Oracle co-founder’s shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk’s $384bn
Well, at least Oracle is definitely a better place to work at than most of Muskie's galleys (except maybe those fictional companies like Hyperloop, that were never supposed to deliver anything except 3d renders in the first place).
wesker@lemmy.sdf.org 1 day ago
Imagine all the good that could be done by redistributing all the wealth of just 2 people.
XeroxCool@lemmy.world 1 day ago
But like, you can’t just delete someone’s wealth, because they can’t just rebuild an empire from scratch. These self-made billionaires are so strapped for cash, charitably speaking, because they need the capital to fund future charitable investments. Don’t you want to get a trickle of charity more than once? That’s why they can only donate like 10mil a year. Also partly because humans are really bad at estimating the difference between 10mil and 400bil. It’s like a factor of 40. They’ll be drained of wealth after 40 years at 10mil a year.
Oh wait. Hold on. 40 years… 10 mil/year… So 400 million… If we froze their wealth of ~390bil, by the end of this scheme, they’d have… ~390,000,000,000- 400,000,000 =~389.6bil.
OK nevermind fuckem
Amoxtli@thelemmy.club 1 day ago
It would be wasted very fast.
SendMePhotos@lemmy.world 1 day ago
Student loan debt?
XeroxCool@lemmy.world 1 day ago
No, it’d take at least a 3rd heinously rich guy to wipe the 1.8tril USD student loan debt. Don’t be ridiculous, 2 can’t pull it off.