from a combination of generational wealth and government handouts.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by kurisufag on Thursday April 14, 2022 @01:16PM (#31030003)
Your phrasing here is odd -- is it a moral wrong to have lots of money? Does having lots of money change the amount someone should be defended on arbitrary issues?
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by qwertygnu on Thursday April 14, 2022 @07:36PM (#31034881)
In the context of our society and with "lots" meaning billions - yes it is immoral. I'm sure we've all seen a number of graphics/chats/whatever trying to show wealth inequality, but this is the best one I've come across. Would recommend giving it a look and then asking yourself if having a lot of money isn't immoral.

https://mkorostoff.github.io/1-pixel-wealth/

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by tasubotadas on Thursday April 14, 2022 @12:12PM (#31028918)
Because billionaires are the same people with the same rights like the other people.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by MisterBastahrd on Thursday April 14, 2022 @04:32PM (#31032900)
That has no parallel to reality.

At all.

None.

Billionaires have far more rights than normal people. Their wealth affords those rights to them. "Rights" without ability to achieve actual results is just bullshit meant to placate the rabble.

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by philosopher1234 on Thursday April 14, 2022 @03:41PM (#31032276)
What does it mean to talk about rights? Who cares if I have the “right” to buy twitter and change the way the entire world talks to each other when I have no earthly chance of ever doing it?

Let’s talk about reality, not possibility.