this post was submitted on 03 Apr 2025
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Anticonsumption

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[–] LovableSidekick@lemmy.world 11 points 3 days ago* (last edited 3 days ago) (11 children)

Except not, cuz it's money he doesn't have to begin with. His net worth isn't a pile of money, it's a constantly fluctuating number based on what the rest of the world think the his various companies' stock is worth. Same as if you own a house and you get a new tax assessment that says it's worth $10,000 less than last year. Your bank account doesn't skrink by $10,000. The max amount you are able to get a loan for might decrease a little, but other than that it's pretty much a non-event.

[–] IEatDaGoat@lemm.ee 13 points 3 days ago (9 children)

But he's using his stock as collateral to get bank loans so this hurts him anyway.

[–] LovableSidekick@lemmy.world 3 points 3 days ago (8 children)

In principle that could happen, but realistically I doubt Musk is anywhere near enough in hock for market fluctuations to bother him. That would be more like a Trump thing.

[–] IEatDaGoat@lemm.ee 7 points 3 days ago

Two months ago I didn't think the USA would want to annex Canada/Greenland. Anything is possible at this point.

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