most of that ‘hundreds of billions’ isn’t going to go towards the tech or infrastructure, it’s gonna go to people. a very small number of specific individuals.
hell, i could live my ‘best’ life off of musk’s ‘sofa cushion’ money:
$2.5m is more than enough for me to live on just using investment proceeds–in perpetuity.
$2.5m to him (with ~ $436b) is the equivalent of fifty-seven cents to someone with $100k (in the bank, investments, retirement, home equity, etc). now, i don’t have $100k, not even close. just using it as an example here. my equivalent would be more like half a cent.
most of that ‘hundreds of billions’ isn’t going to go towards the tech or infrastructure, it’s gonna go to people. a very small number of specific individuals.
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Incorrect. They can already do that without more money.
correct.
hell, i could live my ‘best’ life off of musk’s ‘sofa cushion’ money:
$2.5m is more than enough for me to live on just using investment proceeds–in perpetuity.
$2.5m to him (with ~ $436b) is the equivalent of fifty-seven cents to someone with $100k (in the bank, investments, retirement, home equity, etc). now, i don’t have $100k, not even close. just using it as an example here. my equivalent would be more like half a cent.
They’re mentally ill IMO. Like that old person hoarding vacuum cleaners, diapers, dogfood, etc.
The most infuriating thing is that for them it’s just a number, for society it stifles innovation and wellbeing.
But then none of them will get to claim that he’s the first trillionaire.
Project Stargate is funded via private investment, the US hasn’t pledged any money
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Sure but a 68.4 million tax break is nothing compared to the hundreds of billions pledged privately
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https://en.m.wikipedia.org/wiki/The_Stargate_Project
??? 500 billion pledged privately
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Well, I suspect that most of the money will be used to acquire or costume natural resources, like water and power.
Individuals become enriched because their share holdings are worth more.