Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq
Tax the rich a lot. There really shouldn’t be billionaires.
There’s no good reason for that level of hoarding beyond need. Waste of the use of money.
They have won life. Give them a Medal, then take away all they have so they can start a NewLife+
So… Is “eat the rich” still a thing?
I don’t want to eat Elon Musk’s flabby ass. I propose we just “beat” the rich, so that they’re afraid to walk around in public.
I have mixed feelings about measuring their wealth based on share prices because they couldn’t sell their shares without tanking the price, right? Elon didn’t actually increase his wealth; just the value of something that he has a shitton of went up.
We could also tank the value of his stocks by not buying or using his stupid shit!. For example, anyone angry that he is rich should definitely not be using Twitter.
“Eat the rich”… blah blah blah. Much easier to just protest the rich and take our money back by not giving it or our time to the rich in the first place.
They don’t need to sell to realize gains - they take out loans against the stock value from banks for almost no interest. If they choose to, they could get large amounts of that paper gain in liquid cash through just a handful of steps.
Much easier to just protest the rich and take our money back
That’s pretty much what eat the rich means lol
Difference is you think it can be done simply by not spending our money with them, when in reality, like others have pointed out, they’ve not only made that not matter (because they can get more money anyway), and left us no choice (we can’t all run off and live in the woods, and if we’re not spending our money on one billionaire’s products, we’re spending it on another’s), but they also have the police as their guard dogs, as well as governments who control militaries under their thumb, not to mention their own private militias and defences and bunkers and all that jazz.
So the only way it actually can be done (protesting the rich and getting our money back, that is), because they have left us no choice, is by force - ‘When the people shall have nothing more to eat, they will eat the rich’
I respect your opinion, but I worry that it’ll lead to violence, which doesn’t really solve anything.
It’s not an opinion, look around - the violence is already here, it has been inflicted on to the working class for centuries, killing hundreds of millions (at least, in all that time) for profit in war, with hunger and restricted access to water, with homelessness and poverty, with preventable disease, with climate change, with immoral laws and entire systems designed to keep large segments of the population as slave labour, which is what they used to gain their power and wealth to be in the position to impose all of this in the first place. And all that just off the top of my head, there is so much more violence that is inflicted on us daily, they’ve just got most people convinced that’s just life, when it really really isn’t. And those who actually benefit are never just going to give all of that up.
TL;DR:
And also obligatory MLK quote:
"I must confess that over the last few years I have been gravely disappointed with the white moderate. I have almost reached the regrettable conclusion that the Negro’s great stumbling block in the stride toward freedom is not the White Citizen’s Council-er or the Ku Klux Klanner, but the white moderate who is more devoted to “order” than to justice; who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice; who constantly says “I agree with you in the goal you seek, but I can’t agree with your methods of direct action;” who paternalistically feels he can set the timetable for another man’s freedom; who lives by the myth of time and who constantly advises the Negro to wait until a “more convenient season.”
Shallow understanding from people of goodwill is more frustrating than absolute misunderstanding from people of ill will. Lukewarm acceptance is much more bewildering than outright rejection."
I have mixed feelings about measuring their wealth based on share prices because they couldn’t sell their shares without tanking the price, right?
Technically this is true, but remember that the wealthy can borrow money backed up by their stocks, so no: they couldn’t sell those stocks without tanking the price, but yes: they have access to even more money because of this.
I think you’re exactly right. Social media is just the first thing we should be federating. Next should be farming, manufacturing, timber, construction, shipping, sales, and energy. If we crowdsource our solutions while using logic and algorithms to enforce quality control, we can exceed efficiency of the greedy ruling class and share profits among everyone who contributes so contributor ever faces starvation or living on the streets.
The billionaires can hoarde all the resources they want. If the masses stop contributing to their system, they will find that endless consumption is not as competitive as true justice and fairness.
lol but inflation is being caused by poor people demanding higher wages, right?
They could have instead made 852,000 new millionaires or 8.52 million people could have a cool $100,000 to save for retirement or pay off debt. But the rich get richer.
