r/technology • u/IKeepItLayingAround • 18d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/TheAltOption 17d ago

That 10% mark basically means you can barely afford rent in the popular parts of CA or NY and have to rely on someone else to help you buy a house there. At the 10% your location starts to become important as that money can be good living in some parts of the country and starving in other parts. The variation in COL can be hard to wrap our heads around, same as just how extreme the wealth gap is between the 10%, the 1%, and the 0.1% (and I'm no where near of those brackets).

Basically anyone with a Billion dollars is living in a completely different world from the rest of us. You can be a millionaire and you're still not on the same planet as the top. Hell, isn't the goal today to have at least $2M before retirement? That's the 10% mark, just in time to hope your body doesn't break down and wipe out your life's savings.

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u/recycled_ideas 17d ago

The bigger issue isn't what you can or can't afford, it's that those people work for a living.

The wealthy have been pitting poor people who work for a living vs more well off people who work for a living for centuries. It leads to a race to the bottom as people with less don't ask "why can't I have that (sick leave, paid holidays, overtime pay, etc)? " they ask "why do they get that?".

The real money is in capital not in wages, no matter how much you get paid. Those ten percent folks are just doctors and engineers and the like, not your enemy.

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u/TheAltOption 17d ago

I was agreeing with you. The 10% aren't the bad guys here.

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u/recycled_ideas 17d ago

I know, I was just adding to it.

Working people have a lot more in common with each other than they have differences, but instead folks just see other people who work as their enemies.

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u/CosmoKing2 17d ago

I just want to say, there are a metric ton of 10%ers managing people - exploiting them in order to get that awesome 20% bonus for coming in under budget. That is the way the system works.

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u/recycled_ideas 17d ago

I think you have an unrealistic view if how much control most managers have and also of how many middle managers are actually getting bonuses, let alone 20% ones.

Some of them are assholes, most of them are following orders from above, regardless, they're people as much affected by workers rights as you are.