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$Tesla (TSLA.US)$
Imagine, you are the richest person in the world. Your net worth exceeds the sum of Bill Gates and Warren Buffett. You have used your immense resources to fulfill your lifelong dream—becoming the first person on Mars.
Fasten your seat belt, sit in the customized rocket, start the engine, and your space journey begins. The co-pilot sitting next to you also dreams of this trip. He has worked in the aviation industry all his life, with moderate income, and his net assets are only a small part of yours. What will it be like when you arrive on Mars? Will the huge wealth gap cause problems because you and your co-pilot have different expectations for the standard of living? From this scenario, it is easy to see that it won't. Once you leave Earth, the differences in income and wealth accumulation between you and your co-pilot will become meaningless. Your economic status on Mars will be equal, for a simple reason - there are no goods or services to purchase on Mars.
Wealth is entirely a social construct. Individuals cannot be wealthy. When we say someone is rich, we mean that this person is more likely to access the goods and services produced by society compared to others. Without society producing goods and services, the concept of wealth is meaningless. In the current intense economic and political climate, this simple fact seems to be forgotten.
The common attitude is that wealthy people earn their wealth through hard work, and if poor people want to earn more money, they should work even harder, rather than complain about worsening economic inequality. But all these shouting ignore...
Imagine, you are the richest person in the world. Your net worth exceeds the sum of Bill Gates and Warren Buffett. You have used your immense resources to fulfill your lifelong dream—becoming the first person on Mars.
Fasten your seat belt, sit in the customized rocket, start the engine, and your space journey begins. The co-pilot sitting next to you also dreams of this trip. He has worked in the aviation industry all his life, with moderate income, and his net assets are only a small part of yours. What will it be like when you arrive on Mars? Will the huge wealth gap cause problems because you and your co-pilot have different expectations for the standard of living? From this scenario, it is easy to see that it won't. Once you leave Earth, the differences in income and wealth accumulation between you and your co-pilot will become meaningless. Your economic status on Mars will be equal, for a simple reason - there are no goods or services to purchase on Mars.
Wealth is entirely a social construct. Individuals cannot be wealthy. When we say someone is rich, we mean that this person is more likely to access the goods and services produced by society compared to others. Without society producing goods and services, the concept of wealth is meaningless. In the current intense economic and political climate, this simple fact seems to be forgotten.
The common attitude is that wealthy people earn their wealth through hard work, and if poor people want to earn more money, they should work even harder, rather than complain about worsening economic inequality. But all these shouting ignore...
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$Tesla (TSLA.US)$
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$Tesla (TSLA.US)$
Members of Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities, according to people familiar with the matter.
Trump may relax regulations on self-driving cars and cut through the red tape. Many mainstream media and bullish Tesla analysts have said that this would benefit Tesla.
Tesla stock rose ...
Members of Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities, according to people familiar with the matter.
Trump may relax regulations on self-driving cars and cut through the red tape. Many mainstream media and bullish Tesla analysts have said that this would benefit Tesla.
Tesla stock rose ...
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$Tesla (TSLA.US)$ I feel like it might drop
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