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Joined 1 year ago
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Cake day: July 6th, 2023

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  • This assumes all other things are equal.

    Elon musk and Donald Trump and others are not stupid. They may act stupid. Their brains may be psychologically damaged by the distance their money allows them to put between themselves, others, and the consequences of their actions.

    But they are not stupid. If they were stupid, their stupidity would sometimes bite them in the ass in a way that actually has consequences for them. Since that does not happen, we can be relatively certain that their actions are going according to plan…their plan? Maybe. Or their accountant’s plan. But until a mistake costs them actual money that they cannot recoup through tax shenanigans, I find it hard to accept that they aren’t just evil.


  • This. He’s on the hook for a relatively small percent of his personal wealth. He has a ton of government contracts, which equate to cash flow. To insulate that cash flow, he needs a loss. He can get that loss by destroying the value of Twitter, which he also artificially inflated by making an insane offer in the first place.

    The thing that folks don’t get is that money is different when you have none, some, and a ton. When you have none, you are effectively living moment to moment - when youre out, you spend what you have on your immediate needs, and make it work the rest of the time.

    When you have some, which is most of us, you may live paycheck to paycheck, but you can still plan two weeks at a time and may have some long term plans.

    Elon musk and others in his bracket could literally burn 99% of their wealth and still have more money than almost anyone else. This level of rich is marked by planning years in advance, and having contingency plans to take advantage of set backs. For example, a market crash for most of us means we lose wealth and still probably never recover it. But for Elon musk, a market crash is just a fire sale on stock. He can sell at a loss for tax benefit, or he can buy up stuff at step discounts. The benefit of wealth is that ever situation can make you more money.