- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
You must log in or # to comment.
1 million seconds is 11.5 days.
1 billion seconds is 31.7 years.
1 trillion seconds is 31,688 years.
This is an affront to decency, morality, ethics, and humanity. It cannot be allowed.
Kneecapped at a minimum truly.
It fucking bullshit. They can say worth quillion dollars doesn’t make it fact.
That doesn’t stop him from borrowing real money from real banks using this supposedly imaginary stock value as collateral. I’m sure he’s more than happy for people to call it fake news while he buys yachts and islands and surrogate mothers with that money.
Congrats to all the cunts investing in a Nazi. Pieces of shit.
If you have a retirement account or an index fund you are one of those cunts
I’m too poor to have any kind of financial stability! Fuck me, right?
Not yet, the S&P backed off their fast-track and it won’t be able to go into their index funds for 90 days. But Tesla is already in there, so 🤷
Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)
Who even gives a shit at this point. It’s almost laughable. The stock market creates money from thin air without any sensible valuations anymore. Could be a decidillionaire at this point and nothing would change.
Governments should really find a way to tax unrealised gains. Then this fiesta would end quickly.
Governments should really find a way to tax unrealised gains. Then this fiesta would end quickly.
They already do for a lot of middle class people. They’re called property taxes and they’re reassessed regularly (usually up) based on change in market value and not realized gains. We need something like that for billionaires.
But you know, conservatives think taxing rich people is unpatriotic and stuff :>
My man, my stock market portfolio could go up when Trump tweets about a deal, get hit by a huge tax, then I won’t have the money to pay the tax when it turns out there’s no deal
Taxes can be variable depending on income, net worth, number of children, nipple circumference, or any other measure we decide to use. Don’t talk about them like you’re in the same category as Elon Musk because there are very few categories in which that is true.
But they never just pass a tax that only affects the wealthy. I ended up paying AMT one year because I had capital gains. I think that’s ridiculous because it was meant to affect only rich people and I had a one time windfall
Whatever interval for reevaluation is chosen, it’s not going to be daily.
Even once a year you can lose all your money between Dec 31st and April 15th
You know how you can put something on eBay for any amount of money? Of course it won’t sell if it’s priced too high, but the price can be set however.
Then people with random items go on eBay. They see their item priced at some exorbitant level and make the jump: “this thing is worth so much money!” Even though it isn’t worth that. It never sold for that. Someone just picked a number.
Starting to feel like this is how valuations work.
Except they can force you through retirement funds to buy it regardless.
At the start of trading maybe. But what about by market close?
No ideaFinancial 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 trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
This asshole deserves a trillion years in jail.
On today’s edition of Hoarders
I mean, that’s only like $60,000 an hour since the beginning of the roman republic.
That’s gross
This carrot here? Why I’ll let it go for 50 Billion dollars. Yup, I value that carrot at 50 Billion. I guess I’m a billionaire! Let’s ignore the smoke and mirrors and look at how many white south africans have emigrated to america under the trump/musk presidency recently.
That dipshit junkie hasn’t OD’d himself yet?
There are 20 billion $100 USD notes in circulation.
This motherfucker has half of them.
That’s not how spreadsheets work
In other news, the billionaire mind disease mutated today into the trillionarie mind disease.
