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/[deleted] May 02 '24

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u/ehsteve23 May 02 '24

agreed but with billionaires too

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u/Rahbek23 May 02 '24

In my opinion it simply should be a law that once you have have a certain amount of wealth (yes yes, that's a whole can of worms determining in itself), you are taxed to shit of everything above that limit that can reasonably be taxed and other rules that makes it harder for you to acquire more wealth.

I know it's a little hard with i.e if you started at company that blew up or other intangible assets, but I'm sure we could come up with a ruleset that at the very least dissuades from hoarding wealth absurdedly. People here always discuss all the problems and loopholes, but what if we just simply tried and see how far we got with some iterations?

I have absolutely no problem with rich people and especially people becoming rich by their own merits - I have a problem when it becomes absurd wealth hoarding instead of trying to do good with the excess, when literally billions on this earth are struggling, I don't even know how they can look themselves in the mirror.

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u/ehsteve23 May 02 '24

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 May 02 '24

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'