LogFAQs > #959594902

Referring to the moron at CNN first claiming that 2% of Musk's net worth (~$6 billion) could solve world hunger (which he later walked back to "could feed 42 million people). Do people actually believe this, neglecting to consider the fact that Musk's net worth is almost entirely in Tesla stock that he can't just magically liquidate without tanking the stock price?

Even if we take this at face value, $6 billion / 42 million is around $142 per person. If you ignore any administrative or logistical costs, and assume you can feed a person in the third world for $0.70/day (a number people have thrown around before), this would only feed these people for around 200 days.

Besides the fact that noone on the internet apparantly understands the concepts of non-liquid assets, and how you can't tax unrealized gains, is this recent trend of people shitting on Musk/Bezos an actual criticism of their wealth, or are these people just jealous that they are stuck working at McDonalds instead of revolutionizing science and technology fields?

---

Props to azuarc, the current Guru of the Decade.
Wear this title with pride!