Elon Musk could transfer $1 million in stock to each of his 153,473 employees,
which would cost him $153 billion and he would still have a net worth of $302 billion!
He’d still be the richest man in the world and would still have $56 billion more than Jeff Bezos!And some of that money he has came from under-paying factory workers at his Fremont, California assembly plant. For a long time the hourly rate was $22 (not sure what it is now) but auto plants in the Midwest were paying that or better and he was paying $22 per hour in one of the highest cost of living areas in the country.
Elon is now worth more than Jeff Bezos and Bill Gates combined.
And some of that money he has came from under-paying factory workers at his Fremont, California assembly plant. For a long time the hourly rate was $22 (not sure what it is now) but auto plants in the Midwest were paying that or better and he was paying $22 per hour in one of the highest cost of living areas in the country.
All those employees were given stock options as part of their total compensation which those other auto factories did not give to everyone.
All the early floor workers would be multi millionaires if they kept their initial stock, not counting using the employee program to buy more at a discounted rate or further employee incentives.
Anyone who joined a little after the Model S was being sold and the early model 3 time up to around mid 2020 would have around a quarter million if they didn’t aquire any additional stock.
I wouldn’t be surprised if Tesla as a company created the most employee millionaires of any recent USA company due to giving every employee stock as part of their compensation.
Early SpaceX employees are in a similar boat, but it’s harder to get rid of their shares since it’s private so it’s harder to quantify it.
Tbf, if he transfered that stock, the price of it would crash as the employees sold it. He’d have to do some kind of slow transfer over several years.
All businesses should be worker or consumer cooperatives. Capital shouldn’t be divorced from stakeholders like in our current capitalist system, but rather socially owned by the direct stakeholders like in Mutualism.
Americans have historically been obsequiously subservient to the big man.
From Washington to Rockefeller to Bill Gates or Elon Musk, if you’re the richest man in the country people will practically worship you as a demigod rather than revolt at your presence.
We may say we love Jesus, but our real God is Mamon
Was curious what that term meant
https://en.wikipedia.org/wiki/Mammon?wprov=sfla1 for anyone else who was wondering :)
America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves. To quote the American humorist Kin Hubbard, ‘It ain’t no disgrace to be poor, but it might as well be.’ It is in fact a crime for an American to be poor, even though America is a nation of poor. Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor. They mock themselves and glorify their betters. The meanest eating or drinking establishment, owned by a man who is himself poor, is very likely to have a sign on its wall asking this cruel question: ‘if you’re so smart, why ain’t you rich?’ There will also be an American flag no larger than a child’s hand – glued to a lollipop stick and flying from the cash register.
Americans, like human beings everywhere, believe many things that are obviously untrue. Their most destructive untruth is that it is very easy for any American to make money. They will not acknowledge how in fact hard money is to come by, and, therefore, those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say Napoleonic times. Many novelties have come from America. The most startling of these, a thing without precedent, is a mass of undignified poor. They do not love one another because they do not love themselves.
Kurt Vonnegut
Rockefeller hid in his guarded home for years before he and Carnegie did their philanthropy PR stuff. Carnegie fled to England, and was putting out press releases that supported the Unions, while at the same time telling Frick to gun down the strikers. The gilded age was full of violence that created folk heroes to this day. Bonnie and Clyde, Billy the Kid, Pretty Boy George, Al Capone. These people were absolutely loved by the masses because they would destroy all the paper that said that old widow Johnson still owed on her mortgage. Bankers were beaten, hung, and shot for attempting to evict poor people.
We may have revered Washington, but since The Gilded Age, lots of us were taught by our grandparents and great grandparents that the greedy have no end to their greed, short of a bullet to the brain.
I have always said that so long as McDonalds has a hot burger for a few bucks on every street corner, there will not be a revolution in the US.
Rather than starving to death, we have an obesity epidemic along with an opiate epidemic, which prevents the revolution from getting up off the couch.
Not trying to claim a conspiracy here, just the way things are.
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McDonald’s is expensive now.
A double cheeseburger was a dollar a few years ago, sure. But it’s almost that much for a single nugget these days.
A hash brown is 3.50 at the one by my office.
Looked it up:
McDonald’s double cheeseburger hasn’t been a dollar for over 15 years (started in 2002, and in 2008, the McDouble replaced it, which had one fewer slice of cheese). And the McDouble itself stopped being a dollar in 2013, over a decade ago. Bit more than “a few years ago”–I think Covid screwed up everyone’s perception of time more than usual, lol.
That said, I get lunch at work several times a week at Wendy’s and always pay less than $5, not too bad all things considered imo.
Wendy’s is still a pretty good deal. A cup of chili and some nuggets ain’t a bad price.
McDonald’s charging $10-20 for shit-tier burgers in some of the US:

Ahhh so the Wall-E form of public control.
I can see it
Conspiracies happen in secret. There’s no hidden agenda, just the publicly-stated agenda.
Yeah, the gap between the wealthiest and everyone else literally does not matter at all, when it comes to ‘motivation for revolution’.
The overall level/amount/condition of poverty is what matters. And let’s be real, things are not nearly as bad in the US today as they were in France before the French Revolution. Not even close.
Fact is, if you magically bumped everyone up so that no one was making less than $75k a year, the wealth gap would be essentially identical to what it is now, because the gap between zero and 75k is nothing compared to the gap between 75k and hundreds of billions. But no one would be suffering in poverty, so would anyone care about the wealth gap, then? I seriously doubt it.
Great point!
Information control. Most people believe socialism is just taxes.
It’s less misinformation and more willing disbelief. People accept narratives that go along with what they believe supports that which benefits them. I highly recommend reading Masses, Elites, and Rebels: The Theory of “Brainwashing”.
The French people do not tolerate shit, the Americans on the hand will wallow in it and say work harder for less.
.
It’s one of the main reasons our owner class has sought to mock the French with “surrender” slurs and “freedom fries.”
They’d very much like the citizenry to forget Frances contribution to America and “western culture” over the last 200 years lest they get any ideas.
100%
In France, they set shit on fire at the drop of a hat. Can’t have that in 'Murica.
Oh we definitely set some shit in fire after watching how they lynched George Floyd
Looking at wealth distribution on a country-by-country basis is a mistake.
Take that US wealth distribution graph and then graph it with the rest of the world; the reason there’s no revolution becomes obvious.
please provide image
The “wealth distribution” theory of unrest is so thoroughly debunked its insane to see people who still think in these terms. Smh.
The revolution was about missed meals and lack of food. The US isn’t there yet.
I’m not sure I would characterize it that way. It was a bourgeois revolution, lead by the bourgeoisie, who were not starving. Same with the American Revolution. These were revolutions lead by & funded by people who owned the means of production.
yes but have you considered that in nk they have no food and push the trains? (source: CIA) instead of all this radical talk i think we should VOTE harder, especially for progressive like bernie and aoc
Careful, bub, there are people lurking who think this quite seriously
You don’t? Tankie detected 😠
Gasp! My clever disguise has been sundered!
It’s simple, fractions of the populace(both sides) are actually in a cult, they do what the cult says, they ignore anyone outside the cult if they go against their cults leadership, and they vote with how the cult tells them to vote. The country is not statistically a cult nation, but the cults know if they can get 1/8th of the populace to do what they say, it takes at least 1/8th of the populace to stand against them, and we don’t have a leader, or even a coalition standing against them… It’s just 1/8th of the populace crazy out of their minds voting their cults desires into reality, and it’s happening with multiple groups, it’s not even half the total population, but when approximately only half the voters actually vote, it doesn’t take much to get control.
Despite the current wealth inequality a good number of people are still living decently enough.
I’m waiting to see what happens when Trump starts putting his taxes in place. When people are miserable enough they’ll take to the streets and protest. If we reach a breaking point where living conditions completely break down and there still aren’t protests then it may as well be over for democracy.
Yeah there is no single explanation for revolution. Looking strictly to wealth distribution is reductionistic at best. I mean, wealth distribution was arguably better in the U.S. in the 1860s than it was in the prelude to Revolutionary France and yet we had a Civil War lmfao. There are endless examples that disprove this rule. The reality is: popular unrest is extremely complicated, and the factors that lead up to it are varied with fluctuating levels of influence at different stages of development. Sure, perception of wealth is a key component… but its hardly an explainer.
As if the US is currently a Democracy
As if there is really a democracy left anywhere. We’re going back to fiefdom baby!
Never has been
America is a frog getting slowly heated in a pot of water. The only hope is to turn up the heat fast enough and high enough that the frog jumps out of the pot before it gets cooked
The top 10% have 70.7% of wealth in the US currently (from the federal reserve website)
I mean…there was an attempt. The chronically online seem to think a revolution in the USA would be socialist, but these are Americans we’re talking about. Its either be back to 1800s style libertarian ethics or fascism, corporatism, something like that, decimating government power not increasing it.
Maybe. There was occupy wall street and an assassinated CEO this last week though
partially because total wealth is much higher?
This is overall distribution by percentage, so aggregate total represented wouldn’t have an impact. If it were to have an impact, I think we’d have hoped it would mean the slope was more even.
They let us eat cake.














