• it_wasnt_arson
    link
    fedilink
    arrow-up
    1
    ·
    1 month ago

    The factories, offices, computing hardware, and construction equipment? He’s not the sole owner, but the point of all this is to cut out the money-juggling fluff of passing around ownership between different entities and make actual use of the real-world capital.

      • it_wasnt_arson
        link
        fedilink
        arrow-up
        1
        ·
        1 month ago

        I don’t know, someone said the manufacturing industry would “vaporize” if Elon stopped juggling his financial instruments. Wasn’t me.

        • krisevol@lemmus.org
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 month ago

          It would. If you tried to tax these bubbles it would pop instantly. The money didn’t exist, it’s all evaluations and when you try to realize the cash the reality sets in