It’s likely that we have a period of heavier authoritarian styles of governance to look forward to over the next decade, as governments attempt to react to the economic calamities that they themselves created.
No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
@LibDems@libdemdaisy Windfall profits. Possibly the most myopic 'solution' to energy prices ever conceived. You are either a) more stupid than can be conceived, or b) know this is no long term solution and are reducing yourself to stupid soundbites. I bet it's both
The next war won't be won by armies, navies or air forces alone.
It'll be won by the country whose 19 year olds can code, whose factories can build drones in weeks not years, and whose grid stays on when someone tries to switch it off.
Industry. Society. Economy. That's the fight now.
We're not ready. And we're not being honest about what getting ready will cost.
@AaronBastani Because it would be circa 4 years between £100m being the threshold and £500k being the new threshold. As is the case with all other taxes.
Not a bad idea in theory, if it came with a 50 year binding guarantee that it remained that threshold and went up in line with inflation.
@hale_shale What if their findings say we need to vastly reduce tax, regulations and the size of the government? Or is the conclusion already writhing certain parameters?
@DaleVince You know how you really hate people who don't listen to the countless studies on climate change?
Shouldn't you be applying the same intellectual and moral approach with regard to rent controls?
@AaronBastani Why is this bad, Aaron? I like a lot of your takes, despite me not being on the left of a lot things, so I'm genuinely interesting in why you think this is bad?
@AaronBastani But he also wants to follow the advice of Stephanie Kelton, thus he'll greatly amplify all of the shittery our society has endured due to broken fiat and terrible monetary systems.
@ZynxBTC I passed on SWC, deleted from watchlist, then got a very humbling shock a few ago... what a fool.
Deploying capital next week and I fear I will now be chasing.
Vinanz or AMOI look like the next ones in the limelight.
Thoughts from wiser minds than I? 🇬🇧