So as a CEO, Elon might typically be paid $10 million or so. That's about the market price of a good CEO, a Fortune 500 CEO makes like $25 million.
That itself is GARGANTUAN, that is saying a CEO is basically 1000 times more productive in his labor than an average professional.
But bllions? BILLIONS?
Like, Elon could spend $10 million every year of his life, and he wouldn't run out of money for 50,000 years. That's longer than all of human civilization, that's like when homo sapiens left Africa.
Are we asserting that Elon's drug addicted ass is millions of times more productive than the average person? He obviously isn't.
This wealth of his comes from the stock market. There's some fuckery going on with the way the market works that allows these vast fortunes disconnected from any real-world value creation.
Sure Elon has created lots of value....but not THAT much value.
If you look at the situation with a fine lens, I think the answer is these closed-door meetings that startups do with these investors, which gets them ground-floor opportunities. That's really the issue.
If the general public, or investors at large, had an equal opportunity to invest in these startups, things would be way more balanced.
That's why I think this new system I described would be more fair:
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