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Musk’s Wealth 2012: $2 billion 2025: $493.8 billion Bezos’ Wealth 2012: $18.4 billion 2025: $240.9 billion Zuckerberg’s Wealth 2012: $17.5 billion 2025: $226.9 billion Federal Minimum Wage 2012: $7.25 2025: $7.25 It’s not the start of an oligarchy. — We’re in the thick of it.

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Obscene at best. Revolting at worst. Just no to their selfish bullshit. Where are their cultural or humanitarian foundations. Geesus! The 80s echo-culture sucks. At least Gates did a thing. These three guys are just fucking pricks. Elon and Bezos in particular. Zuck might be autistic. 🖕🏻’em

Most people lack the numeracy to really get the magnitude here If you had made a half million 2025 USD per day, every day, spending nothing, tax free, since the mythical founding of Ancient Rome (c 750 bce), you would not have as much wealth as Musk.

It’s also important to note that outside of Teslas going mainstream, none of their businesses have innovated to offer new products/services in the last 15 years. They’ve just been buying up smaller companies. It’s wealth capture in its purest form.

Tie the minimum wage to the maximum wealth, so it goes up when the top wealth increases, but is frozen when the top wealth goes down, so workers are not affected by the variability of the stock market.

Much of this wealth is based on value calculated on fantasy. Musk’s car company is collapsing, his space company a flop. Meta hasn’t produced anything new in a decade. Bezos owns a huge share of retail, but has decimated the state of US buying power, wages and small biz. Is this a paper Gilded Age?

an evergreen post

Glenn Storm@glennstorm.bsky.social

There are a lot of problems in the U.S. (understatement) that could, would, should be solved by charging a TAX for holding more than $10 Million in wealth for individuals $50 Million in wealth for households $1 Billion in wealth for corporations ...that plus close tax loop holes for this crowd

If you're not familiar with Citizens United, here it is: The Supreme Court ruled in a 2010 case that granted "personhood" status to corporations, in that they are now allowed under law to contribute unlimited funds toward elections This puts big business over We The People But, states have power:

corpgov.law.harvard.eduTransparent Election InitiativeA bipartisan team of former Montana officials have unveiled an oddly simple yet startlingly robust legal mechanism for undoing Citizens United that ...