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> If you don't understand that yet, you shouldn't be commenting. So you mean they're paper billionaires by "owning the means of production" Yeah. I know. :)
by aaomidi 5y ago
> If you don't understand that yet, you shouldn't be commenting.
So you mean they're paper billionaires by "owning the means of production" Yeah. I know. :)
- deleted 5y ago[deleted]
- robertlagrant 5y ago> So you mean they're paper billionaires by "owning the means of production" Yeah. I know. :) I don't know how you could misread this badly. A paper billionaire means that they don't have billions in the bank; it's just the sale price of the last share that was traded in their company multiplied by the number of shares they own. It's not real, and any attempt to confiscate shares will not result in real money being given to anyone else. Shares are only worth real money when they're sold, and no one will buy shares in a confiscation world.
- viro 5y agoDo you think Tesla made anything near $113 billion last year?... not even close ... Paper billionaire means they are only a billionaire because of stock they own. Tesla stock value is detached from the reality of the company and its assets. Who did Elon exploit to make "chad the mega Elon tech bro" buy Tesla stock as a meme and in turn make the stock value go up?
- aaomidi 5y agoSo, why aren't the workers seeing that amount, or anything near it, in their "paper wealth" go up?
- robertlagrant 5y ago> So, why aren't the workers seeing that amount, or anything near it, in their "paper wealth" go up? Can you explain? If they have options, and they probably do, then it will go up. What is your question based on?
- viro 5y agoBecause it has nothing to do with the company and what it produces. And also they do all get stock options. So the irrational value of the stock does benefit them.
- thegrimmest 5y agobecause, being mostly replaceable, they are not in a strong negotiating position to do so?