this post was submitted on 21 Dec 2025
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How so?
Who said i'm opposed to that? In another comment i argued that taxing billionaires is not the answer to get rid of them because in fact it doesn't.
As a hypothetical to explain how these things work.
If I, personally, had like 5 million dollars I would buy some furnaces, heavy trucks, rock crushers, floatation cells, crystal seeding equipment and I would crush quartz and other silicates to refine into electronics grade silicon powder and solar panels. If I had only 1 million, then perhaps metal and fiberglass fabrication, glass and plastics also within that price range. Some people would probably get into real estate, buying up existing buildings to remodel them or building new ones, and renting out units.
The evaluation on these businesses alone once operational would probably double the investment, but that's only in the assumption of a buyer.
Operations like this are exclusive to the wealthy. Elon Musk's first big break after getting lucky with stocks and upper middle class parents was to create the backbone of Paypal. Bezos took $300k to start Amazon.com and the public offer for it was $54M USD, in four years he was a billionaire.