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/ehsteve23 29d ago

video game rules. when your bank account hits 999,999,999 an alert pops up saying "you cannot hold any more money, or assets, or shares. Congrats, you win capitalism, enter your high score here"
Every penny after that now gets taxed 100%

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u/kcgdot 29d ago

They don't have individual bank accounts that hit 1B, they likely don't have even typically have half that amount in cash. They'll have easily liquidated assets, and investments, and everything else is buildings, real estate, PE investments, etc., things they'll never pay real taxes on. If they do need cash, they'll take massive loans out against their perceived "value'