And the Tesla stock is still massively overinflated.
Sigh, Trump will just pump tax payer money into them during the recession…
Almost 50% of a company’s worth gone in 2 months. Tesla really is leading the race.
Short term losses let’s see how they fare in the long run since it seems we are blazing the way into a cyberpunk future.
Now that you mention it this infographic would look right at home in any dystopia movie.
Ahw yes. Bleed those fuckers dry.
I fear this will only be temporary. I really hope this trend continues.
Touching grass isn’t enough. I need bad things to happen to evil men in power.
Data is ugly: this does not contextualize gains made in the tail end of the election and upto the inauguration. This miscommunicates the harm done to them. The economical harm must grow.
Basically there was a completely un justified bubble in the past few months, driving it up to double what it was worth for years.
Seriously, TSLA is still at the same level as it was on November 5.
I look at this and all I can think is “we can do better”.
and we will. we just started
The world does not need (should not have) billionaires. When you have a couple of millions, it’s enough to last you a lifetime.
In which fairy tale world do you live that a couple of millions is enough to last a lifetime? Can’t even buy a house here with a couple of mil… And then you’re forgetting about the inflation. A couple of mil is nothing.
Is most of the world a fairy tale to you?
Can someone do the math if 2 million is enough to live comfortably? (per adult in the family)
In most places you can buy a house for half a mil, and just put the trest in stocks and pull a monthly salary
There’s a rule of 4%, meaning that you should not withdraw more than 4% of your investments per year to keep the ball rolling. To cover the US average salary you have to have $1.65m invested. Good luck finding a house for $450k and living without medical insurance.
If you want to have insurance, then your 4% minimum rises up to $1.875m. And I really don’t think you can buy any house for $125k…
The problem with people who think that $1-2m is enough is that they were born in the 1980-s or something when $1m was a lot of money. But inflation is a thing and that money is not enough anymore. If you ask me, $10m is a bare minimum today to be set for life and not to worry about finances ever.
Good luck finding a house for $450k and living without medical insurance.
I have to say, thats still a large swath of the US. Also depending on the interest rate, it could be better to have the mortgage rather than bought outright.
I also know a few folks who do just enough work to get medical insurance, and they really enjoy it that way. They have enough from their investments, and the ~30hr/wk they work is enough to get medical, dental, and vision. One works a horse stable, another worked at Starbucks for a while (when it still seemed like a decent company). At that point, there was enough return from investments that she started her own coffee shop (and brought in a couple other employees from Starbucks she really liked working with).
$2 million is still plenty for most people.
Edit:
Max $450k, 4br, 2ba, sorted by price high to low.
You can get more for less depending on location, but there you go.
It really really depends on your standard of living too. This number will be different for everyone. Some would be happy with 125k house, it’s small and nothing fancy, but the 5 bedroom 2 car garage house, not for everyone.
There are a lot of ifs, sure. That’s another reason why a blank statement that $2m is enough is plain wrong.
These are rookie numbers! We need to pump them up!!!
trump is secretly a socialist trying to redistribute wealth! :O
critical support to comrade trump! /s
How is he redistributing wealth exactly? I’ll tell you how: all the poors will panic sell their shares now (you can see loads of comments to sell on Lemmy), the rich will bulk buy them at discount, wait for a few years and will cash out record high dividends increasing the wealth gap much further.
The economical ignorance of a typical Lemmy user is just mind blowing… I mean, do you people have any school level education at least?
You know it was probably a joke, right?
This way of thinking is sadly not. Look at other comments, lemmings think that these billionaires have lost something, lol. They don’t realise that wealth is not money and literally nothing has changed in the lives of Zuck and Musk.
Did you not see that pathetic display at the whitehouse yesterday. It’s definitely bothering Elon
Henry Ford was also bothered when he got sued for anti-Semitism, yet he walked away still rich and his company still dominates US car market. I mean, the longer you live in a delusion the poorer you’ll end up. You do you, I’m just trying to warn you.
Losing all the money they made during Obama & Biden administration.
Love it! Keep on Keeping On!
