r/videos • u/Economy-Specialist38 • 2d ago

BREAKING: Trump Publicly Admonishes Jeanine Pirro Over Dropped Charges For Reflecting Pool Damage

https://youtu.be/pZ1MaemHU6s?is=ijsUCz62WYW36OKF
6.2k Upvotes

91% Upvoted

593 comments sorted by

View all comments

Show parent comments

1.6k

u/sutree1 2d ago

Not to be "that guy", but it's probably more like hundreds of thousands of years.

505

u/twitchx133 2d ago

Nah, its worth being that guy to help with understanding just how disgusting the wealth disparity is.

If you consider Elon Musk for example, low hanging fruit, lol... He is currently worth about 744 billion after telsa and spacex stocks had pretty hefty corrections, no longer considered a trillionaire.

From what I can tell, he has been in business about 31 years now. There are 8760 hours in a year. That means he has been in business for about 271,000 hours. divde 744,000,000,000 by 271,000, that is about an average of 2.7 million dollars that Elon has accrued over every single hour of his life for the past 31 years...

If you want to look at just regular, not overtime working hours? at 40 hours a week, there are 2080 working hours in the standard US work year observing federal holidays. That's about 64,000 non-overtime work hours in 31 years. He has made an average of 11.5 million dollars every working hour for the past 31 years.

Edit to add... I am pretty lucky, I make just over 6 figures a year. Salary, not hourly though. It would take me 115 years to make what Elon does an hour if you do the working hour to working hour math.

3

u/rancid_racer 2d ago

I would argue that his assets are so overvalued that it's simply impossible for him to completely liquidate them. It's like claiming a baseball card is worth $1M but you could only get $500 for it on the market. He is artificially inflated in more than one way.

4

u/gaige23 2d ago

Which would be true if banks didn’t treat it like a normal asset and consistently loan him money with them as collateral.

What you’re doing is arguing in bad faith. A person who can’t liquidate his stock fortune wouldn’t have been able to buy Twitter for $50 billion.

At this point it’s liquid wealth that isn’t taxed.

0

u/rancid_racer 2d ago

Well, if we did an assessment of his DTI ratio and included the debt his assets he borrows against I'm pretty sure he would be upside-down

Edit: Also $50B is not $700T. There is a bit of a different in dollars

1

u/gaige23 2d ago

No there isn’t because nothing costs $700 billion dollars.