Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.
Tesla outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: “Yes, you read that correctly.”
Musk, the company said, will have to increase the value of Tesla from just over $1tn now to $8.5tn over 10 years.
If he presides over growth on that scale, the 54-year-old will receive new shares that would push his stake in the company from nearly 16% to well beyond 25%, increasing the fortunes of the world’s richest man to more than $2tn.
Ttillionaires must be prohibited
There is nothing anyone can say to make ttillionaires okay. There is no human right to be on either. Being a trillionaire is being world worst hoarder and you are actively working on making the world bad.
Billionaires must be prohibited
There is nothing anyone can say to make billionaires okay. There is no human right to be on either. Being a billionaire is being world worst hoarder and you are actively working on making the world bad.
Millionaires? Up to a very limited level. Nobody should be allowed to have a networth of more than say 20 million dollars.
Why should anyone be allowed to have a networth of more than 20 million? Because they got lucky? Fuck that. Because they work hard? Almost everyone works hard, the poor definitely work harder. Because they’re smart? Scientists are smart and they’re brainpower per dollar paid the worst in the world.
Anything you are worth over 20 million should be taxed at 100% until you’re comfortably under that 20 million line
It should be like light speed, the closure you get the more you are taxed so you can never reach a certain threshold.
That is, sort of, what I meant, yes. Taxes gradually go up, and at the max line there is just 100%.
There is no reason why to allow anyone to go over that.
Totally agree!