The salary of @elonmusk is $0. His compensation plan is based on his performance which means his stocks only vest if certain milestones are achieved. He still works ~100hr per week to create a better future for humanity ...
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What many don't understand is net worth doesn't equal to liquid assets.
@elonmusk doesn't have billions of dollars laying around. In fact he uses TSLA shares to borrow loans to invest in his other companies38 replies 102 retweets 1,545 likesShow this thread -
If "tax the wealthy" happens (which it won't), then then
@elonmusk would need to sell billion dollars worth of Tesla shares. This would be awful for the stock price and could hurt a lot of retail shareholders.113 replies 97 retweets 1,616 likesShow this thread -
Replying to @PPathole
Exactly. Only time I sell Tesla stock is when my stock options are expiring & I have no choice. Btw, I will continue to pay income taxes in California proportionate to my time in state, which is & will be significant.
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Did you sell off mostly everything like you had mentioned to downsize your life and focus on Mars and making us multiplanetary?
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Replying to @leastImAlive @PPathole
Yeah, sold my houses, except for 1 in Bay Area that’s rented out for events. Working on sustainable energy for Earth with Tesla & protecting future of consciousness by making life multiplanetary with SpaceX. Also, AI risk mitigation with Neuralink & fixing traffic with Boring.
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i think you’re more or less doing the right thing given the system, but this system is basically causing undamped asset inflation and accumulation for the very wealthy and large monopolies / multinationals. don’t you think the system should be fairer, here?
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i mean, this inhibits early entrepreneurship and smaller companies... unchecked it can lead to a society where there is a lot of asset “wealth” but nothing much happens — stagnation. at least *you’re* putting your resources to work, but you’re pretty unusual in this...
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Replying to @DanielleFong @elonmusk and
not even the Fed can stop the Fed at this point trying to claw back some of the wealth might be psychologically satisfying but is basically futile
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