@SOCALEASTCOAST@carolmswain Yes, also not too long ago (roughly 2010’s) the descendants of the Cherokee owned slaves took the tribe to court to be eligible for tribal benefits.
@solar_cross@Selene_Mariposa A lot are drug addicts, and in the 80’s there was a policy shift with the belief that severely mentally ill people were better off with their families taking care of them than an asylum could. So a lot of mental hospitals closed.
@nocny_vlk@spencer_askew He can make a bad film, War of the Worlds was stupid, AI didn’t land near as good as if Kubrick could have just to name a few. He has an incredible run of great films and I’ve grown up on his movies but no one’s perfect.
“Elon Musk is a trillionaire.”
As a securities law attorney, please allow me to explain how anyone who says this is basically lying to you:
1. The Securities and Exchange Commission has a myriad of laws that prevent founders and other large stockholders of publicly traded companies from dumping their shares. There are substantial holding period requirements, volume of sales limitations and public reporting obligations for stock sales. Basically, Elon holds largely illiquid shares, he is a “trillionaire” on paper only, and the best analogy is when people peg your net worth based on your home’s market price. That’s not money in your pocket, that’s the house you live in.
2. All that money raised in the IPO? That’s not going into Elon’s pocket like the lying socialist idiots want you to believe. It’s a capital influx that will be used to make more rockets and get more payloads into orbit. It’s a CAPITAL investment—that money is like a business loan, it’s not your money to keep, it’s your money to grow the business.
3. If it WERE legal for Elon to dump his shares, the share price would crash basically instantly and the company could very well fail.
If you bought SpaceX shares in the IPO, congrats. You just bought a lottery ticket, just like Elon. May the odds ever be in your favor.
So the next time someone screeches about how unfair it is that Elon Musk creates wealth that benefits all of humanity, throw the truth back in their faces.
@elonmusk Was that car an initial production model, like a beta test for the assembly line equipment? I helped with the startup of an automotive assembly line once and they would build test vehicles to make sure the equipment was working.
@KimInParadise@RealBrittHughes Our OBGYN said as much that the test were frequently wrong, and waiting out to see if it was right would just be extra stress.