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Re:Elon Musk’s texts shatter the myth of the tech genius by behaveEc0n00 on Saturday October 01, 2022 @11:56AM (#33047522)
Good point. Why enrich them beyond other human beings? One of billions is a much more reasonable view of who they are.
Re:Elon Musk’s texts shatter the myth of the tech genius by previnder on Sunday October 02, 2022 @06:56AM (#33054814)
Almost all of these billionaires' net worth is in stocks; that is, in their (part) ownership of companies. Redistributing their wealth is the same as taking ownership of their companies away from them. In that direction lies the Soviet Union.
Re:Elon Musk’s texts shatter the myth of the tech genius by behaveEc0n00 on Sunday October 02, 2022 @03:51PM (#33059523)
So we could let them keep their stocks and not trade them for dollars; they own 100% of their company and the public is no longer obliged to acknowledge outsiders have ephemeral value beyond their direct contribution to society.

Demanding we believe in ephemeral property is spoken tradition not an immutable truth of reality. I am not saying we have to redistribute their wealth; I’m saying we stop idolizing wealth. Especially when tax policy and direct cash infusions from government is keeping these guys afloat. It’s not free market trade. Look at their tune change as soon as free money is shut off with interest rate changes; it’s not them it’s political policy. They’re not actually rich.

Re:Elon Musk’s texts shatter the myth of the tech genius by sn0w_crash on Saturday October 01, 2022 @12:12PM (#33047663)
Because they’ve created immense value, jobs, and progress from which other human beings have benefited and will continue to benefit for years to come. Not sure why this is so hard to understand.
Re:Elon Musk’s texts shatter the myth of the tech genius by behaveEc0n00 on Saturday October 01, 2022 @12:42PM (#33047925)
So “think of the greater good” hokum?

You have the spoken traditions memorized, that’s for sure.

Re:Elon Musk’s texts shatter the myth of the tech genius by sn0w_crash on Saturday October 01, 2022 @02:04PM (#33048562)
I don’t even know what that means.

These people have delivered immense value on multiple levels. Removing the incentive for doing so would be discourage others. I would like to see more Teslas, more founders, and more progress - not less.

If their output does not improve the lives of others and society around them, then it’s certainly an issue. Otherwise I’m not concerned with their wealth and would be happy to see it grow as a biproduct of their continue effort.