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It will trickle down any second now

⁨877⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨HaiZhung@feddit.org⁩ to ⁨aboringdystopia@lemmy.world⁩

https://feddit.org/pictrs/image/1116beb6-6436-439c-9761-30ddc23a212f.jpeg

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  • potatoguy@lemmy.eco.br ⁨2⁩ ⁨days⁩ ago

    On Elon Musk, it’s funny because he never put a profit, like tesla isn’t the biggest, spacex either, X os draining money, his robotics shits are just that: shit.

    There isn’t much that he’s done, all of his companies are making less profits (or losing more money if i’m being correct), he is just a jake paul that fakes being a fake intelligent person.

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    • Th4tGuyII@fedia.io ⁨2⁩ ⁨days⁩ ago

      Yeah, its ironic. The richest man in the world doesn't have a single* truly profit-making venture under him.

      How the bubble around him hasn't burst yet I don't know, but it would certainly be a feast for sore eyes.

      *Edit: Forgot about SpaceX, which actually has made itself a decent chunk of money - about $15.5 billion in 2025 - but I doubt that alone is capable of propping up his nearly $500 billion personal valuation.

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      • asg101@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

        How the bubble around him hasn’t burst yet I don’t know

        Corporate welfare.

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    • Yondoza@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

      SpaceX has been phenomenally successful. I don’t think he can be attributed to much of that success. The Falcon 9 handled 95% of launches in 2024. SpaceX has went from non existant to a near monopoly in 23 years while competing against some of the most powerfully connected companies in the world.

      I’m not a SpaceX fanboy (I’m a space fanboy). They have done a lot of good for the space industry, while also causing a lot of harm to the scientific space community (earth based observations). I just don’t think you can make an argument that SpaceX is not a successful company.

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      • potatoguy@lemmy.eco.br ⁨2⁩ ⁨days⁩ ago

        I agree. Changed the text!

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    • bottleofchips@piefed.blahaj.zone ⁨2⁩ ⁨days⁩ ago

      Go home drunk, I’m too Dad

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    • TallonMetroid@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Apartheid-man’s basically a bubble unto himself.

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    • Clent@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

      only spacex is relatively successfull, but it’s not on the same level of half trillion dollars.

      Not exactly sure what you’re trying to say here but spacex has tentative plans to ipo at a 1.5 trillion valuation.

      Wallstreet is salivating over this because they know they get in first and will make bank when retail investor drive the price to ridiculous levels.

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      • potatoguy@lemmy.eco.br ⁨2⁩ ⁨days⁩ ago

        I’m saying that it isn’t so profitable to make anywhere near that amount of money in decades.

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    • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

      Gov gotta have their corporate frontman. Keeps their hands clean.

      Just like his paypal buddy, spinning the golden wool of palantir from the unwelcome rot of total information awareness.

      And now no pesky joe-public to get in the way, since it’s corporate, not public.

      They’re clever like that.

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  • Iheartcheese@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Three bullets could do so much for this country

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    • umbrella@lemmy.ml ⁨2⁩ ⁨days⁩ ago

      not really. they would justbe replaced.

      three bullets would feel good.

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      • bonsai@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

        Let’s keep ‘replacing’ them until the replacements end

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      • SCmSTR@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

        I’m okay with that.

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      • SkaveRat@discuss.tchncs.de ⁨2⁩ ⁨days⁩ ago

        We gotta start somewhere

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    • TheFermentalist@reddthat.com ⁨2⁩ ⁨days⁩ ago

      And they are so cheap!

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  • davidagain@lemmy.world ⁨2⁩ ⁨days⁩ ago

    The weird thing is that these people don’t think they’re rich enough and want to extract more money from government and the people, and they simultaneously think that the government gives too much money to poor people.

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    • DirtPuddleMisfortune@feddit.org ⁨2⁩ ⁨days⁩ ago

      They race to who will be the first trillionaire. It’s disgusting. Meanwhile children are starving.

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      • PrimeMinisterKeyes@leminal.space ⁨2⁩ ⁨days⁩ ago

        It’s bound to happen soon.
        And you know what they say, the difference between a trillion and a billion is about a trillion.

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      • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

        Surely someone’s already there, quietly, long time ago.

        … Who owns the debt?

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    • FateOfTheCrow@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

      To these people, there’s no such thing as “enough”. Contentment is not a concept that exists within their minds, only a sociopathic urge to acquire more.

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    • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

      Imagine how rich we’d all be if all the suppressed emancipatory technologies got availed to each and all. No more impoverishment by rents. Free energy. Negligible cost of travel. All space opened to us each and all.

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      • davidagain@lemmy.world ⁨2⁩ ⁨days⁩ ago

        No more impoverishment by rents.

        You’ve put your finger on it there.

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  • ComradeRachel@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

    Image

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    • yggstyle@lemmy.world ⁨2⁩ ⁨days⁩ ago

      The french really did have a solid way of reminding the upper crust that they were vastly outnumbered by the people they were standing upon…

      Remind me. Why are the worlds billionaires all building bunkers? A true mystery.

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  • leavemealone@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    Honestly stop being poor dudes, just ask your father for some millions to get started.

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    • TheFermentalist@reddthat.com ⁨2⁩ ⁨days⁩ ago

      Just a small multi million dollar loan, Dad

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    • plyth@feddit.org ⁨2⁩ ⁨days⁩ ago

      Ask for several thousand dollars and go to a third world country where people only earn hundreds per year. Turn those thousands into millions. Easy.

      Most Westerners can play Musk’s game in a third world country.

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  • RedGreenBlue@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    Any place that allows this to happen is a bad place.

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  • BoycottTwitter@lemmy.zip ⁨1⁩ ⁨day⁩ ago

    Vote out every single Republican or whatever right-wing/far-right party you have in your country. Shift the Overton window each time a seat gets flipped.

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    • sin_free_for_00_days@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

      And don’t forget to get rid of the Dems who have been there. Replace them with actual leftists.

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  • minorkeys@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Eat the rich.

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  • huppakee@piefed.social ⁨2⁩ ⁨days⁩ ago

    Damn, when I read this statistic the other day I took it as ‘the bottom half has less then the 3 richest persons’, but in fact, it is ‘three people each have more than the bottom half’ holy shit.

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  • Itdidnttrickledown@lemmy.world ⁨1⁩ ⁨day⁩ ago

    It never trickles down.

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  • Lushed_Lungfish@lemmy.ca ⁨2⁩ ⁨days⁩ ago

    As per, the only thing that trickles down is shit, vomit and piss.

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  • erusuoyera@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    People really should pay their bottoms more.

    (sorry)

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  • asg101@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

    Fuck trickle-down, time to implement the piñata economy.

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  • ChonkyLincoln@lemmy.zip ⁨1⁩ ⁨day⁩ ago

    We can of course fix this…just look at French history…

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    • sin_free_for_00_days@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

      In the past, the owners and/or aristocracy, lived in the general area of workers. Not the case anymore. I would love it if people started Luigi-ing aggressively.

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  • BarneyPiccolo@lemmy.today ⁨2⁩ ⁨days⁩ ago

    We already have Musk acting like his own personal country, making personal deals with world leaders that benefit only himself over other nations. Others are probably doing it, too, but we haven’t heard about it.

    Now these Sociopathic Oligarchs are heading to trillionaire status, and they WILL be founding their own Corporo-Nations, which will require private armies for security. Eventually, these Corporo-Mations will combine to form their own alliance, combine their armies, and start throwing their weight around militarily, as well as economically.

    This is all just a matter of time, and then we’re going to wonder as a planet, why we didn’t stop those guys back when we had a chance.

    I have no doubt at all that ALL of them violated many laws, in many sectors, to get as rich as they are. Investigate them deeply, prosecute them for their crimes, and confiscate their entire fortunes. If we don’t do that, it is absolutely certain that we will come to regret it.

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    • JordanZ@lemmy.world ⁨2⁩ ⁨days⁩ ago
      [deleted]
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      • ameancow@lemmy.world ⁨2⁩ ⁨days⁩ ago

        Not shown: the innumerable corporate wars fought to create and expand these borders.

        This is already happening guys, this IS going to be our medium-term future.

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      • BarneyPiccolo@lemmy.today ⁨2⁩ ⁨days⁩ ago

        Alien only demonstrates the penultimate world government organization, before they each Psychopathic Oligarch decides they have to be sole King of the World, and they go to war genociding each other, with only one left standing.

        Then it’s BuynLarge from Wall-E.

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    • Blackmist@feddit.uk ⁨2⁩ ⁨days⁩ ago

      The age of kings returns.

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  • GhostedIC@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    The bottom 50% of households have an average net worth of $629?

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    • DeICEAmerica@lemmy.world ⁨1⁩ ⁨day⁩ ago

      People who don’t own their homes, cars, etc have no net worth other than what’s in their savings. Most of us are living day to day. It’s not that hard to fathom.

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    • Maggoty@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Most of America cannot absorb a sudden expense of 400-1000 dollars.

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    • UltraMagnus@startrek.website ⁨1⁩ ⁨day⁩ ago

      Taking into consideration the large amount of credit card debt, student loans, mortgages, etc.? It’s plausible.

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  • CtrlAltDefeat@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    Now, I might be misreading this data, but from what it looks like either one of these billionaires by themselves have more wealth than the bottom 50% of Americans, right?

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    • SomeRandomNoob@discuss.tchncs.de ⁨2⁩ ⁨days⁩ ago

      More like one Billionaire own 5.6 times the wealth of the bottom 50%

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    • Dozzi92@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Yeah, this is phrased like those three just slightly edge out the bottom 50, as opposed to each individually owning significantly greater than the bottom 50. I’m going to assume these three own more than the “bottom” like 85%.

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  • barnaclebutt@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Don’t forget that shithead larry Ellison. He’s worth 200b right now.

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    • BarneyPiccolo@lemmy.today ⁨2⁩ ⁨days⁩ ago

      It’s hard to believe, but Ellison is worse than Musk. Musk is a lot like Trump, he wants love and respect, even though they are far too psychopathic to really understand what those things are, and they think that having money and acting tough will make people love and respect them.

      Ellison doesn’t seem to care about that. He’s a mean, cruel person, who seems to enjoy being that way, and like Fred Trump, he raised his son to be as much a psychopath as he is.

      Musk is dangerous, but he is too stupid and impulsive, and it blunts his impact. Ellison is far smarter, and far more effective. He’s not quite as rich as the rest, but at a certain level, who can really tell? It’s all just wretched excess after about $100 bill anyway. But even so, now that he owns CBS and Paramount, and is trying a poison pill takeover of Warner Discovery, he’ll be in the upper reaches very soon, jockeying for position at in the top rankings

      And I doubt he will stop at CBS/ Paramount and Warner. Larry Ellison is going to control a massive amount of the media in the this country, and he is a massive MAGA, of the worst kind. There are supposed to be government controlled limits on media ownership, but all rules are elastic under MAGA, and he’ll be allowed to own anything he wants. Don’t be surprised if he ends up owning all broadcast TV, and then he controls the narrative for all political campaigns, election results, news programs, debates, etc. No candidate gets promoted on TV unless MAGA allows it.

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      • ArtVandelay@lemmy.world ⁨2⁩ ⁨days⁩ ago

        So Larry Ellison is essentially Mr Potter from it’s wonderful Life

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    • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

      Don’t forget the bankers who do not appear on such rich lists.

      … How much did the Rothschilds have at the start of last century? Enough to own how many nations? Oh, maybe they just magically got poor since then, huh? XD

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  • Jankatarch@lemmy.world ⁨1⁩ ⁨day⁩ ago

    At first I thought it was combined. Not “individually each.”

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  • roserose56@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    USA at again, isn’t it? The country with trillion debt, that’s about to blow.

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    • 1984@lemmy.today ⁨2⁩ ⁨days⁩ ago

      It has always been a thing with America. The debt has been astronomical for many decades. I know its easy to believe its something new, but it really isnt. My entire life, America has been like this.

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    • ameancow@lemmy.world ⁨2⁩ ⁨days⁩ ago

      about to blow.

      about to

      It’s not. Speaking from decades of living under this, it’s always framed this way, but there are no international financial cops, there’s nobody with American held debt that dares try to collect, we are the biggest, bloated monster with the biggest, baddest bloated military.

      At the end of the day, the one with the biggest stick wins. Until that collapses, USA will continue to have an economic hegemony.

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  • nonentity@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

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  • DeICEAmerica@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Every 30 FUCKING HOURS, since Covid, another Billionaire is created. That number was halfed before 2020. It means that nearly 500 people became billionaires while pretending they needed to raise prices astronomically to stay solvent. They need to be tried and sentenced harshly. VERY harshly.

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  • undefined@lemmy.hogru.ch ⁨2⁩ ⁨days⁩ ago

    Every time I see these guys’ faces I cringe so hard. It’s frankly embarrassing working in the tech industry when most people think of them at the very mention of it.

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  • foggianism@lemmy.world ⁨2⁩ ⁨days⁩ ago

    “own more” is putting it lightly, they literally own 10 times more than bottom 170 mil people combined

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  • phil@lymme.dynv6.net ⁨1⁩ ⁨day⁩ ago

    The “money” used to buy bread is a very practical medium to exchange resources. These figures with too many digits are not real: that “money” is a result of sums of products of virtual values based on credit and speculation. The fact that the same symbol ($) is used for these two very different things sounds like a systemic bug.

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    • Maggoty@lemmy.world ⁨1⁩ ⁨day⁩ ago

      You say that but they can and do use that virtual value to buy bread.

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      • phil@lymme.dynv6.net ⁨16⁩ ⁨hours⁩ ago

        Sure they can buy bread, but here’s the catch: it’s like going to the bakery, asking for free bread with the promise that you’ll pay later because you can show 10 digit numbers, even if your pockets are actually empty. So these people practically live on credit because the market value would crash if they sell. At a macro level, 97 % of every dollar is actually debt (credit), mostly created by private banks to feed the system: econcurrents.com/…/where-does-us-money-come-from-….

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    • Soleos@lemmy.world ⁨1⁩ ⁨day⁩ ago

      True, but if Elon gave you $1 million in Tesla stock you could still easily sell it, be taxed on it, and use the remainder to buy a lot of bread.

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  • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

    It will trickle down any second now

    No, no. A little while yet.

    They’ve got to get enough to cover

    www.usdebtclock.org

    first. THEN it’ll trickle down. For super super sure.

    Trust them. Maybe they care.

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    • UnderpantsWeevil@lemmy.world ⁨2⁩ ⁨days⁩ ago

      They’ve got to get enough to cover

      Brother, those are treasuries. Nobody is trying to “pay back all the treasuries” except a dozen or so crank libertarianism obsessed with Free Banking.

      We’ve never missed a treasury payment in large part because we can’t miss a payment (unwillingly) when we print our own money.

      Anyone who claims we can’t pay back the National Debt is either ignorant or lying

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      • Digit@lemmy.wtf ⁨2⁩ ⁨days⁩ ago

        That was intended whimsically.

        But also,

        The FED’s federal in name only.

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    • WanderingThoughts@europe.pub ⁨2⁩ ⁨days⁩ ago

      The debt of the nations are the assets and income of the rich. They don’t want that to disappear. Not until they de-invested at least.

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  • shalafi@lemmy.world ⁨2⁩ ⁨days⁩ ago

    That’s not liquid money though. For each one, the figures mostly represent stock in their own companies which they couldn’t pull out without crashing the value. Musk’s wealth in particular is mostly air. At least the other two have profitable companies that actually function. In any case, much of it’s not real money we could pull out of the bank and spread around. (But we could tax the fucking snot out of them and spread that around!)

    But even if they were “only” worth a few 10’s of billions, the real issue is that they own the government. And Zuckerberg and Musk own a monster chunk of our social media, control our opinions.

    tl;dr: It’s not real money and the problem is influence, not total wealth.

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  • Sterile_Technique@lemmy.world ⁨2⁩ ⁨days⁩ ago

    If works like a piñata - if we beat it open with a club, only then will its contents trickle down.

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  • Oisteink@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Top two are richer than the 3rd + the 50%

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  • gezginorman@lemmy.ml ⁨2⁩ ⁨days⁩ ago

    money is a meaningless construct. Eat the rich.

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