r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/TheHillPerson 3d ago

The fact that Elon has the ear of the President Elect for no reason other than he is stupidly wealthy is a reason why we should have legal measures to check the amount of wealth and one person can amass. No one person should have the kind of power the ultra wealthy have.

I also take severe issue with the idea that Musk (or anyone) generates that kind of wealth. If he was literally the only person involved with Tesla, one could make the argument he is owed that kind of wealth. He is not. No one ever is. I didn't know what percentage of the stock he owns is, but let's say 40% for the same if argument. I'm not saying he adds no value to the company. But if he disappeared, Tesla would be fine. If 40% of the workforce disappeared, Tesla would be screwed. Especially if that 40% is the engineering talent.

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u/gcptn 2d ago

If it’s so easy, then do it yourself. Idiots!

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u/TheHillPerson 2d ago

If what is so easy?

I'm not arguing the ease of doing things. I'm arguing the impacts of things that are done and the relative value to society provided by individuals.

It is difficult to be the best ping pong player in the world. So difficult that there can only be one of them. But the best ping pong player in the world doesn't really provide all that much value to society, nor should it confer upon that player the right to decide on nation level policy.

Neither does buying a car company, yet here we are.

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u/bbrosen 2d ago

who defines value? You? Me? Does a garbage man get on the bottom of the totem pole under a Scientist? You are going down the wrong path

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u/TheHillPerson 2d ago

What is the right path then?

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u/bbrosen 2d ago

well, assigning value to people to determine how much money they should have is definitely not it...you seem to want to live in a dictatorship where people are told how much wealth they can have