Perhaps We Should Regulate Deranged Billionaires Like Elon Musk

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    • #401950
      eridani
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      • Total Posts: 10,623

      https://jacobinmag.com/2021/02/elon-musk-spacex-satellites-starlink-richest-man

      That’s according to a new analysis, which finds that the SpaceX CEO now controls more than 27 percent of all active satellites currently orbiting Earth — roughly one thousand out of 3,500. Musk’s stake is almost certain to get even bigger in the coming years, with physicist Alastair Isaacs estimating the share could grow to 50 percent as early as 2022 based on the number of launches currently associated with SpaceX. The greatest proportion of those launches are related to Starlink — an initiative the company says will bring “near global” high-speed internet coverage this year.

      Given Musk’s well-established penchant for absurd and often cringeworthy self-promotion, this claim can probably be taken with a grain of salt. Just a few short years ago, after all, the billionaire was confidently telling a technology conference that he would begin sending rockets to Mars in 2018 and would be able to start colonization efforts within a decade. Pure hokum, as it usually turns out to be, Musk’s techno-utopian hype has nevertheless given him an image more like that of a Promethean creator than a garden-variety capitalist — more vanguard of humanity’s interstellar future than telecom monopolist in its present.

      Whether SpaceX is ultimately capable of sending people to Mars or not, even a cursory glance at Musk’s vision for space travel is a warning about the dangers of allowing billionaires to extend their grip beyond the atmosphere. Last year, the company published updated terms of service for its Starlink project, announcing that it would not recognize international law on the Red Planet. Instead, Musk envisions a kind of off-world Randianism in which “self-governing principles” (i.e., those determined by his company) form the rules of the road. Though his stated blueprint for Martian colonization looks like a textbook case of obvious nonsense (involving, among other things, some truly absurd math) we should, at any rate, read this as a genuine statement of intent. If a new life ever actually does await in the off-world colonies, prospective space monopolists are determined to shape it themselves, free of constraint. Given how companies like Tesla already treat their workers, it takes little imagination to picture what that might look like.

      In fact, what Musk himself envisioned during a Twitter Q&A last summer was more or less explicitly a kind of space feudalism. As Gizmodo’s Tom McKay observed at the time, even the idealized Martian future of the billionaire’s social media PR imagined putting hypothetical interstellar pilgrims to work for SpaceX upon their arrival.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #401980
      tk2kewl
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      • Total Posts: 1,687

      perhaps he should be brought to the Hague and questions about his tweet “we will coup anyone we want!”

    • #401989
      Ohio Barbarian
      Moderator
      • Total Posts: 22,039

      Billionaires should not exist.

      It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

      You can jail a revolutionary, but you can't jail the revolution.--Fred Hampton

    • #401993
      incognito
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      • Total Posts: 4,574

      Billionaires shouldn’t exist.

      Kyle Kulunski quoted someone who said people should be limited to 1 million dollars a month. 12 million dollars a year. Who can’t live on 1 fucking million dollars a month? You would be hard-pressed to spend 1 million dollars in one month!

      As Kyle said, instead of a MINIMUM WAGE, we need a MAXIMUM WAGE. 1 MILLION A MONTH.

      And fuck Elon Musk. There’s not enough money on the planet to make me buy one of his cars or to support anything he has a financial interest in.

      My son’s dream car in his far away future was a Tesla… until Musk’s Despicable Tweet… “We’ll Coup whoever we want to Coup.” Now his dream car is a Subaru. lol One lost customer because of his arrogance.

      Musk is an arrogant dickhead  POS. His ability to own 20% of U. S. satellites needs to be removed.

      • #402028
        Ohio Barbarian
        Moderator
        • Total Posts: 22,039

        Kulinski said he’d never even thought of a maximum wage until Ventura brought it up when he turned full socialist a week or so ago. It’s in multimedia, and it is a Kulinski video. I remember because I posted it.

        It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

        You can jail a revolutionary, but you can't jail the revolution.--Fred Hampton

        • #402032
          incognito
          Participant
          • Total Posts: 4,574

          I had a brain fart on that one. 😏 For the life of me I couldn’t remember who he was quoting. I was happy I remembered it was Kyle who quoted it. lol


          @ohiobarbarian

          • #402040
            Ohio Barbarian
            Moderator
            • Total Posts: 22,039

            If not the best that I’ve seen.

            It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

            You can jail a revolutionary, but you can't jail the revolution.--Fred Hampton

      • #402197
        Cold Mountain Trail
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        • Total Posts: 12,932

        and if you pay taxes, you’re paying for part of his randian empire (the govt subsidized part).  and his hair plugs, by proxy.  and his cosmetic work.

        The New Feudalism is about it.  Empire with no citizen input.

    • #402022
      D503
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      • Total Posts: 340

      Bring back 50s era tax rates. Individuals should never have more power than the government. We have been experiencing the result, it doesn’t bode well for our future.

      "Violence is the last refuge of the incompetent." - Asimov; "If you push something hard enough, it will fall over." - Fud's First Law of Opposition

    • #402031
      Yanath
      Participant
      • Total Posts: 2,215

      Anyone who embraces capitalist ideology — almost everyone — has essentially been driven insane by continuous exposure to propaganda that advances the belief that we need more than we need, and that rampant consumption and indulging greedy desires is the source of freedom and happiness.

    • #402035
      zooka
      Participant
      • Total Posts: 69

      …before. Max marginal tax rate in 1936-37 was 79% on income over $5,000,000. We knew who had fucked us and we weren’t going to let it happen again. Except that we did!

    • #402075
      Bernin4U
      Participant
      • Total Posts: 506

      Musk could be making $1/hr. The issue is owning big chunks of companies with market caps in the trillions. Discussions about limiting salaries don’t seem very serious when it’s (in many / most cases) a small fraction of their net worth.

    • #402094
      zooka
      Participant
      • Total Posts: 69

      …NOT limiting wages or income, you have to tax wealth, either during the wealthy person’s time on earth or when they pass. This is known to prevent bloody, violent revolution, lol!

      But we don’t tax wealth either, so we have oligarchs controlling our government, and passing on that ownership to their offspring. If you rise up in a single generation, you get absorbed into the monarchy, i.e. Gates, Buffett, Zuckerberg, Bezos, Musk. And they make sure that your interests align with theirs, or they crush you.

    • #402232
      Voltairine
      Participant
      • Total Posts: 2,213

      To regulate distribution of money in any way, shouldn’t you first gain social ownership of money creation? As things currently stand, people are wage slaves of Federal Reserve etc. central banks. Processes often require taking step A before step B becomes possible.

      The sooner USD collapses, the sooner the Dollar Empire stops murdering and looting mostly brown people around the world. Elon Musk going heavy in Bitcoin is a positive step in that regard.

      Aloha!

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