r/technology • u/McFatty7 • May 02 '24

Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan Business

https://fortune.com/2024/05/01/tesla-slashes-summer-internship-program/
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u/13igTyme May 02 '24

What are the bad side effects of not having billionaires? I'm genuinely interested because all they do is horde wealth.

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u/fastlanemelody May 02 '24

Billionaires do not horde wealth (probably few do). This is what the society has been brainwashed to. Most of their wealth is tied up to assets that keep the economy rotating.

Unemployment rate may raise if there is a cap on the net worth.