Showing posts with label wealth. Show all posts
Showing posts with label wealth. Show all posts

Would You Let This Guy Hold Your Lunch Money?


In 2022, Elon Musk paid 44 billion dollars for the social media platform Twitter. Under Musk's management (or, some would say, mismanagement), the company, inexplicably renamed "X", lost nearly 80% of its value within two years.

At the start of 2024, Tesla, Musk's electric vehicle business, was valued at $58.3 billion. By the end of the year, its value was estimated at $43 billion, a drop of nearly 26%. Although Tesla's decline may have been partly fueled by Musk's reputation as a bullying goon involved in right-wing extremist politics, the ugliness of the Cybertruck, along with a series of vehicles fires and explosions, didn't help.

Musk also owns the Boring Company, a tunnel construction service notable for impractical proposals and failed or abandoned projects.

SpaceX is another Musk business, a space exploration technology company. Although the company's failed launches and rocket explosions have attracted attention, it has also succeeded in many of its ventures, which include cargo delivery to the International Space Station. SpaceX's rapid success was built on financial support from the U.S. government, in the form of lucrative federal contracts and grants.

Another Musk venture is Starlink, an Internet satellite service, hated by many astronomers for blocking our view of the stars. Starlink has had many satellite malfunctions and failures. As an Internet service, it is expensive, and has a reputation for poor customer support. Musk has also been accused of using Starlink in attempts to manipulate global politics by making it either available or unavailable in different areas. As a proponent of vicious and disproportionate revenge, Musk used his influence with America's Republican administration to terminate funding for USAID, an independent agency of the United States government that is primarily responsible for administering civilian foreign aid and development assistance, thus cutting off food, medicine, and shelter for millions of needy people, apparently as punishment for the agency's questioning its relationship with Starlink.

Neuralink is a company attempting to build implantable brain-computer interface systems. The company has been criticized for the deaths of primates used in its experiments. Following false statements about the deaths, a national physicians group asked the SEC to investigate Musk for possible securities fraud.

Musk formed a supposedly temporary organization known as the Department of Government Efficiency (DOGE), which masquerades as a U.S. government department. The formation of new departments requires the approval of Congress, which DOGE did not receive. Although its stated purpose is to find and eliminate government waste, DOGE's most visible activity has been the infiltration of government agencies and departments for the purpose of gaining access to computer systems and allegedly harvesting cititzens' financial and medical data. Despite consensus that DOGE's activities have been illegal, there has been no intervention by law enforcement. Musk has been accused of staging a coup and attempting to completely destroy the U.S. government.

Elon Musk was born to a wealthy family in South Africa in 1971. In 1989, he emigrated to Canada, where he became a citizen. In 1995, he and his brother Kimball moved to California. Kimball has publically admitted that they were illegal immigrants. Somehow, Elon acquired U.S. citizenship in 2002.



 

Following the Money

Illustration: “Because so much money creeps into my sack, the whole world climbs into my hole” (1568), Jan Wierix



Traditionally, throughout history, the rich have robbed the poor. This is so deeply accepted as a norm, that a greed-crazed billionaire will characterize helping the poor as "criminal".



There are no U.S. laws that contain the footnote: "Super-wealthy individuals may ignore this."



If I had more wealth than anyone in the world, and if I also wanted people to admire and respect me, I would provide food for the hungry and medicine for the sick. I would repair bridges and roads. I would build affordable housing.

On the other hand, if I had all that wealth and wanted to make people hate me, while attracting the admiration of sadists and criminals, I'd cut off supplies of food and medicine to babies and others who really need it. I would build only projects that were flashy and ego-pumping.

How we really choose to use the resources that are available to us tells more about our value as human beings than any speeches, slogans, or promises we speak.



Eat the rich, and you feed your family for a day.

Tax the rich, and you feed them for life.



He Wants More

A unimaginably wealthy businessman has so much money, he could give a million dollars to every person in the country, and he'd still be the richest guy in the world. Yet this person wants to reduce the resources available to the rest of us. Why? Why would someone who has everything want to take away the relatively small amounts others have?

The answer is greed. Most of us can understand ordinary greed, the desire to have more than you've already got, the wish to be rich and to have fancy things. But few of us can comprehend the special type of ultra-greed that drives the oligarchs. They are NEVER satisfied. Five yachts aren't enough, if it's possible to get one that's fancier. A fleet of private jets isn't enough, if there's a chance a new one would be faster or more luxurious.

While we can, on an intellectual level, comprehend that someone might feel driven to improve upon his already excellent situation, what we can't understand is why someone who already has everything desperately wants to take the little we have away from us.

The problem with the never-satisfied, ultra-greedy oligarchs is that they don't just want a lot, they don't just want more, they want EVERYTHING. Anything you have, no matter how small, is something they don't have. They want it. This is why they don't care if we die of preventable illnesses, or starvation, or nuclear holocaust. Only if we are dead can they feel sure that we have nothing and they have everything.

As they build their doomsday bunkers, they fantasize about a world in which more than half the population is annihilated. Unfortunately for them, they need workers for a few things, so they can't quite wish for everyone but themselves to vanish.

 

Ranting About Billionaires

Is your yearly budget less than a million dollars? If you had a billion dollars, you could spend a million a year for a thousand years, and you still wouldn't run out, because all that time, your money would have been invested in accounts that pay interest and dividends, so more money just keeps rolling in.

Now, imagine you had not just one billion, not two billion, but a hundred billion, or three hundred billion. With 300 billion, you could spend a million dollars EVERY DAY, and you'd have money left over at the end of 22,000 years.

That sure seems like enough money, doesn't it? But the guys who have that much, or close to it, don't think it's enough at all. They can own dozens of homes in different countries, buy private islands, own personal jets and huge yachts, indulge in collecting rare automobiles or historical jewelry, go anywhere they like, purchase any clothing, any food they want, get cosmetic surgery every year, send their children to the greatest universities, spend the night gambling in Monte Carlo, ski at the most exclusive resorts, get the best medical care in the world, bribe politicians just about everywhere, build stadiums and skyscrapers with their name on it, and - just for a change of pace - donate millions to charity. But they still don't think they have enough. They are constantly scheming to get even more. Many of those schemes require taking away what other people - you and me - have.

They want the power to make us pay for the infrastructure and institutions that make modern life possible for them. While they make $5000 a minute, they begrudge us $15 an hour. They want to eliminate the rules that keep our food safe and our water clean, because they can make bigger profits if they don't have to be clean or careful.

Why? Why do they want to cancel the retirement income of the elderly, cut off health care for the middle class, or withhold food from schoolchildren? They want every possible penny in their own pockets. They already have more than enough, more than too much. But they aren't satisfied. Greed gnaws at them the way hunger gnaws at a starving animal. More, more, more, howl the voices inside them. The sight of comfortable people enjoying safe, healthy lives fills them with anxiety. Those people driving nice cars and living in pretty houses represent pennies that should be in the billionaires' pockets. Your retirement account is cash that they want.

They are much happier when the world around them is populated by hungry peasants dressed in rags and dying young, because then they can feel assured that they have taken everything for themselves.

Links:

Billionaires Lying to Convince Us to Destroy Our Government
Billionaires Hate Us

 

The World is Never Enough

Photo by Michael on Unsplash: Dead plants on a beach
This story is a smaller version of what has been happening and is still happening throughout our country and the world.

A wealthy couple living in a very nice house above Camden Harbor in Maine noticed that their potential ocean view was blocked by their neighbor's big, beautiful trees. They decided to poison the trees. The plan worked, and the trees died.

In the meantime, the herbicide they use leached into a nearby park and contaminated the town's only public beach. The product that was used, Tebuthiuron, does not break down, so it continues killing plants for years. The only way to get rid of it is to remove the soil (tons of soil) or to try waiting for it to be diluted over time. The couple ended up paying a $1.5 million settlement to the tree owner and around $214,000 in fines and fees related to the environmental damage. They haven't been jailed, and apparently are still members of the Yacht Club. And they got the view they wanted.

It seems like just another story of people with too much money and a sense of entitlement arrogantly taking whatever they want with no regard for anyone or anything else. The same thing happens on a much larger scale, too, and it affects everyone. Big corporations do this to us regularly. By "big corporations" I mean the greedy, short-sighted rich people who run them. Assisted by corrupt politicians, they eagerly poison our air and water and contaminate our soil, just so they can make more money.

Like the tree poisoner who didn't care that marine life would be killed for years to come as long as he could get a little more pleasure from his mansion, the oligarchs and robber barons are willing to destroy the future in exchange for the temporary gratification of acquiring more and more paper profits. A CEO might be able to buy another $20 million yacht or another private jet, while workers and their children can't afford the drugs the oncologist prescribed. It's not just that they have so much while others have so little. It's that they are never satisfied, and getting more, always more, requires them to take away the very little those others have.

Read the orginal story here: Poisoned trees

Read about another pollutors' triumph here: Court supports pollution

 

America is Already Great

Whenever I walk around in an American supermarket, I am nearly overwhelmed by the abundance. I can choose from a truly amazing selection of fruit and vegetables, meats, canned goods of every kind, snacks and treats. Thanks to refrigeration and modern transportation, I have access to products from all over the country, and all over the world. Look how many varieties of milk there are! Try to count all the flavors of yogurt! The breakfast cereal aisle is astonishing. And there is a special deli section where salads, main dishes, and casseroles have been prepared for people to take home. There are beautiful pastries and fancy cakes in the bakery. There are also departments for housewares, beauty products, health supplies, and more. How lucky we are! @realrkwest
 

They Want it All, And They'll Take it From You

The oligarchs have more wealth than they can possibly use, and even if they never made another dime, they, their children, their grandchildren, and their great-grandchildren would still be incomprehensibly wealthy.

They can have anything they want or need: Big houses, big vacation houses, spare apartments in cities around the world, nice cars, designer clothes, the best food cooked by private chefs, whatever medical care they need at top hospitals with famous doctors, multiple yachts, private hunting ranches, hairdressers who travel with them on their private jets, secret bunkers (underground mansions) in case of nuclear war, their own private security force, private schools and top-notch universities for their kids, lawyers on retainer, ownership of TV stations, newspapers, and tech companies, and the hired help needed to acquire and maintain all their possessions. In summary, they have everything. @themrswest

Yet, somehow, that isn't enough. Not only do they constantly want more, they want to make sure that everyone else has nothing. They crave a world where they have absolutely everything, whether they need it or not: All the power, all the means of production, all the necessities, all the luxuries. And they want that world to be populated by impoverished serfs who have nothing and live short lives of sickness and pain. Why? I truly don't know why. It's very hard to get into a mindset where other people's misery is perceived as making your life better. But there it is.

Link: The Koch brothers' political activism and its damage to America - "The Kochs' Ayn Rand–inspired hellscape has yet to completely come to fruition, but the ideas the duo promoted are now part of the regular discourse—and have been for a while."

Link: While the Planet Burns: Billionaires Are Busy Hunkering Down for the Apocalypse - "Many of the wealthiest people in the world have decided that Earth is a Titanic heading for an iceberg. As a result, they have decided to create luxury lifeboats for themselves."

Link: The Koch Brothers Are Even Worse Than You Think - "Koch was found guilty of criminal conduct in many cases.... The workplace is becoming more dangerous under this constant pressure to produce profits."

Link: Robbing the poor to pay the rich - "Socialism for the rich and capitalism for the poor is increasingly popular as we leave the 20th century, especially in this country"