Oracle co-founder’s shares rose by 40% in early trading, valuing his fortune at $393bn, just ahead of Musk’s $384bn
Imagine all the good that could be done by redistributing all the wealth of just 2 people.
It would be wasted very fast.
Student loan debt?
No, it’d take at least a 3rd heinously rich guy to wipe the 1.8tril USD student loan debt. Don’t be ridiculous, 2 can’t pull it off.
So there IS a path forward?
But like, you can’t just delete someone’s wealth, because they can’t just rebuild an empire from scratch. These self-made billionaires are so strapped for cash, charitably speaking, because they need the capital to fund future charitable investments. Don’t you want to get a trickle of charity more than once? That’s why they can only donate like 10mil a year. Also partly because humans are really bad at estimating the difference between 10mil and 400bil. It’s like a factor of 40. They’ll be drained of wealth after 40 years at 10mil a year.
Oh wait. Hold on. 40 years… 10 mil/year… So 400 million… If we froze their wealth of ~390bil, by the end of this scheme, they’d have… ~390,000,000,000- 400,000,000 =~389.6bil.
OK nevermind fuckem
🤢🤮
Well, at least Oracle is definitely a better place to work at than most of Muskie’s galleys (except maybe those fictional companies like Hyperloop, that were never supposed to deliver anything except 3d renders in the first place).
Nah fuck Oracle, too.
Can’t disagree. Even if it was best company in the world - it can’t be fair that CEO/CTO just has over one third of a trillion dollars.
Anyone with more personal wealth than can be spent in a lifetime is exploiting humanity.
If you spend $1k per day to live, that’s $11m over 30 years.
Fuck it, spend $10k per day. Have a family of 5 each spend $10k per day, so $50k PER DAY (that’s probably an average salary).
That’s still less that $200m over 30 years.
Make it 60 years, thats $400m.Anyone with more than $500m is exploiting humanity.
It’s not. Ellison is shady AF.
They should fight to the death to see who comes out on top
Larry’s hair situation is almost as weird as Trump’s.
Musk will always be a #2
💩
He’s gotta be more Courics than Bono.
For the past 30 years, I have always wondered how people still use Oracle. It’s an overpriced piece of shit where the salesmen can sue your ass because you configured it in the wrong way. PostgreSQL has been an amazing alternative for a long time. I guess it’s because managers buy it without having a brain or understanding the technical details.
We still use it in our stuff, I guess its easier for the corporate world to hire DBAs with official qualifications and have the option of oracle support when something goes tits up.
Based technology community keeping me up to date on the latest billionaire news??
“you-a-probably-want-a-my brother…” - mario, probably
Is also a fascist.
