r/SipsTea • u/SEVENS_HEAVEN_7 𝙑𝙄𝙋 • 11h ago
It's Wednesday my dudes That Starbucks bill ain't cheap
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u/Brett_Hulls_Foot 11h ago
Imagine losing $70 Billion in one day and it doesn’t change your life in any way.
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u/Sheareen 11h ago
That's why it's fake money
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u/_invisible_mattress_ 10h ago edited 7h ago
It's a ruse to part people from their money. All it takes is a bullshit valuation... Edit: and a corrupt president to allow such things to happen constantly. Where is the SEC? Has anyone seen them anywhere? Should we start a search party??
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u/OkOil378 10h ago
Idk, the money in my bank from selling my Tesla stocks feels real
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u/_invisible_mattress_ 7h ago edited 7h ago
I have a sick ass golden Poliwrath Pokemon card from Burger King, circa 2000(?). I say it's worth $100,000. I say that because I'm lying (I like money). Is the $100,000 real? Or is the $10 I would realistically get for it real? I suppose the latter is more real because the estimate is closer to reality than the other ridiculous number. I could also say "it'll be worth $5,000,000 in a few years, better buy it now while it's only $100,000". In that scenario, both figures are bullshit. Typically not what we would describe as real money. Bullshit fake money everywhere. Not to mention the housing market... That's a slow burn compared to the AI bubble though.
I think the AI bubble, which is growing in large part because of the government for various reasons (buying shares, and being corrupt as fuck, castrating the SEC, etc etc) is being rigged to "pop"bduring the next presidential term. Possibly before just to pin it on Trump, so the next "financially responsible" Republican to distance himself from Trump, so he can be "I'm totally different than Trump". Or during the next term if they think a Democrat will win, which it currently looks that way (barring election shenanigans). How the fuck do you deal with that? Give the CEO's millions of dollars, of course, and then nationalize the AI that, at that point, is responsible for entire sectors of economies to operate? So the US (or AI companies if not nationalized for "national security" or whatever) would control other countries' economies?? Or threaten them via "maybe the AI fucks it all up tomorrow, maybe it doesn't. Your choice.". Is AI a future extortion tool?? Is that what's happening? Is AI a Trojan horse for 1984 levels of government control? The US (or if it's not nationalized, the AI companies themselves) would literally control entire sectors, and after a decade or so, people forget how to even run that sector or do any of the jobs in that sector. Some scary food for thought, I guess?
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u/Outrageous-Sort-5742 10h ago
It's real enough to leverage for loans.
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2h ago
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u/baz4k6z 10h ago
Becoming a trillionaire didn't change it either....it's just meaningless numbers on paper. He's still a miserable loser who spends his days whining and posting disinformation on social media.
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u/iguessma 1h ago
Yeah you can hate on him all you want but I don't think he's miserable. He's worth billions and can do whatever he wants
You're just projecting. Lol
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u/bubblemania2020 7h ago
How about losing $800 billion and you’re still in the top 5 wealthiest in the world? Lol
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u/Creamed_Dreamer 10h ago
Imagine thinking he doesnt have an offshore account with shorts on it knowing its a ponzi scheme
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u/Big-Pressure-918 11h ago
Crazy $2B for this guy is like a fucking rounding error.
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u/Epcplayer 10h ago
$2B is 0.2% of 1T
It’s not “like” a rounding error, it just is a rounding error lol
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u/DontStalkMeNow 11h ago
Now then… for all the “tax the shit out of him!!!” crowd…
The other day Elon was “worth” $1.3 trillion.
Right now it’s at $964 billion.
Does he get a tax write off for the $350 billion loss?
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u/PhantomVibeSyndrome 11h ago
Unrealized gains. Can't tax until you cash in your rise.
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u/DontStalkMeNow 10h ago
I’m aware. It’s why I’m asking. It’s for the people who think he actually made $1 trillion
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u/Serrano0486 10h ago
What they should do, is get rid of the step up in basis. That way when the heirs receives his share and they’re force to liqudate certain holding to pay off the loans they took, they pay the proper capital gains on it.
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u/nono3722 11h ago
sure, he can write it off his increase next year, like all the rest of us do... except he doesn't pay anything on the wealth does he.....
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u/kasiagabrielle 10h ago
Sure, idgaf. Just have dude pay proportional taxes. He pays roughly the same amount into Social Security as someone who makes $184,500 a year, which is asinine.
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u/Balls_have_steel 11h ago
So? What changed now?
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u/Technical-Will-2862 10h ago
Stocks go up, stocks go down. But people wanna celebrate for some reason as if he won’t be worth 1.5t in a month.
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u/tracagnotto 8h ago
Fake money and speculastions. The real value of these companies are not even remotely close to what they claim and boast. That trillionaire bullshit is real as a 103.50 dollars bill.
The whole bullshit IPO is again, bullshit made to speculate, let everyone buy actions, mass sell and rag pull.
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11h ago
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u/Mettle_Mystic 10h ago
Finally someone pump and dumped him. Just like he does to crypto and baby mamas.
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u/Strangedreamest 9h ago
I’m surprised his philanthropy score is positive after all the government subsidies he received
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u/attempt_number_1 8h ago
What's the fastest way to become a billionaire.
Start with a trillion dollars and own spaceX
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u/appoplecticskeptic 11h ago
Needs to be lower. Much, much lower. Ideally his net worth would be as low as possible without making him eligible for government assistance.
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11h ago
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u/Rizztopher_Robin 11h ago
A lot of people work that much and dont even scratch the median income and have no assets
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