My dad used to wonder whether trendy names were the result of new parents throwing darts at lists of consonants and vowels... "that looks like an L... write it down! Now, I think we need a vowel... and throw! It's an O!"
Musk is leaving tho. He’s convinced all the people who like him will pay him billions to live on Mars. Mars. He says he needs the 55 billion to get us all there. 140 million miles away from a planet already capable of supporting life, if we don’t destroy it. Now, suggest donating 55 billion to environmental causes and to end poverty here on Earth and you’ll get worldwide applause. Or, you know, work on a spaceship to take us to a freezing cold planet with no atmosphere, magnetic field or gravity sufficient to prevent muscle atrophy. This must be what billionaire boredom looks like.
What makes it even more hilarious is that SpaceX sold hoodies saying "Occupy Mars" That's such a blatant misunderstanding of the Occupy movement and what would actually happen to Musk's corporate colony on mars if there was Occupy activity there. He would be deposed and forced to do janitorial work tout de suite.
I have two of those hoodies, because I love mars, political uprising, and irony.
i still don't get why heads of companies get 100s of times more (in general) than the person who makes the actual product or output or performs the labour that keeps their company in business - i get they work long hours etc, but they are profiting off someone they are actually beholden to
You mean customers? Because customers create jobs. On account of paying money for products and services. You know who don't create jobs? Those with passive income from assets. Of course many people do both, so the fair way to look at it is to consider both, i.e. look at the ratio between the two.
OK, so how much does someone spend on goods and services? Well that's easy: Look at income and subtract the following:
- Saved wealth, because a dollar saved is a dollar not spent.
- Money spent on assets, because an asset is neither goods nor services.
So that's, for example $60 000 total income, $10 000 saved, and $10 000 spent on assets, leading to $40 000 spent on goods and services.
Now, how much is your passive income?
Let's say you've invested $10 000 on assets for the past 10 years, so now you have a passive income of 8% over $100 000, meaning $8 000 this year of extra income from being slumlord investor scum. (FYI this means that their productive income (i.e. wages) for this year is $52 000. )Cumulatively this is (800 + 1600 + 2400 + 3200 + 4000 + 4800 + 5600 + 6400 + 7200 + 8000) = $44 000 of total extra income over ten years.
So your job creating score for this year is $8 000 / $40 000 = 0.200
The previous year it was $8 000 / $39 200 0.204
So as you see, as you acquire assets, your score gets worse.
I just completely pulled this out of my ass, so it is already better than what the average economist comes up with.
Yep, let him build his little fiefdom, the scifi geeks that join him to do the actual work will rebel and depose him, and then we finally have what I always wanted: An anarchist colony on Mars.
I've never been to Delaware, but I've always envisioned it as an entire state full of nothing but file cabinets full of carbon copies of business formation documents.
I wish that implant in Musky's brain would short circuit.
Elon and Kimble. So their parents selected their babies' names from a list compiled by a very early A.I.
Makes me wonder if they have a sister, named Ge-Doink. Just for the hell of it.
My dad used to wonder whether trendy names were the result of new parents throwing darts at lists of consonants and vowels... "that looks like an L... write it down! Now, I think we need a vowel... and throw! It's an O!"
Musk is leaving tho. He’s convinced all the people who like him will pay him billions to live on Mars. Mars. He says he needs the 55 billion to get us all there. 140 million miles away from a planet already capable of supporting life, if we don’t destroy it. Now, suggest donating 55 billion to environmental causes and to end poverty here on Earth and you’ll get worldwide applause. Or, you know, work on a spaceship to take us to a freezing cold planet with no atmosphere, magnetic field or gravity sufficient to prevent muscle atrophy. This must be what billionaire boredom looks like.
What makes it even more hilarious is that SpaceX sold hoodies saying "Occupy Mars" That's such a blatant misunderstanding of the Occupy movement and what would actually happen to Musk's corporate colony on mars if there was Occupy activity there. He would be deposed and forced to do janitorial work tout de suite.
I have two of those hoodies, because I love mars, political uprising, and irony.
i still don't get why heads of companies get 100s of times more (in general) than the person who makes the actual product or output or performs the labour that keeps their company in business - i get they work long hours etc, but they are profiting off someone they are actually beholden to
Because the US rescinded those taxes that made that sort of thing a no no
well hell, that was silly!
Same. I think 5 times is already pushing the limit. Nobody is worth five times what their colleague is worth.
It just amazes me how we treat our job creators in this country.
You mean customers? Because customers create jobs. On account of paying money for products and services. You know who don't create jobs? Those with passive income from assets. Of course many people do both, so the fair way to look at it is to consider both, i.e. look at the ratio between the two.
OK, so how much does someone spend on goods and services? Well that's easy: Look at income and subtract the following:
- Saved wealth, because a dollar saved is a dollar not spent.
- Money spent on assets, because an asset is neither goods nor services.
So that's, for example $60 000 total income, $10 000 saved, and $10 000 spent on assets, leading to $40 000 spent on goods and services.
Now, how much is your passive income?
Let's say you've invested $10 000 on assets for the past 10 years, so now you have a passive income of 8% over $100 000, meaning $8 000 this year of extra income from being slumlord investor scum. (FYI this means that their productive income (i.e. wages) for this year is $52 000. )Cumulatively this is (800 + 1600 + 2400 + 3200 + 4000 + 4800 + 5600 + 6400 + 7200 + 8000) = $44 000 of total extra income over ten years.
So your job creating score for this year is $8 000 / $40 000 = 0.200
The previous year it was $8 000 / $39 200 0.204
So as you see, as you acquire assets, your score gets worse.
I just completely pulled this out of my ass, so it is already better than what the average economist comes up with.
And they say that boxing is the sweet science.
Ta, Liz. Disgusting excuse for a human.
Liz libelz! Oh, you mean Elon...
i like how he's all 'never incorporate in delaware, people' as if he was there when the company was founded
As if he did not incorporate in Delaware in order to avoid taxes to another state
Remember when he said he’d give money (6B) for hungry people and then never did?
Didn't Musk use his shares in Tesla as collateral, or at least proof of his assets, when he got investors to put money into his purchase of Twitter?
The sooner he leaves for Mars, the better off we'll all be.
Yep, let him build his little fiefdom, the scifi geeks that join him to do the actual work will rebel and depose him, and then we finally have what I always wanted: An anarchist colony on Mars.
Maybe name that rocket Titan II 🙈
His whiny self-involved tantrums on Twitter were really just the icing on the selfish, self-serving idiot cake. He is SUCH an a'hole.
Were Musk replaced as head of Tesla by a shit-flinging gibbon, would company performance be negatively affected in any way?
I didn't know he had a twin.
A different one?
I'm guessing slightly higher janitorial costs, but don't quote me on that.
Didn’t he fire the janitors tho?
Depends on whether feces on everything or semen on everything is harder to clean up.
What a day! This article made me feel so good, I almost crave a smoke and a cuddle after reading it. 😁
I've never been to Delaware, but I've always envisioned it as an entire state full of nothing but file cabinets full of carbon copies of business formation documents.
Prove me wrong.
It's not an entire state. It is like the size of a large city.
On a glorified sandbar.
There's also a garage with a presidential Corvette parked inside, unless I've been sadly misinformed.
Oh. Anyway...
If billionaire kleptocrats can't klepto, is it even worth being a billionaire?
If billionaire kleptocrats can't klepto, is anything worth it, anymore? O, the Weltschmerz.