• planish@sh.itjust.works
    ·
    10 months ago

    It's not though, right? Capital is stuff. Means of production. Land. Jet planes. Bridges. Sewing machines.

    Money is just tokens that certain people are using to allocate actual capital amongst themselves.

    • Sotuanduso@lemm.ee
      ·
      10 months ago

      Exactly. The three richest people in the world:

      Elon Musk. Net worth ~$248 billion.
      Owns ~13% of Tesla, which is worth ~$768 billion. That's ~$99 billion in his net worth.
      Owns ~48% of SpaceX, which is worth ~$150 billion. That's ~$72 billion in his net worth.
      That means at least ~$171 billion of his net worth is in companies, which is ~69% of his wealth.

      Bernard Arnault. Net worth ~$207 billion.
      Owns ~41% of LVMH, which is worth ~$422 billion. That's ~$175 billion in his net worth.
      That means at least ~85% of his wealth is in companies.

      Jeff Bezos. Net worth ~$161 billion.
      Owns ~10% of Amazon, which is worth ~$1430 billion. That's ~$143 billion in his net worth.
      That means at least ~89% of his wealth is in companies.

        • Sotuanduso@lemm.ee
          ·
          10 months ago

          Tesla probably has a lot more customers, and if memory serves, they also make money by deals with other car companies, where Tesla's lack of emissions offsets their excess of emissions for government regulations.

  • tree@lemmy.zip
    ·
    10 months ago

    I think you would be surprised at how much of it is in LLCs in Delware or trusts in South Dakota, there are plenty of tax loopholes domestically as well, most people under hundred-millionaire status are not doing panama papers type stuff

  • GarfieldYaoi [he/him]
    ·
    10 months ago

    I do not understand how grillman is completely ok with this, does he not know that when this happens....WE have to pay more of porky's taxes for him? This isn't just a tax revolt, it's literally footing the bill to us.

  • craftyindividual@lemm.ee
    ·
    10 months ago

    That country on the globe is the wrong way round.

    Also Florida is on the west and Alaska in the east for some reason :S

  • original_ish_name@lemm.ee
    ·
    10 months ago

    For the last time: the richest person in the world is not bill gates or elonmusk. The richest person in the world is some random drug lord