Hunger is a political problem, not a money problem. You can’t just say “here are X billion dollars, let’s end world hunger”. Having said that, the system that allows people like Musk to get that rich, is also the same system that creates hunger.
Here in the good ole USA money and politics are the same thing. If you have the political will, you can get the money and if you have the money, you can but the political will.
That said, didn’t Elmo have a beef with the fucking United Nations because he said he’d pay the 6 or 7 billion to end world hunger if the could prove that it’s possible and then they produced a detailed plan and he quibbled and but-akshually’ed his way to a reneg because he never intended to do jack shit for anyone other than himself?
I mean it’s all tied up in stocks and if he wanted to liquidate it, all he’d lose control over all his companies and the sudden sell off would collapse the company stocks and probably destroy the world economy.
except it was 1/6 of his worth (6.6b$) instead of half, and we he did nothing they left the plan public and called for wny other billionaires to do it.
And since you’re hearing about it here, guess who stepped up to do it?
What it would really take to end world hunger is massive systemic change that’s actually pretty straight-forward but is fought by every single person who loves a deaperate workforce and their insane conservative followers who believe that their greatest enemy is a hungry person.
We were talking about world hunger, but k. You’re obviously trying to pick a fight here on what was obviously not a concrete plan. I’m not sure if you noticed but I’m actually not an expert and don’t haven’t a 32 part plan on how to solve it. Instead pointing out the obvious fact that the man is worth more than the gdp of many nations and how none of that will go to help others, but please keep telling me how the idea of him helping is silly.
I get it I’m not expert as well. I’m just saying his stocks are over inflated in a bubble economy, and if you tried to extract any cash from this, the bubble pops and nothing if value can really be extracted.
Here is my thinking. Most of his stocks are trading at 350p/e. Most normal companies trade at 10. Give it a high end of 35, his real “wealth” is 100 billion, not 1 trillion. Or if the 100 billion he would owe 20 billion in taxes, and we know he still owes 40 billion on X. On the high end we can safely say he could extract 40 billion in cash “if” he didn’t owe money on other projects or loans. Realistically he would get a free billion.
The reason i say the high drop in p/e is because every speculative investor is investing in him, and not his stocks. And if he put in the required paperwork to sell all of his stocks, he would trigger a mass sell off from investors and the p/e would go to realistic values. The other reason is there isn’t enough liquidity in the market to support 1 trillion in sell off to support a zero crash anyways.
What was the figure? All it would take to end world hunger is 500 billion or something like that? Half one person’s weath?
What sort of person has that amount and decides not to end world hunger.
The same kind of person that steals a trillion from society in the first place
The same kind of person who ends government programs that help those hungry people, killing hundreds of thousands of them
Musk said he could do it with six billion.
Naturally, he didn’t even try.
Hunger is a political problem, not a money problem. You can’t just say “here are X billion dollars, let’s end world hunger”. Having said that, the system that allows people like Musk to get that rich, is also the same system that creates hunger.
Here in the good ole USA money and politics are the same thing. If you have the political will, you can get the money and if you have the money, you can but the political will.
That said, didn’t Elmo have a beef with the fucking United Nations because he said he’d pay the 6 or 7 billion to end world hunger if the could prove that it’s possible and then they produced a detailed plan and he quibbled and but-akshually’ed his way to a reneg because he never intended to do jack shit for anyone other than himself?
Probably, but if you started with 500B vs 0 I’m guessing one will have a better result.
In a capitalism-controlled world, political problems are money problems.
Not defending this worthless sack of shit but I’m certain he doesn’t actually have that much money
I mean it’s all tied up in stocks and if he wanted to liquidate it, all he’d lose control over all his companies and the sudden sell off would collapse the company stocks and probably destroy the world economy.
It looks very impressive on paper though.
He can take out loans using the made up money as collateral without ever paying taxes on it.
@snooggums I hate that.
Someone should dare Elon to do this.
They did.
in 2021
https://www.cnn.com/2021/11/18/tech/elon-musk-world-hunger-wfp-donation
https://mashable.com/article/elon-musk-solve-world-hunger
except it was 1/6 of his worth (6.6b$) instead of half, and we he did nothing they left the plan public and called for wny other billionaires to do it.
And since you’re hearing about it here, guess who stepped up to do it?
Somebody?
Somebody2152 perhaps?
What it would really take to end world hunger is massive systemic change that’s actually pretty straight-forward but is fought by every single person who loves a deaperate workforce and their insane conservative followers who believe that their greatest enemy is a hungry person.
It was $6B he offered
He didn’t have that much money. He has stocks, and stocks from companies that don’t turn a profit won’t solve world hunger.
Yes. Thank you. We’re all aware of that, but pretty sure he could sell even 10 billion a year and fix it.
California spends 1.5 billion already and hasn’t accomplished anything. You think 10 billion would fix homeless across the country?
We were talking about world hunger, but k. You’re obviously trying to pick a fight here on what was obviously not a concrete plan. I’m not sure if you noticed but I’m actually not an expert and don’t haven’t a 32 part plan on how to solve it. Instead pointing out the obvious fact that the man is worth more than the gdp of many nations and how none of that will go to help others, but please keep telling me how the idea of him helping is silly.
I get it I’m not expert as well. I’m just saying his stocks are over inflated in a bubble economy, and if you tried to extract any cash from this, the bubble pops and nothing if value can really be extracted.
Here is my thinking. Most of his stocks are trading at 350p/e. Most normal companies trade at 10. Give it a high end of 35, his real “wealth” is 100 billion, not 1 trillion. Or if the 100 billion he would owe 20 billion in taxes, and we know he still owes 40 billion on X. On the high end we can safely say he could extract 40 billion in cash “if” he didn’t owe money on other projects or loans. Realistically he would get a free billion.
The reason i say the high drop in p/e is because every speculative investor is investing in him, and not his stocks. And if he put in the required paperwork to sell all of his stocks, he would trigger a mass sell off from investors and the p/e would go to realistic values. The other reason is there isn’t enough liquidity in the market to support 1 trillion in sell off to support a zero crash anyways.