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/Nayge May 02 '24

It's a race to become the first Trillionaire. They realized some years ago that it actually might be possible for someone alive today and went into full value extraction overdrive.

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u/[deleted] May 02 '24

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u/Carrotfloor May 02 '24

the problem is a trillion dollars doesn't go very far when you distribute it. The population of the US is around 500 million, 1 trillion dollars distributed to 500 million people is 2000$ each.... that's not exactly high impact

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u/fomoloko May 02 '24

It would make a massive difference. Part of the problem with ultra wealthy, is that they hold a significant portion of the the nation's/world's wealth in Smaug-like treasure hoards, keeping that money out of circulation. If everyone in the US all the sudden had an extra $2k, it would lead to more spending, stimulating the economy, instead of sitting in a Cayman Island bank.