I wonder what the numbers look like without stocks. On that front, the cognitive dissonance is kind of interesting. On one hand, people say that Elon Musk has 700 billion dollars and we should tax it to pay for free healthcare. On the other hand, people say that Tesla isn’t worth that much, and Elon didn’t create much value.
Like, both of those things can’t be true. If it’s fake money, why do we care that some people have a ton of it? If Tesla is only worth as much as GM, Musk’s share of it is only worth $11 billion, not $200 billion+. Even if you confiscate that it’ll run the federal government for less than a day.