Unmasking Elon Musk

[FJRider]

85% of the worlds 8 Billion population are in third world countries. A lot of those people would just burn the actual cash notes for heating never mind spend it.
In our country the govt will take 24-33% in tax straight away then another 15% gst soon as you spend it, good luck getting it back lol
Tesla shares pays no dividend so no cut for you until you sell

In some of those third world countries ... they may as well burn it ... you might get the (NZ) value of a Big Mac for a wheelbarrow of cash notes ...

I've retired now ... on a pension (with a pay rise too) ... and STILL paying tax. I see it as a sort of return ... on tax I've paid in the past ...

[Al Bundy 4eva!]

It's not a return, you paid tax your entire working life, now your paying Tax on your pension?wtf? all that money is going back to the global corporations, the 1% and it's investors.. like me so thanks anyway.

[Al Bundy 4eva!]

I don't disagree with the statement 'if everyone was given 10 grand...' for the most part - but the reason why that is the case is not the same as 'to have rich people, you need poor people'.

It's a subtle, but IMO very important difference.

All scenarios , my 10 grand scenario, your island scenario,R650R weird burning money scenario is not real, I live and invest in the real world which is why I retired far to young for the system that needs it's tax slaves.

[Al Bundy 4eva!]

And although Tesla doesn't advertise, Elon Musk proudly gloats about how much free advertising he gets from the opposition and all the haters, hell even those on this site are far more knowledgeable about Tesla simply by arguing with me...free advertising swallowed by the sheep on this forum

Musk is brilliant!

https://twitter.com/elonmusk/status/...Hz74uPZ0g&s=19

[mashman]

I knew that would be too much for you. How about we get a virtual 10k and we tell you where we spend it????

It's pretty simple logic given that they've been in business for centuries and essentially built the entire knowledge base for the system, as well as lent out every single dime being the only people rich enough to create and back banks and develop oil and guide general human development into the future. The money always flows back to them... tis unavoidable. If you burn it, they'll charge someone else for it. The entire system is designed/throttled to ensure that that very thing happens. Simple economics. And really? Them third world folks iz just so dumb, they don't realise the value of the money and wouldn't think to trade it with someone they know who does? I can see why Bundy has you over a barrel.

[R650R]

Let me explain, even if in this theoretical situation, we decide to tax the gifted 10k, what happens to the tax? Perhaps it goes to a dole bludger , a nurse, teacher or a red head politician... they still end up spending it on MacDonalds or a Tesla, even if they decide to pay down debt, the debt likely came from wholesale rates, bond's owned by the US banks who are the 1%

A garage sale, or kids brownie stand at a school gala, plumber, builder, bike mechanic they end up eventually buying something owned by the 1%, and it's international corporation's, the money always finds its way back to its original master, like the one ring finding it's master Sauron.

No matter what you buy, that money will find it's way eventually to the top 1% of all wealth holder's.

...it always returns to its original owner, Always.

I forgot to mention govts burn money too lol

I see now your original argument falls down you resort to talking about the fiat based central banking system. No matter what happens both systems of helicopter money cause inflation and devalue the dollar. So no matter what circuitous route it takes the original lender never gets their original 10k back as it’s devalued and no longer worth ten k even if they did get a full ten k back. Charging fees via Interest is not getting the original money back, it’s creating new money that devalues the original money.
Your concept makes the top 1% sound infinitely wealthy but we can tell by their investment decisions it’s not a perpetual positive return on all money spent otherwise the likes of Trump would never go bankrupt and Elon wouldn’t need to sell shares destroying value of gis business to fund next scam.

[mashman]

It's not a return, you paid tax your entire working life, now your paying Tax on your pension?wtf? all that money is going back to the global corporations, the 1% and it's investors.. like me so thanks anyway.

It is a return, of sorts. His pension was invested and grew over the years with him not putting all of that money into it. He has received a capital gain. One that looks to be taxed, so long as oil, gas, weapons etc... perform well in the market... as well as there being enough people in general investing and spending to keep the money flowing for those industries. Tis one of the reasons why Musky squeals like a stuck pig when you mention the falling birthrate. If ya ain't go no workers, pensions will be one of the first things to fall.

[Al Bundy 4eva!]

^^I was referring to the taxed income over ones working life and his tax slave job, investing for the future is wise, unfortunately the middle man takes a huge amount of it, It's far better to learn how to invest your self.

Basic SP 500 is a simple investment, has had an average return of 8% since the war or something like that, you don't need an expensive fund manager taking a huge chunk of your retirement just to basically invest into the SP500 or China and Australia with a little bit of cash and bonds, it ain't rocket science

As for Musk and the population decline, I doubt he's worried about workers, Artificial intelligence and Tesla bot is likely to take over most of his workers and your jobs, it's going to happen a lot faster than people think, many mega cap companies like Microsoft, Google are developing the technology to make the working human obsolete.

[mashman]

As for Musk and the population decline, I doubt he's worried about workers, Artificial intelligence and Tesla bot is likely to take over most of his workers and your jobs, it's going to happen a lot faster than people think, many mega cap companies like Microsoft, Google are developing the technology to make the working human obsolete.

Of course he's worried about workers. I can see why you're just an investor. No workers = no consumers = bad share price = you needing to get a real job ... but yeah, tech can put most of us out of work at the expense of the entire economy. Goooooo smart guys.

[Al Bundy 4eva!]

but yeah, tech can put most of us out of work at the expense of the entire economy. Goooooo smart guys.

Yes but here's the kicker

The more people out of work is actually another win for the 1%

Higher unemployment is deflationary, this drive's down the cost of product's

It also forces central banks to lower interest rates to try and keep the economy alive through debt and money printing, this rewards those with debt and high growth tech companies like Tesla who rely on next decades profit margins to help them grow today

Basically means, I invest in Tesla today if you return me a profit when I choose to sell my shares in X amount of years

So a weak economy, high unemployment is good for Tech companies, that's why many are investing billions into artificial intelligence, automation and robots.

It always pays to be ahead of the game

None of this affects me, I left the workforce in my late 30s, my networth is growing and more than enough to see me through to the day I die, most likely my adult kids as well should I choose

As for the rest of you, my forecast are blurry, I see doubt and confusion about your working futures.

[sugilite:Me]

Pretty sure when the USA and China go at it you will be fucked right along with the rest of us

[pete376403]

who buys the product that the machines are making, if there are no paid workers?
Henry Ford was smart enough to pay his workers over the average, as he realised he needed someone to buy the cars they were making.
When there are enough unpaid ex-workers, how long will it be before the 1%ers are hanging from lamp-posts?

[mashman]

Yes but here's the kicker

The more people out of work is actually another win for the 1%

Higher unemployment is deflationary, this drive's down the cost of product's

It also forces central banks to lower interest rates to try and keep the economy alive through debt and money printing, this rewards those with debt and high growth tech companies like Tesla who rely on next decades profit margins to help them grow today

Basically means, I invest in Tesla today if you return me a profit when I choose to sell my shares in X amount of years

So a weak economy, high unemployment is good for Tech companies, that's why many are investing billions into artificial intelligence, automation and robots.

It always pays to be ahead of the game

None of this affects me, I left the workforce in my late 30s, my networth is growing and more than enough to see me through to the day I die, most likely my adult kids as well should I choose

As for the rest of you, my forecast are blurry, I see doubt and confusion about your working futures.

Absolutely. That's how things work... except driving the cost of products down. That's a temporary thing related to inflation, a market confidence trick, and not a real-world thing as people try recouping costs to offset brief loss of custom/cost rises though pay increases to meet COL demands/R&D costs, and so on... prices that were already rising before Covid in a field of low interest and inflation, but hey. Musky knows what AI is capable of (hence his tears), as that level of replacement does not turn out in a, that's just how things work kinda way... but hey, there may be another go on the merrygoround if the tears are listened to (which is likely)... and you're obviously well positioned so it's all good either way. Just get yer squllions out before 'they' get it

[husaberg]

[sugilite:Me]

I mean, some of these antics are funny. Does not change my mind that Musk on some level wants twitter to die.

https://edition.cnn.com/2023/04/10/t...und/index.html