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.
Here’s why having a rational conversation doesn’t work in CA
CA uses 1.5-1.7 mil barrels of oil a day. CA produces 400k yet has more than enough to be self reliant. Instead CA buys from Iraq and other countries to supply the need. It costs more, is dirtier and burns more pollutants in the air, needs to be shipped around the world in cargo ships that pollutes the air and has a possibility to spill more oil exponentially into the oceans then the pipeline with safety valves which far exceeds the requirements (SOC Sable offshore). This is a case of idiots wanting what “sounds” good rather than is good for the environment. The govt needs to see the big picture and do what’s best for the state and country and stand up to this incompetence, however the CCC (CA coastal commission) is made up of said idiots 🤦♂️🤷♂️
Another reminder -- using @CrumpledJumper's excellent chart -- that the steepness of your draft curve depends on your outcome metric:
- Curve for stars is near exponential decay
- Curve for bench is less steep
- Curve for "gets some playing time" is nearly a horizontal line
The question everyone is asking me: How do I watch Finding the Money documentary?
Answer: watch from home wherever you rent or buy movies — AppleTV (iTunes), Amazon (up at some point), YouTube, GooglePlay, Xbox, Vudu (Fandango At Home), Xfinity, Comcast, or DirectTV.
FINDING THE MONEY opens today! Maren Poitras's fascinating finance doc explores the nature of money and national debt, following an underdog group of economists led by former Chief Economist to the Senate Budget Committee, Stephanie Kelton. Q&As 5/3 & 5/4! https://t.co/06AFoj6ZEM
This game would've broken our luck dashboard.
Chargers missed a game tying field goal with 20 seconds left
Five fumbles hit the turf - four in the second half - and New England recovered all five
Republicans are committing political suicide after seeing the ‘Red Wave’ turn into a ‘Red Ripple’ post Roe v Wade. 15 weeks takes the issue off the table…but firebrands are doubling down. You want to lose women voters in 2024? Keep up the stupidity. @GOP