I was at the pro-billionaire march against this tax. Here's the reason you don't want it -
1. Our society has a Code we live by. The Code says that if you make the world better by creating things for your fellow man that she values, you can sell the thing you made for a price she’s happy to pay. If you create enough value that you get very rich by doing this, then that is Honorable Wealth. You can keep it. You still pay taxes, but we recognize you did an honorable thing and won’t come after you for it.
2. This Code has led to many people pursuing Honorable Wealth rather than the old methods of Conquest, Slavery, and Theft. Because of this Code DIRECTLY, we have immense amounts of wealth. We get infinite hot water in our homes by turning a tap. We get antibiotics, and limitless music, and elastic pants. We can work forty hours a week rather than grinding our bodies to death before our 50th birthday.
3. Following this Code means that, in a global economy of 8 Billion people, some people can and will become billionaires by completely Honorable means. Yes, some will also use conquest or corruption or theft. Those people are evil and should be stopped. But in the USA, the majority of our billionaires have made their wealth by Honorable means.
4. Coming after those billionaires isn’t just bad for those billionaires. It is revoking the Code of Honorable Wealth. It is returning to Rule of the Violent, and slave economies, and grinding global poverty. Protecting the Code is incredibly important NOT because it serves some billionaires, but because it serves every single person in our society that lives above the level of a 16th century peasant.
@Rich__Wayne@drcrammd@gabriel_zucman When every shareholder gets the same amount of additional shares, there is no change in total value. 1 share at $100 splitting into 2 shares at $50 still equal $100.
Carry on with your usual occupation because giving it up and going to a cave will not help you. If you want to accomplish something spiritual, ask yourself “Who am I?” Find out who you are by finding out where this ‘I’ you think you are comes from.
https://t.co/HFotNxo0Xp
@drcrammd@gabriel_zucman There is a confusion on terms, the implication is that shareholders are being treated unequally, they are not.
Dilution in equal parts, usually for some gain such as a capital raise which is voted upon is allowed. Preferential dilution which is being claimed is not.
@drcrammd@gabriel_zucman Shareholders keep both classes of stock, there is no dilution regardless of price.
Fwiw, it’s against the law to dilute shareholders and for good reason
@jamesdouma@TeslaCiviliz8n Kinda crazy that people are crying over merger & optimus delays when the goose just starting laying golden eggs. Onward.
@drcrammd@gabriel_zucman There is no dilution to existing shareholders b/c they all get new shares. Zuck is paying the tax and avoiding loss of voting control.
@Chad_Nelson_ Add a low cost pre-paid cell phone using Mint Mobile (or similar) with a fresh email address for your primary bank/brokerage account.
Do not use the phone for anything else, leave in a secure place turned off.
Scrub your 'real' phone and laptop of all references to the bank.
@ReposedAnchor Trying to figure out the math is itself the confusion. Own any percentage of either entity and it winds up being the same thing.
SpaceX + Tesla is a hundred year plus juggernaut. As a shareholder, you've already made the winning move.
Feb 17, 2013: wrote a check to Tesla Motors and handed it over at Tesla. Deepak Ahuja was CFO.
Thirteen years later, the new Roadster showed up and it was worth the wait.
Some due dates are more flexible than others.