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Elon Musk Says Money Will Stop Being Relevant in the Future

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  • Not having to work, no reward for being productive. Can’t think of anything worse for individual self worth and esteem on a mass scale for civilization. 

  • Bitcoin 

  • The US already has 40 million people dependent on the gov for their survival.    Education is substandard.  It's  like a giant conspiracy to make the populace do as commanded. Covid lock dow

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Not having to work, no reward for being productive. Can’t think of anything worse for individual self worth and esteem on a mass scale for civilization. 

34 minutes ago, novacova said:

Not having to work, no reward for being productive. Can’t think of anything worse for individual self worth and esteem on a mass scale for civilization. 

The proposal to achieve that status is dangerously destructive and delusional in it's ignorance .

1 hour ago, novacova said:

Not having to work, no reward for being productive. Can’t think of anything worse for individual self worth and esteem on a mass scale for civilization. 

Combining this with the extensive welfare states in the West creates a pathway to destroy the West.

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He talks the talk, he is visionary man, no one can look into the future, one can only guess, but he could be right......or I advise him to stop watching so many sc-fi movies. :clap2:

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2 minutes ago, brian69 said:

He talks the talk, he is visionary man, no one can look into the future, one can only guess, but he could be right......or I advise him to stop watching so many sc-fi movies. :clap2:

 

Exactly.

 

 

So if money comes irrelevant, how people gonna buy food, or buy such a robot?

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The US already has 40 million people dependent on the gov for their survival. 

 

Education is substandard.  It's  like a giant conspiracy to make the populace do as commanded. Covid lock downs were a clear sign of how easy it is to control the masses.

14 minutes ago, EVENKEEL said:

 

Education is substandard.  It's  like a giant conspiracy to make the populace do as commanded.

 

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2 hours ago, CallumWK said:

So if money comes irrelevant, how people gonna buy food, or buy such a robot?

 

Bitcoin 

2 hours ago, CallumWK said:

So if money comes irrelevant, how people gonna buy food, or buy such a robot?

 

The magnificence of the state will take care of all needs. The state will care for all.  All hail the state.

1 hour ago, EVENKEEL said:

The US already has 40 million people dependent on the gov for their survival. 

 

Education is substandard.  It's  like a giant conspiracy to make the populace do as commanded. Covid lock downs were a clear sign of how easy it is to control the masses.

 

On the contrary, Covid demonstrated the ignorance of the masses with their  easy embrace of quick cures and claims of conspiracy. Its impact continues today with the feeble minded who promote nonsensical claims of convoluted conspiracies.

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Good job I won't be around then,` for me cash is still king , been a very old bastard,

if I ask my daughter to get something for me at 7- 11 ,I say here's a 100 Baht , she

replies "I don't want cash" this is what the World has come too ,another thing why

doing certain things on the Internet ,like confirming your account on Google ,think

everybody has a mobile phone ,

If money is phazed out ,how will say the local mechanic do a job for cash and no VAT,

the tax man and government is going to know EVERYTHING....

 

regards worgeordie 

 

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3 hours ago, CallumWK said:

So if money comes irrelevant, how people gonna buy food, or buy such a robot?

 

Maybe Musk just thought of himself and other billionaires... 😆 

3 hours ago, Patong2021 said:

 

The magnificence of the state will take care of all needs. The state will care for all.  All hail the state.

An ever-growing segment of the population favors this outcome. 

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4 hours ago, StayinThailand2much said:

 

Maybe Musk just thought of himself and other billionaires... 😆 

So Musk is going to cancel his Tesla paycheck…?

6 hours ago, Patong2021 said:

 

The magnificence of the state will take care of all needs. The state will care for all.  All hail the state.

Sounds like socialism ....oh wait that's been banned!

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If he thinks money is going to be irrelevant, why did he rob the pool of employee share options and allocate it to himself on hitting share price targets.

7 hours ago, Patong2021 said:

 

On the contrary, Covid demonstrated the ignorance of the masses with their  easy embrace of quick cures and claims of conspiracy. Its impact continues today with the feeble minded who promote nonsensical claims of convoluted conspiracies.

But would not it have been better to lock down the frail that were nearly all the deaths and get them vaccinated?  At least have open discussions about how individuals should be responsible about their own health.  The vaccinations helped IMO but the implementation was a mammoth failure from many that value freedom of choice and speech.  It became a political football and in the end a frustrating period.

22 minutes ago, JBChiangRai said:

If he thinks money is going to be irrelevant, why did he rob the pool of employee share options and allocate it to himself on hitting share price targets.

Have no clue about what you are getting on about him robbing employee share options but you do understand that he didn't state money "is" irrelevant.  Get you don't like him.  I find him extremely interesting and seemingly he  has many flaws.  

So when are you going to start giving all your's away Elon?

 

What's the point of getting out of bed in the morning if no reason? You only have to look at the lives of many of the large numbers of permanent unemployed and /or unemployable living on the dole to see what happens.

1 hour ago, Jim Blue said:

Sounds like socialism ....oh wait that's been banned!

socialism always fails in the end. 

33 minutes ago, atpeace said:

Have no clue about what you are getting on about him robbing employee share options but you do understand that he didn't state money "is" irrelevant.  Get you don't like him.  I find him extremely interesting and seemingly he  has many flaws.  

 

Key Takeaways

  • Yes, Musk’s options were allocated from shares that had been part of the employee pool.

  • This move has been described by some Tesla employees as “incredibly insulting”, since it reduced equity available for worker rewards.

  • Tesla has since promised to issue new stock options to top‑performing employees to offset the depletion, but critics argue this doesn’t fully repair the damage

20 minutes ago, JBChiangRai said:

 

Key Takeaways

  • Yes, Musk’s options were allocated from shares that had been part of the employee pool.

  • This move has been described by some Tesla employees as “incredibly insulting”, since it reduced equity available for worker rewards.

  • Tesla has since promised to issue new stock options to top‑performing employees to offset the depletion, but critics argue this doesn’t fully repair the damage

So he might have if the critics are correct. Ok, I'll throw myself in the unsure group as not all knowing me finds myself in lately quite often.

 

Are you against rewarding higher performing employees at the expense of lower performing.  I only worked until 41yo (now 58) by drastically paying high performers more than the bottom 30%.  Lots of good guys in the bottom but until we have a successful universal income program ( not holding my breath ), the top 10% in my experience create the lion's share of the profits and rewarding them in the end made me much more money.  Not bragging - I'm far from rich but it did allow me to get out of working and retire which has been fun.

12 minutes ago, atpeace said:

So he might have if the critics are correct. Ok, I'll throw myself in the unsure group as not all knowing me finds myself in lately quite often.

 

Are you against rewarding higher performing employees at the expense of lower performing.  I only worked until 41yo (now 58) by drastically paying high performers more than the bottom 30%.  Lots of good guys in the bottom but until we have a successful universal income program ( not holding my breath ), the top 10% in my experience create the lion's share of the profits and rewarding them in the end made me much more money.  Not bragging - I'm far from rich but it did allow me to get out of working and retire which has been fun.

 

I practiced the same strategy of rewarding top employees.  I retired at 49, some 8 years later than you, I'm now 68.

 

I see what Elon has done as problematic.  Without that pool of shares for employee incentives, he risks losing his top performers.  We are both agreed on the need to reward top performers, but he has diluted that pool.

 

I think it's nothing more than greed and will result in some leaving Tesla.

 

 

It's pretty easy for this numbskull to utter such a spectacularly ignorant statement being the richest man in the world. Why doesn't he try struggling to make a living and then talk about money? 

7 minutes ago, JBChiangRai said:

 

I practiced the same strategy of rewarding top employees.  I retired at 49, some 8 years later than you, I'm now 68.

 

I see what Elon has done as problematic.  Without that pool of shares for employee incentives, he risks losing his top performers.  We are both agreed on the need to reward top performers, but he has diluted that pool.

 

I think it's nothing more than greed and will result in some leaving Tesla.

 

 

Possibly but I do think he has stated he will increase incentives for top performers.  I don't know but he seems to be a smart fellow and assume he will pay those that are producing.  I definitely don't know enough about him. 

 

 He is anti-woke and definitely leans to the right but is that a reason to hate him ( not that you do)?  He is just looking after number one while he claims to be trying to save the world.  So he is acting as humans do...

1 hour ago, atpeace said:

But would not it have been better to lock down the frail that were nearly all the deaths and get them vaccinated?  At least have open discussions about how individuals should be responsible about their own health.  The vaccinations helped IMO but the implementation was a mammoth failure from many that value freedom of choice and speech.  It became a political football and in the end a frustrating period.

 

It is easy to criticize in hindsight. The reality was that society was on the verge of financial collapse as critical sectors seized up. The infection was unknown and its structure not mapped. There were no effective treatments.  Hospitals were no longer performing surgery, millions of people undergoing  chemotherapy and dialysis were at risk and saw a curtailment of service. Hospital personnel were   off ill, while others were dying in significant numbers.  The "frail" people who you expected to be responsible for their own health were often abandoned and left to die in their own  piss and feces. Nursing homes were understaffed as much of the staff were ill and not showing up for work. Large cities saw 50% or more of their EMS, fire and police services off work because they were ill. A large part of the population was panicking.  The measure governments took were intended to keep civil society functioning and to maintain order. They worked and allowed the economy to quickly recover. 

There was no herd immunity because  Covid in its early forms during year 1 was mutating into  more severe versions. Governments did the best that they could do under the circumstances.

 

 

7 minutes ago, spidermike007 said:

It's pretty easy for this numbskull to utter such a spectacularly ignorant statement being the richest man in the world. Why doesn't he try struggling to make a living and then talk about money? 

Really?  Because he is rich and has different political views he can't have an opinion?  I just don't get your type.  Full of disgust for so many things that are happening in the world today.  When was the world better than today?  It was great under Obama and it is wonderful under Trump IMO.  Sure there are those that suffer but not as many it seems with each passing decade.  Why all the doom?

5 minutes ago, Patong2021 said:

 

It is easy to criticize in hindsight. The reality was that society was on the verge of financial collapse as critical sectors seized up. The infection was unknown and its structure not mapped. There were no effective treatments.  Hospitals were no longer performing surgery, millions of people undergoing  chemotherapy and dialysis were at risk and saw a curtailment of service. Hospital personnel were   off ill, while others were dying in significant numbers.  The "frail" people who you expected to be responsible for their own health were often abandoned and left to die in their own  piss and feces. Nursing homes were understaffed as much of the staff were ill and not showing up for work. Large cities saw 50% or more of their EMS, fire and police services off work because they were ill. A large part of the population was panicking.  The measure governments took were intended to keep civil society functioning and to maintain order. They worked and allowed the economy to quickly recover. 

There was no herd immunity because  Covid in its early forms during year 1 was mutating into  more severe versions. Governments did the best that they could do under the circumstances.

 

 

Lots there to reply to but in the end, IMO the rollout was terrible.

 

 I stated people should be responsible for their own health and that the focus should have been on the frail/old.  You took my words completely out of context.  Hard to discuss something intelligently with your type that leaves their intelligence behind is someone disagrees with them.  I agree with much of your post above but stop the silly games -it is immature and boring.  Get a grip and allow other to discuss topics.   It really doesn't hurt to consider alternative viewpoints.  I promise.

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