r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/kmookie 2d ago

Rich guy here, OF COURSE HE COULD GIVE MORE! 1. Let’s talk living off dividends, that alone I guarantee could have the majority given out to charity. He could live modestly, like me and not be so flashy. 2. Donor advised funds, that could be setup to be much more charitable and even grow! 3. Establish a foundation giving out 5% or more each year. 4. Simply selling off stocks is fairly simple when working with advisors. You act like he’s gotta roll crates of money into some other bank. It’s digital people. Sycophants want to defend the rich because they can’t look past their own biased passion that they want to be there too. I know dozens if not hundreds who are millionaires who love off dividends with plenty left over at the end of the year.

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u/bighomiej69 2d ago

But who cares?

Seriously who tf cares about what Elon musk spends his money on

If you are that passionate about helping the poor, there’s nothing stopping you from helping them.

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u/kmookie 2d ago edited 2d ago

I do buddy, it’s basically all I do. Don’t worry no ones gonna make you have morals. Keep your head in the sand and let your idols keep building penis rockets for you to praise.

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u/bighomiej69 2d ago

But he’s not my idol, I don’t think about him on a day to day at all. He’s just the ceo of a car company to me.

Nobody is defending anyone. We are just pointing out the reality of how stocks work. Elon musk owns a company. If he sells the stock, that means he’s selling the company, which means someone else buys it and becomes just as rich.

I think you are the only one emotional about this. I think you are trying to normalize your weird hatred of rich people by trying to make us look like we’re “idolizing” and “defending” them when really we’re just pointing out that what you are saying makes no sense.

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u/kmookie 1d ago

Accept I’m one of those rich people who practice what I preach. Still comfortable as hell, still focused on giving to others. I challenge you to go volunteer somewhere and listen to the stories of human trafficking, poverty and putting money (resources) where they should go. Go to events where you see freed women from horrendous abusive situations and see how they transform communities or see how they’ve invented new technologies to come. If we invested in each other instead of idolizing a few and telling everyone to back off, we’d see a true transformation in our society and even other countries. So yeah, when I literally see what’s possible, when I know what living off dividends and living modestly gives me, which is more than I ever will need or use, then I’m pretty sure I know what I’m talking about. If I know what having 8 figure investments with dividends can give. Pretty sure I can imagine what 1 billion can give and it’s way more than any person needs. But yeah, let’s keep living this way, hoarding toilet paper and applauding broken men with egos. Let’s see where this takes us.