Summary
Elon Musk accused 60 Minutes of deception, saying its staff “deserve a long prison sentence” after the show aired an interview with ex-USAID administrator Andrew Natsios, who refuted claims of fraud in the agency.
Musk has previously criticized 60 Minutes for allegedly deceptive editing. However, Mediaite’s Colby Hall reviewed the released footage and defended CBS, stating it followed standard journalistic practices.
Meanwhile, JD Vance condemned European speech laws but distanced himself from Musk’s stance.
Further proving billionaires shouldn’t exist
Step 1: Seize all assets above 0.99 billion
Step 2: No more billionaires
(Now you got a bunch of money to redistribute)
Personally, I like the idea of taking the richest person in the country, and redistributing half their wealth every year. That way the goal is to be the second richest person, and you basically pit the two richest and most powerful guys on the planet against each other, trying to prove that the other one is richer.
I’d also like to cap total CEO (or highest earner) compensation at 1000x the pay of the lowest paid person at the company. This would include bonuses and stock options/growth. Any extra amount is confiscated and paid to fund UBI.
Why 1000? I’m more at the 50x level.
True dat.
Insanely high executive pay is mainly a problem in the English-speaking countries, and worst in the US. Studies of the relationship of executive compensation to corporate performance in different countries shows that the obscene levels of money thrown at US C-levels is entirely wasted. If the system were rational, US companies would be recruiting Japanese execs, offering them twice their current pay, and still saving tens of millions to distribute to their shareholders. But there is a flaw in corporate governance that enables this parasitism, and so far, the government has shown no interest in correcting it, or any other policy that worsens inequality.
Well, I honestly think that two people with different skill sets and experience can have a 100x difference in productivity. I then multiplied that value by 10x to appease people who really really really think they deserve it.
Why do you think 50x is the right number, out of curiosity?
Following a similar logic to you, but replacing value with actual people.
If I put 1000 people doing the same role as a CEO (900 for thinking, 100 for organising and filtering) could they make equivalent or better decisions? Definitely.
If I put 50 people doing the CEO role could I match the decisions? I think so.
10x people do exist but rarely can an individual outperform a larger team. I went for 5x10 to add in experience and specific individual qualities like communication and charisma.
Billionaire A: “I donated billions to end world hunger, I’m now the second richest”
Billionaire B: “Actually, I sent private investigators to tail your every movement, and I figured out how much you were donating so I donate one dollar more. You are richer by one dollar”
Billionaire A: “NOOOOOO 😭”
🤣 I’d love a movie about billionaires just trying to figure out how much others are donating so they try to stay just under the richest so they can keep their wealth.
A blind auction to keep their heads attached would be great fun to watch.
“I paid off your investigator to lie to you. You’re actually 1 dollar richer than I am”
No you don’t, because their wealth was immediately returned to the people who made it in the form of converting all industries into co-ops!
And people will claim "You can’t measure them that way because stocks etc "
Except you can.
Take their “worth” on December 31st of year X and their “worth” on Jan 1st of that same year X, subtract December from January, that’s their “Income.”
Tax that shit at 100% for anyone in the billions range.
I have a feeling whoever is tasked with that will be some kind of variant of this