• Maggoty@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    2
    ·
    10 months ago

    You uhh aren’t doing yourself any favors trying to compare the entirety of welfare to a fraction of what welfare does and yes an annual 20B is affordable on a national level. Elon’s wealth jumped 170B just since November. He could absolutely afford 20B a year.

      • granolabar@kbin.melroy.org
        link
        fedilink
        arrow-up
        3
        arrow-down
        1
        ·
        10 months ago

        Stop treating net worth like it’s an amount of cash. It isn’t.

        It is literally equivalent amount of cash lol

        It is not annual income, but it would support a decade of expenditure for 10 years though, ie enough time to solve the issue.

        One billionaire is a price most of are willing to pay too lol

      • Maggoty@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        2
        ·
        10 months ago

        It’s absolutely cash. It’s cash when they want to use it, but not when we want to tax it or talk about using wealth differently in our country? Bullshit. It’s cash.

        And you might be surprised to find out politifact is in fact not the arbiter of reality.

        • ObjectivityIncarnate@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          2
          ·
          10 months ago

          It’s cash when they want to use it

          When you sell a possession, you can obtain cash in exchange for it. It’s not cash until then–up to that point, it’s only a price tag, a valuation.

          And taking out a loan using a possession of yours as collateral isn’t income at all. Loans are not income–you need to pay loans back.

          And you might be surprised to find out politifact is in fact not the arbiter of reality.

          Until it debunks a claim made by the Other Team, right? That article goes into a lot of detail about how and why the claim is wrong/misleading.

          • Maggoty@lemmy.world
            link
            fedilink
            arrow-up
            1
            arrow-down
            2
            ·
            10 months ago

            That article goes into a lot of detail well beyond the original claim. Which is why it’s a strawman argument. And Elon used his stocks to buy Twitter. It’s cash.