@mxtthxw @speckmantel @fraying Money has a gravitational effect. Once you get past a certain point, you can't get rid of it faster than it accumulates. Musk is the perfect example, he's been recognized as a lousy manager since he got fired as CEO of PayPal, but his mass of money became so huge it just dragged more and more in, the tax dodges prevented it from being depleted, and no stupid move he has made has been sufficient to slow the accumulation.
@jhavok It didn't, though. His bank accounts are notoriously unable to pay for the things he gets himself into.
Remember the whole drama around financing the Twitter purchase?
Because his money didn't accumulate the way you say here.
It's funny that one day people will make fun of the guy for not having money and then the next day complained that he has so much money.
No, that's not really how money works in a modern society.
@volkris @mxtthxw @speckmantel @fraying Twitter is worth less than he paid for it, but somehow Musk is the richest man in the world. Tesla is down significantly too. Seems to be some gravity at work there.
@jhavok keep in mind that Musk didn't really pay for Twitter. He didn't have that kind of cash, so he had to tap a bunch of others to go in with him to buy the site.
And that's a great example of how these claims about him being the richest man in the world are based on some sketchy accounting that misleads a lot of people about the whole topic. But it makes for sensational stories and it feeds the myth so the claims get promoted even though they're not quite right.
So again, not gravity, it's just that the stories about his wealth are overblown.
