This is why I say money isn’t real after the first billion.
There’s no way he “made” $650 Billion in one year. These are just inflated valuations in my opinion. All he has to do is make promises to lead the Mars race and the SpaceX stocks shoot up—he does the same thing for his other companies.
If you see how much his companies are making vs their valuations—the difference is mind-blowing 😂
He just knows how to persuade the right people. He was able to back it up if you look at Tesla’s growth in the electric car industry as well as the SpaceX rockets he launched. If he was able to deliver in the past, he can make any future claim and the valuations will shoot up again.
His net worth will reach $2 Trillion within 2-3 years from now. Does that mean he “made” another trillion? Probably not. It just means that he’s convinced enough people about his vision.
Taxing "wealth" and not just income will NOT just impact the billionaires your favorite politician tells you to hate. If you open the door to taxing unrealized gains, it changes the game for anyone who owns assets forever. The government is not a subscription service provider.
@JoeGoodberry Now we just have to hope for a bit of luck to bounce our way and avoid 4th quarter turn overs on non turnover worthy plays like the bills game 😂 happened in 2024 some too.
The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did.
And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves.
One Hundred Fifty Million Americans. About 60% of adults.
Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life.
If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever.
Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen.
Alternatively
There are ways to improve healthcare access and eventually make it available to all.
To start -
If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers.
It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail)
Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability.
Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up
But
They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks
Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.
@DarthNoobSaibot I get it for sure. My commander is one of those types. But he gives it a ton of effort and it goes a long way. First commander I've ever had with that personality type, and he's actually the best leader I've ever had because of how deliberately he has to do it.
@Fresc0D1gital@NoLimitGains Income and wealth are not the same thing. You don't know what you're talking about. He doesn't have 1 trillion in cash or a bank account. It's what his companies and its assets are ASSUMED to be worth based on market valuation. You're dumb.
Wealth meaning "value" of owned assets does not equal normal people earned income. They're not the same thing, at all. Disingenuous political posturing. We don't have a tax revenue problem, we have a massive spending problem.
Elon Musk just became the world's first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth.
We need a wealth tax.
@Fresc0D1gital@NoLimitGains Elon pays the largest tax bills in the history of our nation, and his companies employ additional tax payers. No one in the United States pays income tax on unrealized gains (except property taxes). But growing net worth is not taxable income for anyone. It's not a loophole.
@AndrewBrandt Mahomes already had his deal reworked in 2023 to take cash from later years in his deal and move it forward to pay him a 4 year cash flow from 2023-2026 that beat the 4 year cash flow of all the QBs that signed in 2023. His deal was always going to get new cash in 2026
@AlbertBreer Pats cash flow was reworked in 2023 to put him back at the top of the market after Herbert, hurts, Lamar, and Joe all signed. But since they robbed later years to pay 2023-2026 it wasn't "new money AAV". he's never been on a discount. This new deal happening in 26 proves it.
And that's all fine! He deserves it. And he owes it to all other QBs negotiating their own contracts to keep pushing the market forward so he never becomes a data point for teams to ask players to take team friendly deals or discounts. But media and fans should be honest about it
All of the talk the last few years about how Mahomes was giving the chiefs a discount was stupid. His 4 year cash flow was greatly reworked in 2023 once all of the 2020 QBs signed their deals keeping Mahomes the highest paid QB in real cash. But it wasn't "new money".
The new money on Patrick Mahomes’ deal is worth $239.05 million, with the total value now at $504.75 million from 2026-33, with the first four years being guaranteed at signing. All $504.75 million becomes guaranteed through contract mechanisms.
Mahomes can earn up to $522.25 through incentives and escalators. Beginning in 2027, when the new money begins, the deal averages $64M per year, setting a new NFL record for average annual value.
He's never been on a discount, and has always been paid at or near the top of the league. Any salary cap gymnastics has been just that, salary cap gymnastics.
More government officials said in broad daylight in the steps of the nations capital that aliens and alien technology are real, and our government is hiding it from us, and the Bengals restructured Joe Burrows contract to create salary cap space. Not sure which is more crazy.
Some people still don't understand the Ty Simpson pick.
The Rams have built a juggernaut of a team. Drafting another wide receiver, especially a slot -only player like Makai Lemon, is not really moving the needle. Besides - I'd much rather just sign Tyreek Hill as their WR3.
The one and only weakness of the Rams is that Matt Stafford is very old. He looked a lot worse at the end of last season, and he has notorious back issues. If he gets hurt or his game blows to help the Rams are far.
Or, at least, that's what we would be saying if they hadn't drafted the best quarterback in the draft a couple months ago.
If Matt Stafford goes down, Simpson isn't quite as good, but he's better than about 20 other starting quarterbacks in the league.
No matter what happens this year, the Rams will have a stacked roster, a good coach, at a top 10 quarterback. That's why you draft Simpson.
And if Stafford plays well, and stays healthy, and rides off into the sunset with a Lombardi in his hands, no one cares that you didn't have one more wide receiver.
And and even though you traded your first round pick, you already have the quarterback of the future on your roster, knowing the offense, knowing the team.
They're winning in four different dimensions.
Crazy how much injuries actually matter in the NFL.
Using FTN Fantasy's AGL as a measure of how injured a team was, of the last 12 teams who have played in a Super Bowl:
- All 12 ranked in the top half of AGL
- 9 of 12 ranked in the TOP 6, including all 6 SB winners.