🧠🪱
Elons stocks aren’t wealth. If the number of Tesla shares doubled the world isn’t any richer. If the number of Tesla cars doubled, it’s measurably richer.
For him to get to $1t in capital, he has to organize labor to set the means of production in motion to produce enough consumer wealth that his companies are worth trillions. Aka he has to ship wealth to consumers.
Whoever runs on inequality isn’t a socialist. They aren’t running on “let’s build more houses or more hospitals” because they actually can’t find anyone competent who can organize labor so these things end up being built. The outcome is always just more state debt and inflation.
love it. but let’s do more! let’s take 10% from millionaires and do better health insurance! and a train from LA to fresno! and groceries!
taking peoples assets after they’ve already paid 53% income tax on them is totally reasonable. or their pre-tax unrealized gains which forces then to sell illiquid assets or whatever... i’m just glad we’re gonna make this hard for them. they deserve it.
actually, why stop there?? if we get this to work, we can get 51% of people to vote to take ALL the assets of the 49%! make it a 100% wealth tax on anyone over the average. this could be great. then we can do giant government things because government has proven so good at doing things! in fact, we can send the money to somalia! “make somalia great again” could be your 28 presidential run campaign slogan??
america’s founding fathers definitely intended the union to form around these principles! magnificent
zcash is basically a revenge against everything:
-corrupt govs and surveillance states
-banksters
-vc slop and hedge funds that have polluted this space
-bitcoin and crypto in general that has largely abandoned its cypherpunk ideals
run it to zillions with haste
i’d argue you’re too easily moved by the choice words. “privilege” and “equality” are selected because they confuse the notion of fairness. another way to frame his statement “if you’re accustomed to succeeding due to hard work, ingenuity, risk/sacrifice, and, sure, some amount of luck, having the outcomes reset so that everyone is rewarded more equally feels unfair.”
is succeeding after making good choices, sacrificing personally, and working hard really “privilege”?
is it oppressive that everyone doesn’t get to the same place?
perhaps the real oppression is the loss of individual liberties when naively egalitarian philosophies mutate into marxism, denying opportunities for individual sacrifice, effort, and achievement to be rewarded.
framed as privilege v equality misses the mark.. equality of opportunity and equality of outcome are v different things. silicon valley’s most successful are the immigrants who found america as one of the only places on earth where an individual with zero baseline privilege can struggle and sacrifice and effortfully succeed. calling them privileged after the fact seems hardly the point. but an easy one to make.