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(The Hill)   Elon Musk could become the worlds first trillionaire? Just how many downloads of 'RIP - Harambe' have there been?   (thehill.com) divider line
    More: Interesting, Elon Musk, Broadband Internet access, Rocket, Morgan Stanley, SpaceX founder, Spacecraft, Boca Chica, Boca Chica Key  
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282 clicks; posted to Business » on 21 Oct 2021 at 7:05 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



31 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-20 8:42:20 PM  
And still won't pay taxes.
 
2021-10-20 8:46:56 PM  
Nobody needs $200 Billion dollars. Nobody.
 
2021-10-20 8:57:22 PM  
Bezos had to  give up half his stuff in the past few years otherwise Jeff would have beaten Elon.
 
2021-10-20 8:59:39 PM  
F*ck Elon. That is all.
 
2021-10-20 9:04:19 PM  
Elon used to be cool.....then he started voicing his opinion on stuff.   Now he's just an asshole.
 
2021-10-20 10:03:39 PM  
Why are the richest people always the sort I wouldn't trust to mow the yard?
 
2021-10-20 10:19:55 PM  
Not if we get an equitable tax system. (We won't)
 
2021-10-21 3:07:00 AM  
Pretty soon you're talking about real money.
 
2021-10-21 6:58:57 AM  
This is farking obscene

But if it's gonna happen, my 5$ is on Putin
 
2021-10-21 7:12:52 AM  
Elon is my favorite billionaire!  I just love him.  I used to love Lee Raymond and Jim Fitterling, but there's something so dreamy about Elon.  I hope we can get married one day!
 
2021-10-21 7:33:02 AM  

baka-san: This is farking obscene

But if it's gonna happen, my 5$ is on Putin


Various places over the years have suspected he's already there.
 
2021-10-21 8:23:17 AM  
I've been assured he doesn't a actually have all that money, and it only exists on paper.
 
2021-10-21 8:24:13 AM  

ImpendingCynic: Why are the richest people always the sort I wouldn't trust to mow the yard?


Becuase you only get that rich by exploiting other people.
 
2021-10-21 8:41:20 AM  

Tyrone Slothrop: I've been assured he doesn't a actually have all that money, and it only exists on paper.


Not even paper, just numbers in a computer.
 
2021-10-21 8:58:26 AM  
This is why stock value over some figure (say a billion dollars or even 10b), any increase above that has to be taxed as if you had sold the part above a billion and then instantly bought it again every day.  241 million shares, at 864.27 yesterday and 865.80 today.  Take the 208.239 billion from yesterday and 208.657 billion today leaves capital gains tax due on 418 million dollars at the rate he should be paying of 37% for the days tax bill at 154.6 million dollars. Even at the 20% long term rate would be better than the zero that is happens now.
 
2021-10-21 9:01:44 AM  
"Trillionaires and billionaires are doing very, very well."
---Joe Biden (9/23/21)
According to the president the US already has multiple trillionaires.
 
2021-10-21 9:44:31 AM  

DON.MAC: This is why stock value over some figure (say a billion dollars or even 10b), any increase above that has to be taxed as if you had sold the part above a billion and then instantly bought it again every day.  241 million shares, at 864.27 yesterday and 865.80 today.  Take the 208.239 billion from yesterday and 208.657 billion today leaves capital gains tax due on 418 million dollars at the rate he should be paying of 37% for the days tax bill at 154.6 million dollars. Even at the 20% long term rate would be better than the zero that is happens now.


So when Tesla stock inevitably crashes we'll be reimbursing him for billions of "losses"?
 
2021-10-21 9:53:46 AM  

neaorin: So when Tesla stock inevitably crashes we'll be reimbursing him for billions of "losses"?


Of course not.  There would need to be some sort short term averaging maybe monthly.  It is the cost of doing business for hoarding billions in capital.  It fixes the problem of things like Gates never paying taxes on most of his wealth because he will be dead before the tax is due.
 
hej
2021-10-21 10:03:38 AM  
You could fix climate change overnight if you could just find a way to harness Fark spite for energy production.
 
hej
2021-10-21 10:04:53 AM  

Albert911emt: Elon used to be cool.....then he started voicing his opinion on stuff.   Now he's just an asshole.


You guys have a problem with it even when he makes a point of refusing to publicly voice his opinion on stuff.
 
hej
2021-10-21 10:08:08 AM  

Tyrone Slothrop: I've been assured he doesn't a actually have all that money, and it only exists on paper.


I'll completely assure you that the moment Tesla stocks go back down (which they will), there will be plenty of Fark threads celebrating his supposed loss of money.  So yes, it's definitely on paper. He doesn't have $200b sitting in a bank account.
 
2021-10-21 10:37:03 AM  

DON.MAC: neaorin: So when Tesla stock inevitably crashes we'll be reimbursing him for billions of "losses"?

Of course not.  There would need to be some sort short term averaging maybe monthly.  It is the cost of doing business for hoarding billions in capital.  It fixes the problem of things like Gates never paying taxes on most of his wealth because he will be dead before the tax is due.


It's called mark to market and it takes place yearly for certain kinds of asset classes.  ETFs that send you a form k-1 require you to do this.

Not sure that forcing equity sales to cover capital gains though is really the right place to be.  Just make sure the estate tax stays in place and place charitable donations into the exclusion bucket instead of outside it.
 
2021-10-21 11:11:23 AM  

hej: Albert911emt: Elon used to be cool.....then he started voicing his opinion on stuff.   Now he's just an asshole.

You guys have a problem with it even when he makes a point of refusing to publicly voice his opinion on stuff.


So this is the part of the meme where the weird nerd jumps in front of the criticism bullets aimed towards Musk.
 
2021-10-21 11:24:58 AM  

NuclearPenguins: hej: Albert911emt: Elon used to be cool.....then he started voicing his opinion on stuff.   Now he's just an asshole.

You guys have a problem with it even when he makes a point of refusing to publicly voice his opinion on stuff.

So this is the part of the meme where the weird nerd jumps in front of the criticism bullets aimed towards Musk.


Awe boo boo. Did someone point out your obvious hypocrisy? That must sting.
 
2021-10-21 12:12:07 PM  
There are people without shelter and food.
 
hej
2021-10-21 12:18:44 PM  

NuclearPenguins: hej: Albert911emt: Elon used to be cool.....then he started voicing his opinion on stuff.   Now he's just an asshole.

You guys have a problem with it even when he makes a point of refusing to publicly voice his opinion on stuff.

So this is the part of the meme where the weird nerd jumps in front of the criticism bullets aimed towards Musk.


Yes. Calling out nonsense on your part means I suck Elon's dick nightly.
 
2021-10-21 12:28:08 PM  

baka-san: This is farking obscene

But if it's gonna happen, my 5$ is on Putin


These how many dollars do you have contests are trite and amusing to Xi Jinping and Putin who ask Musk and Bezos to wake them up when they the power to direct an enormous military with a word.
 
2021-10-21 5:11:44 PM  
I'd never knowingly give this piece of shiat money. Not sure why anybody does.
 
2021-10-21 10:21:59 PM  
The Rentals - Elon Musk Is Making Me Sad [OFFICIAL LYRIC VIDEO]
Youtube taupuK6oND4
 
2021-10-22 1:50:03 AM  

Marcos P: baka-san: This is farking obscene

But if it's gonna happen, my 5$ is on Putin

Various places over the years have suspected he's already there.


When you have that much power, money is superfluous.
 
2021-10-22 11:39:57 AM  

austerity101: There are people without shelter and food.


Why is this his problem?
 
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