Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq

  • SIGSEGV@waveform.social
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    1 year ago

    I have mixed feelings about measuring their wealth based on share prices because they couldn’t sell their shares without tanking the price, right? Elon didn’t actually increase his wealth; just the value of something that he has a shitton of went up.

    We could also tank the value of his stocks by not buying or using his stupid shit!. For example, anyone angry that he is rich should definitely not be using Twitter.

    “Eat the rich”… blah blah blah. Much easier to just protest the rich and take our money back by not giving it or our time to the rich in the first place.

    • nul@programming.dev
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      1 year ago

      I think you’re exactly right. Social media is just the first thing we should be federating. Next should be farming, manufacturing, timber, construction, shipping, sales, and energy. If we crowdsource our solutions while using logic and algorithms to enforce quality control, we can exceed efficiency of the greedy ruling class and share profits among everyone who contributes so contributor ever faces starvation or living on the streets.

      The billionaires can hoarde all the resources they want. If the masses stop contributing to their system, they will find that endless consumption is not as competitive as true justice and fairness.

      • SIGSEGV@waveform.social
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        1 year ago

        You should check out the book “Daemon” by Daniel Suarez (if you haven’t already). Based on your post, you’d probably like it a lot. There’s a sequel, too: “Freedom”.