- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Elon Musk becomes the world's first trillionaire with SpaceX's IPO
Posted on 6/12/26 at 9:06 am to FliesByNight
Posted on 6/12/26 at 9:06 am to FliesByNight
quote:
What does that even mean?
That NED is the country with the smallest GDP in the trillions, I reckon, and there are a few countries in the club between them and the country with the largest GDP, the US.
0
Posted on 6/12/26 at 9:07 am to Byron Bojangles III
His taxes can fund your disability payments
Posted on 6/12/26 at 9:07 am to AtlantaLSUfan
quote:
The Rothschild’s dogs are richer than Musk
The Rothschild family's collective wealth is vastly overestimated.
The wealth is spread across multiple descendants, and a lot of it has been squandered away. It is estimated that James Rothschild is the wealthiest descendant and is worth roughly $5 billion on the high end.
It's not concentrated wealth like Elon's, but even if it was, it is estimated to be about $400 billlion. The Walton family wealth is estimated to be about $500 billion, so the Waltons are wealthier than the Rothschilds at this point.
Now, if you had said the same about some Saudi prince, then that would be a more valid argument.
Posted on 6/12/26 at 9:08 am to Byron Bojangles III
quote:
When someone can live off billions in loans backed by that stock and never sell, the tax system allows them to enjoy their wealth without paying taxes like ordinary workers do
Serious question, can you tell me how that setup works? I get using your owned assets as collateral, but at some point those loans need to be paid off. How are they paid off? What money is used to do so? And if it cash, then why would they need to take out loans in the first place?
Posted on 6/12/26 at 9:08 am to NIH
I saw something pretty crazy the other day, if Elon Musk gave everyone on earth a million dollars he would still be a billionaire
Makes you think
Makes you think
Posted on 6/12/26 at 9:08 am to RLDSC FAN
Good for him. Dude has worked like a trillionaire for 30 years. Not sure he sleeps or does anything but work.
Posted on 6/12/26 at 9:09 am to Darth_Vader
quote:wait until the IPO tanks y'alls 401k index funds
Can one of the OT moderates help me understand why I should hate Elon Musk for being a trillionaire. Did he go into my bank accounts and steal money from them to gather his wealth? How does his financial situation affect mine?
Posted on 6/12/26 at 9:09 am to Bert Macklin FBI
quote:
trillionaire could give everyone a $1M and solve all the words problems. Because all the scholars out there would definitely use the money wisely and not buy a bunch of BS and be broke within a calendar year.
+1 it really blows my mind that we don't teach financial literacy at a young age.
Posted on 6/12/26 at 9:10 am to AtlantaLSUfan
quote:
The Rothschild’s dogs are richer than Musk
Y’all really, really, really don’t understand what Musk and SpaceX have done
He’s not Rothschild rich; he’s outpaced them
He’s “huge corporation in a sci-fi novel” rich
Posted on 6/12/26 at 9:11 am to RLDSC FAN
Elon Musk is the greatest visionary that has lived on planet earth in at least the last century plus. Possibly more. If you read Walter Issacson's book on him, you learn just how willing he was to put everything at risk for the things he deems important. When he sold Paypal and then invested in Tesla and SpaceX, he put everything on the line. The launches he was doing down in the Kwaj islands in the early 2000's were like - all of his money. He had enough for a few more and he had this "I made money before, if I lose it all I will just make more money again". Who would do this? Oil barons make billions and then just sit on it. They buy football teams. They buy the Dallas Mavs. shite like that. They don't do anything worthwhile with the money. They buy yachts. They become just worthless money hoarders.
There is literally no single other person in the universe I'd trust more with a trillion dollars.
What an exciting day.
There is literally no single other person in the universe I'd trust more with a trillion dollars.
What an exciting day.
Posted on 6/12/26 at 9:11 am to Byron Bojangles III
quote:
When someone can live off billions in loans backed by that stock and never sell, the tax system allows them to enjoy their wealth without paying taxes like ordinary workers do. I think that should change.
What people like you never look at is all of the other taxes that are created and paid by him as well as the downstream taxes.
You guys also never look at the wealth people like Elon create for other people. Cafeteria workers became millionaires today thanks to Elon. The guy who painted murals for Facebook became a millionaire long ago, thanks to Zuck.
Start taxing these people to death and you will actually generate less downstream taxes and wealth.
Your line of reasoning is so short-sighted
Posted on 6/12/26 at 9:11 am to RLDSC FAN
Just a reminder:
A million seconds is about 11.6 days.
A billion seconds is about 31.7 years.
A trillion seconds is about 31,688 years.
A million seconds is about 11.6 days.
A billion seconds is about 31.7 years.
A trillion seconds is about 31,688 years.
Posted on 6/12/26 at 9:11 am to Darth_Vader
quote:
Can one of the OT moderates help me understand why I should hate Elon Musk for being a trillionaire.
quote:
It is the Communists' intention to make people think that personal success is somehow achieved at the expense of others and that every successful man has hurt somebody by becoming successful. It is the Communists' aim to discourage all personal effort and to drive men into a hopeless, dispirited, gray herd of robots who have lost all personal ambition, who are easy to rule, willing to obey and willing to exist in selfless servitude to the State.
Posted on 6/12/26 at 9:12 am to Byron Bojangles III
quote:
Byron Bojangles III
quote:
wait until the IPO tanks y'alls 401k index funds
Bow out, you’re struggling
Posted on 6/12/26 at 9:12 am to stout
quote:
The Rothschild family's collective wealth is vastly overestimated.
The wealth is spread across multiple descendants, and a lot of it has been squandered away. It is estimated that James Rothschild is the wealthiest descendant and is worth roughly $5 billion on the high end.
It's not concentrated wealth like Elon's, but even if it was, it is estimated to be about $400 billlion. The Walton family wealth is estimated to be about $500 billion, so the Waltons are wealthier than the Rothschilds at this point.
Now, if you had said the same about some Saudi prince, then that would be a more valid argument.
CT types just make shite up
Posted on 6/12/26 at 9:13 am to Chucktown_Badger
quote:
Serious question, can you tell me how that setup works?
It's called the Buy, Borrow, Die method.
Jeff Bezos has perfected it.
This post was edited on 6/12/26 at 9:31 am
Posted on 6/12/26 at 9:13 am to RLDSC FAN
quote:
+1 it really blows my mind that we don't teach financial literacy at a young age.
Same here. At this point, that has to be intentional, right?
Posted on 6/12/26 at 9:14 am to stout
quote:
What people like you never look at is all of the other taxes that are created and paid by him as well as the downstream taxes.
Bingo, without him, his vision, and the risks and sacrifices, there would be zero tax revenue generated. Instead you have the billions of dollars in taxes his companies have paid, and the billions he and his employees have paid. Without him, zero. Oh, and society gets the benefits of his creations (and before anyone says it, if they weren't benefitting society, he wouldn't be a trillionaire today...he'd be bankrupt).
This post was edited on 6/12/26 at 9:16 am
Posted on 6/12/26 at 9:16 am to stout
The Rotschilds are mentioned in the Epstein Files 12,000 times.
The Rothschilds still have power, even if they are now competing with newer money like Musk, Zuckerberg, Soros, Bezos, Walton family, Gates, etc.
The Rothschilds still have power, even if they are now competing with newer money like Musk, Zuckerberg, Soros, Bezos, Walton family, Gates, etc.
This post was edited on 6/12/26 at 9:17 am
Posted on 6/12/26 at 9:16 am to SlowFlowPro
quote:
CT types just make shite up
Still thinking the Rothschilds are the wealthiest family in the world, when they haven't created anything in modern times, is silly to me. All of the descendants haven't had to work or create anything so no growth has happened, and the family has been stagnated for a long time. Expecting their wealth to keep up with modern times at the pace that tech creates billionaires and now trillionaires is dumb
This post was edited on 6/12/26 at 9:32 am
Page 2 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News