If Elon doesn’t like it, it’s probably for the betterment of humanity

I’ve yet to find anything that falsifies that

Lol what even is 2025

And those assets ultimately are tied to something physical.

We’re talking about the ultra rich, not just your average lucky rich guy earning a big paycheck

If hypothetical tax fleeing rich guy has £5bn invested in some American company and they are running from a tax on that asset, what do they do? They have to sell off the asset to someone who wants it (good) or they still face the tax (especially in America where uncle Sam will follow you to the end of the earth to get your tax bill).

Imagine they manage that and don’t make too much of a loss doing so (which is already not realistic, but anyway). Now what do they do with that? Keeping cash as cash is basically flushing money down the drain, so they need to quickly reinvest it in something roughly as financially performant as what it was in before. Problem is if they are a rational investor, their money was already in the best place so wherever it goes next basically has to be a compromise.

The ultra rich are a different breed to what you’re thinking of, even their market investments are big enough it’s generally pretty hard to move them between borders for the purposes of avoiding tax

Especially back before online shopping existed

It’s a recent kid meme

South park did an episode that featured it a few weeks ago

…

No, of course they can move, they typically have a lot of money, they physically go where they like.

Their assets can’t though, and if you look at anyone who owns a majority of assets in a given country, they typically do everything they can to put their weight on the government there

And, of course, they typically have to be a citizen of said country, where they pay tax. (Or if you’re American, you just pay tax regardless of where you are, because fuck you, apparently freedom isn’t free—not a yank btw, just have some mates that suffer this particular pain)

We’re not talking about the kind of rich guy most people immediately think of: high income & flashy wankers,

We’re talking about the literal handful of bastards that are breaking the world economy right now by simply existing.

Ultimately they own ground and stuff on that ground. Maybe via middlemen (and currently a shitload of vibes), but wealth ultimately comes from assets.

None of that is practically moveable

Even literal gold bars are really hard to move across borders in any kind of quantity

All of that is what ultra wealth really is, and in every real sense, only that is wealth in a capitalist economy. Everything else is an abstraction over a physical asset or just negligible.

The percentage of wealth owned by he ultra wealthy is on the rise. That means the percentage of wealth for literally everyone else is shrinking.

You wanna know how we can watch that happen? Just wait. You’ll be able to tell we’re fucked if the prices of assets (like, idk, houses) go up quicker than the average person’s pay

… Wait… Fuck.

Edit: tbf I was too pessimistic in my previous comment, it’s not 30 families, it’s actually 50, so I’m glad we’re actually living in such an egalitarian society

https://www.theguardian.com/news/2025/may/19/uk-50-richest-families-hold-more-wealth-than-50-of-population-analysis-finds

They just don’t want to.

Because they can’t

If you’ve ever heard a “wealthy” person say otherwise, you’re talking to a deluded clown.

30 families own over half of the UK

Those assets are not mobile

Edit: not 30 families, but the much more reasonable number of 50. More detail below

My lights are broken…

My lights are broken…

Sorrow, sorrow… sorrow… Sorrow!

Oh who’s that guy is he the CEO of netflix?

Lemme click into the article to find out

Edit:

Insiders says that Netflix co-CEO Ted Sarandos spoke with the President in the last couple of weeks in a confab that lasted about two hours.

Well how about that

Frankly any Ellison L is a W for humanity, so I guess I’ll take this particular monkey paw curl

It’s funny that people keep forgetting wealth is tied to assets

Most valuable assets can’t really move

The rich typically live near their assets so they can keep a finger on the politics around them

Tax those assets and if they want to dodge the tax, they have to give up the asset we want anyway

They.

Can’t.

Just.

Run.

Pretty good, probably one of the best cities on the planet for being able to do anything that pops into your mind (as long as you’ve got the spending money ofc)

Still got the same problem it’s always had where you kinda need to commit to a plan for a given evening. If you suddenly decide you want to head somewhere else, that might take half your evening out

I live up north these days, but still go to London every month or so

A dark pattern they’ve started doing from their Android app

The same place used to copy the original URL to the clipboard for around a decade, recently it changed to doing this bullshit in the past year or so

I can think of a load of reasons you might want the smart fridge of your imagination where you’re never at the shop again wondering how much cheese you’ve got left or stuck wondering what recipes you can make out of what you’ve got

The reality seems to have ended up being a tablet you can’t move or really use for much beyond an ad supported whiteboard you don’t need pens for

The fuck is an AI-first mobile network

Kinda cracks me up there’s minimal detail about the circuit, but a whole section on systemd

Given the time of year, potentially your local wood

(Disclaimer: don’t forage mushrooms unless you or someone you’re with knows what they’re doing)

Damn I’ve bought a lot of crucial stuff over the years

I assume they’re my current memory kit too since I pretty much always go with them

Well getting this running on my steam deck has just become one of the top 10 entries on my to-do list

Ford has just chucked these guys a load of money then

Your cars aren’t safe enough, that’s why you can’t sell a load of them outside of the US.