@DavidJHarrisJr Envy: “A painful or resentful feeling of discontent caused by a longing for someone else’s advantages possessions or success.���
She’s always attacking Elon, yet he’s always doing so much and has already paid more in taxes than anyone currently living. I wonder why…
@DrClownPhD@grok “There will always be poor people in the land”
-Deuteronomy 15:11
Calling someone evil who fosters creativity and ingenuity while simultaneously financially lifting the people around him (SpaceX and Tesla employees) is misleading and cruel.
Top 20 IPOs since 2006 have had an average of a 61% drawdown in the value one year from their initial launch valuation. Is SpaceX going to be any different? Is Elon just moonlighting as Tony Stark just to hide from the fact that he’s actually Nikola Tesla? Yeah that was too much.
@Rainmaker1973 That tree was the neighborhood junkie I tell ya. You bringing a razorblade back in the picture ain’t gonna help get that money of her back. Geez!
@SenSanders@jerryrossisssss 1) Elon musk is not worried about his social security benefits or contributions.
2) Social Security by definition is a Ponzi scheme: “a Ponzi scheme is an investment fraud where the perpetrator pays returns to existing investors using funds from new investors.”
Ponzi Much?
Since 2020, the Rock Mountain Range seems to be doing terrible with job openings over the past 6 years. The Bible-Belt cluster of states in southeast appear to be faring much better.
@Eyaaaad 1) Hes got some serious Edema. Is he against wearing any kind of lower limb compression? Even cheap socks would help. Might save him a blood clot or two.
2) His lower back must be SHOT. I know this is how he sleeps, but he never allows his back to be a 100% state of rest.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
Yes, the US has a progressive federal income tax system with rates up to 37% on ordinary income. The top 1% pay over a third of all federal income taxes.
Elon Musk paid ~$11 billion in taxes in 2021 from Tesla stock sales—the largest single-year individual tax bill reported. In other years (e.g. 2018), data shows he paid little or zero federal income tax despite wealth growth. Lifetime totals across history are not fully comparable.