5 ms·

If you were our supreme leader, how would you prevent private individuals like Musk, Bezos, etc from acquiring their wealth, given it is tied up in the value of

If you were our supreme leader, how would you prevent private individuals like Musk, Bezos, etc from acquiring their wealth, given it is tied up in the value of very useful companies they created ?

matsemann 5y ago
Perhaps by sharing that value with others in the company, thus diluting it from any one person. Like, there are tens of thousands slaving for these big companies, and a few on top reaping the rewards.
- misiti3780 5y ago
  Wait, I thought every Tesla employees has to ability to buy the stock at a discount? https://www.moneycontrol.com/news/automobile/do-tesla-employees-make-more-than-their-other-ev-industry-counterparts-7771041.html https://www.moneycontrol.com/news/automobile/do-tesla-employ... Also, your solution is now how risk/reward works. The employees starting at Tesla today are not entitled to large amounts of the company because they are coming in on a sure thing. The early employees did get a lot of stock. I personally know someone that worked for tesla in sales in 2008 who walked way from 200K shares because he thought they were worthless.
  - rcMgD2BwE72F 5y ago
    Not a Tesla employee, but I bought thousands of TSLA stocks since 2012. Why? Because I was already a spoiled child whereas my coworkers haven't inherited shit and had to pay for their education. I'm a multimillionaire, just from TSLA. Now, my wealth is mostly financial so my tax rate is coming down as I get richer because I earn far more from the stock market than from work. How stupid and unfair is this? We're always focusing on those who earn more their hard work but most people winning are just benefiting from unfair advantages. It's so obvious when this happens to you but I guess few admit that in order to keep some pride in their situation.
    - SuoDuanDao 5y ago
      but your parents (or their parents if this goes back a number of generations) already did a lot of hard work to make that possible no?
      - rcMgD2BwE72F 5y ago
        No. You can go back 600 years (!) and find that things don't change much: https://www.wsj.com/articles/the-wealthy-in-florence-today-are-the-same-families-as-600-years-ago-1463662410 https://www.wsj.com/articles/the-wealthy-in-florence-today-a...
        SuoDuanDao 5y ago
        Even in the Florence example which seems globally unique, unless you're a scion of one of these families and willing to share how they did it I see no reason to think they did it by more nefarious means than anyone else. Setting one's descendants up for greater prosperity and freedom for the next 600 years seems to me like an ideal to be imitated, and I see no good reason why anyone would feel differently. Perhaps you know of one?
    - mgfist 5y ago
      You picked the (probably?) single highest performing stock in the past 10 years. Call it luck, but it's not luck because you were born rich. What if you invested in any of the other hundreds of companies that have gone bankrupt or lost most of their value. In any case being born rich is lucky for many reasons, but not for you investing in the huge gamble that was Tesla
      - rcMgD2BwE72F 5y ago
        >Call it luck, but it's not luck because you were born rich So if I let you flip a coin, give you nothing on tails and $1 million on head, and you win, will you owe your fortune to luck, too? L'argent ne fait pas le bonheur… de ceux qui n'en ont pas ~ Boris Vian
    - 5y ago
akomtu 5y ago
No need to speculate. The US Dept. of Treasury has just created the Office of DEI and that's not an April 1st joke. Musk is simply going to get a low diversity score from that high office and prohibited, by a new statute, from owning more than 10% in a public company.
- TMWNN 5y ago
  >Musk is simply going to get a low diversity score from that high office Musk is, bona fide, 100% African American. Checkmate, atheists.
cellar_door 5y ago
Don't worry, it'd just be seized and put in control of very competent and qualified "elected" members of The Party.
Phenomenit 5y ago
Progressive taxation to hundred percent for both individuals and corporations.
- godshatter 5y ago
  Well that's one way to get them to leave the country, I guess.
- sakopov 5y ago
  That's straight up fucking stupid. 100% tax is not a tax. That's theft.
  - misiti3780 5y ago
    the OP isnt serious.
andbberger 5y ago
snap my fingers and turn all corporations into worked owned cooperatives

If you were our supreme leader, how would you prevent private individuals like Musk, Bezos, etc from acquiring their wealth, given it is tied up in the value of very useful companies they created ?

matsemann 5y ago

Perhaps by sharing that value with others in the company, thus diluting it from any one person. Like, there are tens of thousands slaving for these big companies, and a few on top reaping the rewards.

misiti3780 5y ago
Wait, I thought every Tesla employees has to ability to buy the stock at a discount? https://www.moneycontrol.com/news/automobile/do-tesla-employees-make-more-than-their-other-ev-industry-counterparts-7771041.html https://www.moneycontrol.com/news/automobile/do-tesla-employ... Also, your solution is now how risk/reward works. The employees starting at Tesla today are not entitled to large amounts of the company because they are coming in on a sure thing. The early employees did get a lot of stock. I personally know someone that worked for tesla in sales in 2008 who walked way from 200K shares because he thought they were worthless.
- rcMgD2BwE72F 5y ago
  Not a Tesla employee, but I bought thousands of TSLA stocks since 2012. Why? Because I was already a spoiled child whereas my coworkers haven't inherited shit and had to pay for their education. I'm a multimillionaire, just from TSLA. Now, my wealth is mostly financial so my tax rate is coming down as I get richer because I earn far more from the stock market than from work. How stupid and unfair is this? We're always focusing on those who earn more their hard work but most people winning are just benefiting from unfair advantages. It's so obvious when this happens to you but I guess few admit that in order to keep some pride in their situation.
  - SuoDuanDao 5y ago
    but your parents (or their parents if this goes back a number of generations) already did a lot of hard work to make that possible no?
    - rcMgD2BwE72F 5y ago
      No. You can go back 600 years (!) and find that things don't change much: https://www.wsj.com/articles/the-wealthy-in-florence-today-are-the-same-families-as-600-years-ago-1463662410 https://www.wsj.com/articles/the-wealthy-in-florence-today-a...
      - SuoDuanDao 5y ago
        Even in the Florence example which seems globally unique, unless you're a scion of one of these families and willing to share how they did it I see no reason to think they did it by more nefarious means than anyone else. Setting one's descendants up for greater prosperity and freedom for the next 600 years seems to me like an ideal to be imitated, and I see no good reason why anyone would feel differently. Perhaps you know of one?
  - mgfist 5y ago
    You picked the (probably?) single highest performing stock in the past 10 years. Call it luck, but it's not luck because you were born rich. What if you invested in any of the other hundreds of companies that have gone bankrupt or lost most of their value. In any case being born rich is lucky for many reasons, but not for you investing in the huge gamble that was Tesla
    - rcMgD2BwE72F 5y ago
      >Call it luck, but it's not luck because you were born rich So if I let you flip a coin, give you nothing on tails and $1 million on head, and you win, will you owe your fortune to luck, too? L'argent ne fait pas le bonheur… de ceux qui n'en ont pas ~ Boris Vian
  - 5y ago

akomtu 5y ago

No need to speculate. The US Dept. of Treasury has just created the Office of DEI and that's not an April 1st joke. Musk is simply going to get a low diversity score from that high office and prohibited, by a new statute, from owning more than 10% in a public company.

TMWNN 5y ago
>Musk is simply going to get a low diversity score from that high office Musk is, bona fide, 100% African American. Checkmate, atheists.

cellar_door 5y ago

Don't worry, it'd just be seized and put in control of very competent and qualified "elected" members of The Party.

Phenomenit 5y ago

Progressive taxation to hundred percent for both individuals and corporations.

godshatter 5y ago
Well that's one way to get them to leave the country, I guess.
sakopov 5y ago
That's straight up fucking stupid. 100% tax is not a tax. That's theft.
- misiti3780 5y ago
  the OP isnt serious.

andbberger 5y ago

snap my fingers and turn all corporations into worked owned cooperatives