• DankZedong @lemmygrad.ml
    link
    fedilink
    arrow-up
    42
    ·
    1 year ago

    Anyday now it will trickle down. We just need to go through one more round of budget cuts in the healthcare and education sector and then we’ll probably be fine.

  • ME5SENGER_24@lemm.ee
    link
    fedilink
    English
    arrow-up
    23
    ·
    1 year ago

    Maybe its cause I’ll never be a billionaire that I don’t understand it. But can anyone ELI5 what you could possibly do with that much money except to give it all away or pass it along to your next of kin when you die? It’s physically impossible to spend all that money, right?

    • scoredseqrica@lemmy.ml
      link
      fedilink
      arrow-up
      27
      ·
      1 year ago

      It’s a score. It’s how well you do at capitalism. Number goes up, you did good. It’s not a practical thing. Even at 1bn they had enough to set them, their kids and their grandkids up for life. It’s all about the bragging rights.

      • Parsani [love/loves, comrade/them]@hexbear.net
        link
        fedilink
        English
        arrow-up
        22
        ·
        1 year ago

        Even at 1bn they had enough to set them, their kids and their grandkids up for life.

        It’s enough to set up the rest of your family for life forever via passive income (unless one of your fail children spend it all which is always possible)

      • li10@feddit.uk
        link
        fedilink
        English
        arrow-up
        13
        ·
        1 year ago

        Exactly.

        You could remove a 0 from their net worth and they’d still act exactly the same, because it’s not about the number, it’s about having the most. There is no finish line.

    • Blinky_katt@lemmygrad.ml
      link
      fedilink
      arrow-up
      13
      ·
      edit-2
      1 year ago

      At that point of wealth you aren’t thinking about spending money as an individual, or even an individual family (even including hangers on and staff). You are essentially a representative of a power that parallels governments, with worldwide reach, and will think along those lines. You want to implement worldwide policies, dictate the tides of capitalism, play with your own regime change politics, break the barriers of old age, gene manipulation, and get the process started on astro-mining and colonizing Mars.

    • RedClouds@lemmygrad.ml
      link
      fedilink
      arrow-up
      13
      ·
      edit-2
      1 year ago

      https://youtu.be/7ApjSrB6E1c

      You use your money to influence politics so that you can make more money so you can influence politics better so you can make more money faster.

      Whoever has more money has more power… Too make more money lol.

    • UlyssesT [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      10
      ·
      1 year ago

      except to give it all away or pass it along to your next of kin when you die

      That’s the neat part. They’re gambling on living forever. think-mark

    • Shrike502@lemmygrad.ml
      link
      fedilink
      arrow-up
      10
      arrow-down
      1
      ·
      1 year ago

      You could indulge your minute desires. You don’t just buy s cool car. You buy a new cool car every month, or whenever you see one you like. Houses, jets, yachts. Whatever you want, you can simply get. Like a capricious toddler, throwing a tantrum. It’s also why several of those bastards are aiming at the space (besides wanting those sweet airspace contracts).

  • Rom [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    20
    ·
    1 year ago

    How old is this? I was under the impression that big brain Musk lost a whole bunch of money after he tanked Twitter.

    • Efwis@lemmy.zip
      link
      fedilink
      English
      arrow-up
      15
      ·
      1 year ago

      Looks like that is a 2021 report but not sure. I know Forbes runs this every year and the current graphic compares to 2020

        • Efwis@lemmy.zip
          link
          fedilink
          English
          arrow-up
          4
          ·
          1 year ago

          I’m actually lmao at the fact that Donald trump is no longer on the list anymore. Now the truth comes out why he is asking all his followers for donations to cover his legal defenses for all his fraudulent activities.

  • RedSquid@lemmygrad.ml
    link
    fedilink
    arrow-up
    10
    ·
    1 year ago

    Hmm, anyone remember what the title of the first Metallica album was? I feel like it’s relevant to these gentlemen.

  • SouthEndSunset@lemm.ee
    link
    fedilink
    arrow-up
    6
    ·
    1 year ago

    I found this embarrassing til I realised that it was Forbes, who will be making it out to be a good thing.