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.
@NYCMayor@grok the video references a property owner that paid $238 Million for a penthouse in downtown New York City. Assuming that is also the tax valuation for this property, how much does the property owner already pay in property taxes annually?
@commbankerguy Seems reasonable that most consumer lending positions could be consumed by this.
What’s your outlook on commercial lending? I think there is more nuance and qualitative consideration there, but I also think AI could eventually handle even that better than most lenders.
@Mikkalll @PudgeCapital @BasedMikeLee Yep. Sourcing my own healthy protein from the mountains and providing for family and friends is pretty fucking awesome. You should try it sometime.
@POTUS Drill it. Mine it. Log it. We can’t do any of that if we sell it. This will create a major rift between you and your constituents that use these lands (e.g. hunters).
This is bad for you and for us. Don’t do it.
https://t.co/f0VjejV3pY
@TristanSnell If he used Tesla stock as collateral, how would the banks repossess X if they don’t have a security interest in it? Not too smart, are you?
@Lone_Oak_Inv The FDIC and OCC both perform fair lending and anti-discrimination reviews. No one is advocating for removing consumer protection, but how many regulatory redundancies do we actually need to pay for?