>

I think you would upset the bootlickers more than the super rich if you started heavily taxing the super rich. There are far too many temporarily embarrassed millionaires in the world, who fawn over rich people and like to watch how they flaunt their riches. They will always come to defend them. And as usual they are out here defending their superiors against those who dare critisize them.
I lost a $20 bill last week and I'm still pissed. >

I got upset just reading this >

I just checked my wallet to make sure that all of my cash was still there >

You guys have wallets? >

I keep my pebbles in an old stray dog's scrotum I found in ~~my house~~ a dumpster once. >

Wait you have a dumpster? That’s not fair, I’m living in a cardboard box and the rent is outrageous >

Uhh, this park bench >

My God, I WISH I had a park bench, I've been living out of an old shoe behind the manure factory for weeks >

Luxury. I'm currently living in a lake full of industrial chemicals and sewage from the wastewater plant. And I don't even have any cool mutations, just a deep, unsettling, rattling cough and an interesting collection of skin diseases. >

you have SKIN!? must be nice... >

Let's see how big of a record he can set! Call Guinness! >

if Elon Musks losses since buying twitter were a person, they'd be the wealthiest person on the planet. think about that one. >

Almost like none of that money actually existed in the first place. >

Man are you gonna be shocked when you learn how banks work >

So if I lend you $50 and you owe me $75 back over the next 10 years then I actually have $75 and can take a loan out on that $75. 
Now I have $75 I can lend out so I lend someone else that $75 and in exchange they have to pay me $100. Now I have $100 I can take a loan out on. 
So I get that $100 loan and I lend that money out to a third person for $125. Now I have the ability to get a $125 loan!
I had $50, and I can lend out $350 to 4 people. 
And I can do this forever since the person I'm getting the loans from for myself can just make more money to give me!
And where did I get the original $50? Someone else just gave it to me for free to hold onto for them! And since I'm getting so much back in loan payments I can pay both the person that is giving me loans and the original person that let me borrow the $50 since neither want any interest on their money! it's so easy! All I have to do is not lend money out to people who won't pay me back... but wait! the person lending me money will promise that if things go horribly wrong they will just give me more money! >


So if I lend you $50 and you owe me $75 back over the next 10 years then I actually have $75 and can take a loan out on that $75. 
Now I have $75 I can lend out so I lend someone else that $75 and in exchange they have to pay me $100. Now I have $100 I can take a loan out on.

That's not how it works. Your simple example falls apart because you don't have $75 unless you wait 10 years.
What really happens is this:


The debtor spends your $50


The seller deposits the money in their bank


That bank loans out the $50 again


So the money doesn't really go anywhere. It never leaves the banking system. It just transfers to another bank. >

Lose $200 Billion so far >

Getting the record is only half of the battle, now he needs to protect it.
But I don't see him shutting up any time soon so I'm sure he's still in the game losing more every day. >

Come join the Metaverse!
-Zuck, probably >

Frankly, I wish he’d bought and killed all things Zuck instead of Twitter >

Zuckerberg's doing a pretty good job of killing Facebook on his own. It may not be as rapidly or publicly stupid as Musk, but they've already lost $650 billion in market value since rebranding Meta. >

What is the ratio compared to the general stock market since everything is down? >

Meta is down 64.5% this year, while it looks like the Dow is down 9%, S&P about 20%, and average return in investments overall about 20% as well. >

Admittedly, big tech has really eaten shit across the board. >

Oh, absolutely, but there's no way anyone can say the direction Zuck is leading Meta in is a good one. >

Wow, I figured it would be lower, I didn't think it would be THAT much! >

Did he try retracing his steps? >

Where was the last place he saw the $200 billion? >

Is this a finders keepers situation? >

I won't publicly express an opinion, but I'm going through the pockets of all the clothing items in my local Goodwill as we speak.  Or type.  Or whatever. >

Becoming the first person to fly directly into the sun is another first that's up for grabs. >

Ready the gravitational slingshot! >

"COOP WE ARE GOING TO LOSE 60 YEARS TO THIS"
paraphrase >

"This little maneuvers gonna to cost us 60 years" is I think the quote but not 100% >

"This little maneuvers gonna cost us 51 years"
I looked it up. >

Nice thanks >

We did it! >

And his lifestyle will not change one iota, consider that. >

The article also says this:

His fortune peaked at $340 billion on Nov. 4, 2021

Losing $200 billion sucks, no doubt about that... But A) it's pReTeNd mONeY, and B) he's still fucking loaded and still one of the richest people in the world. Losing $200b doesn't hit so hard when you're starting at $340b.
Even if you had $201b, you're still a billionaire, you still have more money than the VAST majority of people could ever dream of. That's how goddamn fucking rich these assholes are. >

if he would lose 99% of his money, and then would lose 99% of THAT money he would still have 20 million. funny how that works huh. >

Jfc I'm in my mid twenties and even with 20 million I'd never have to work again on. That's wild >

The average American can live pretty well off 2mil simply off the dividends. >

That's my dream right there. Like, it's wild to think that's like tossing a homeless person a QUARTER to these people, and it would still never happen. I have a wife with a disease we can't treat, she's without insurance, we'll never own a home, my car just got rear-ended, I work as a teacher in TEXAS so yeah that's going nowhere, we'll never be able to afford a home, our savings go up like $1-200 a paycheck depending if it's a grocery run that involves things like laundry detergent, we're one mishap from financial ruin like almost EVERYONE else in the country/world and 2 million would literally save our lives and support us until elderly age, not that our lack of having healthcare forever would even allow us to live to elderly but.. 
A quarter. Rich people could toss us a quarter in the grand scheme of their lives and not miss a beat. It's nuts. >

Yep and they could help so many people  by sharing but all they care about is their high score. They are dragons sitting on massive piles of wealth. Evil sociopaths every one