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"...and taxed by, PayPal..." PayPal (really X.com) was founded based on: "17% of the world's economy is lost to the financial industry. Wtf, they are just num
by greysphere 10y ago
"...and taxed by, PayPal..."
PayPal (really X.com) was founded based on: "17% of the world's economy is lost to the financial industry. Wtf, they are just numbers in a database, can't we do better?"
I dunno what the percent is now, or whether PayPal decreased it significantly (or increased it even), but the difference is Elon's ability to look at problems, reduce them to fundamentals, decide if they can be improved upon or not, then working toward moving reality in that direction.
So, if the 'PayPal tax' is unacceptable to you, the "visionary" thing to do would be, figure out what the root causes of that tax are, figure out why they are unnecessary and how much correcting them will move the needle. Any significant progress in this area would be worth well more than a billion dollars, and you'd have no problem raising that capital. Make it happen!