Buckshot Bear Posted January 12 Posted January 12 Elon Musk says saving money for retirement soon to be ‘irrelevant https://www.news.com.au/finance/work/trends/elon-musk-says-saving-money-for-retirement-soon-to-be-irrelevant/news-story/0d7a279379944344d6c5bf0f17e1bed0 "Elon Musk has claimed that people will soon no longer need to worry about saving for retirement, believing that, in the future, everyone will be on a “universal high income”." So what will stop inflation from running rampant? 1 Quote
Rip Snorter Posted January 12 Posted January 12 (edited) Guy is a whole lot smarter than me - but belt, suspenders and and a pistol behind my hip (legal in my state) will rule the day till big checks start rolling in! Edited January 12 by Rip Snorter Typo 2 Quote
Doc Shapiro Posted January 12 Posted January 12 Uh, yeah. I don't buy it. There will then be no motivation for the vast majority of people. And who is going to be bothered to produce the goods and provide the services? 1 4 Quote
Yul Lose Posted January 12 Posted January 12 1 hour ago, Buckshot Bear said: Elon Musk says saving money for retirement soon to be ‘irrelevant https://www.news.com.au/finance/work/trends/elon-musk-says-saving-money-for-retirement-soon-to-be-irrelevant/news-story/0d7a279379944344d6c5bf0f17e1bed0 "Elon Musk has claimed that people will soon no longer need to worry about saving for retirement, believing that, in the future, everyone will be on a “universal high income”." So what will stop inflation from running rampant? Wonder what kind of drugs he’s on. 1 Quote
Jeff, #21334 Posted January 12 Posted January 12 Didn't he also say we'll be living on mars pretty soon Quote
Sgt. C.J. Sabre, SASS #46770 Posted January 12 Posted January 12 54 minutes ago, Marshal Mo Hare, SASS #45984 said: It’s a crock. It's a dream. I don't think that people like Elon, with all their wealth, intellectually understand people who live paycheck to paycheck. Nothing against him, but when do you think he was last at Walmart shopping for underwear or milk? 5 Quote
Rye Miles #13621 Posted January 12 Posted January 12 1 hour ago, Jeff, #21334 said: Didn't he also say we'll be living on mars pretty soon He didn’t say we’d be living on Mars soon, he said we’ll be sending a manned mission there soon. Big difference. Soon could be 10 years or more. He’s right about us being an interplanetary species in order to survive in the future. Personally I think the guy is brilliant. 3 Quote
Gateway Kid SASS# 70038 Life Posted January 12 Posted January 12 1 hour ago, Doc Shapiro said: Uh, yeah. I don't buy it. There will then be no motivation for the vast majority of people. And who is going to be bothered to produce the goods and provide the services? sure seems like we are approaching that scenario now respectfully Gateway Kid 3 1 Quote
Buckshot Bear Posted January 12 Author Posted January 12 49 minutes ago, Gateway Kid SASS# 70038 Life said: sure seems like we are approaching that scenario now respectfully Gateway Kid In Oz we have an unmarried mothers pension, they get around $1100.00 per fortnight till the youngest is 14 years old -plus other benefits, so what is the incentive? I'll tell you what the incentive is - keep getting pregnant !!!! 1 Quote
watab kid Posted January 12 Posted January 12 5 hours ago, Buckshot Bear said: Elon Musk says saving money for retirement soon to be ‘irrelevant https://www.news.com.au/finance/work/trends/elon-musk-says-saving-money-for-retirement-soon-to-be-irrelevant/news-story/0d7a279379944344d6c5bf0f17e1bed0 "Elon Musk has claimed that people will soon no longer need to worry about saving for retirement, believing that, in the future, everyone will be on a “universal high income”." So what will stop inflation from running rampant? im with you there but isnt this just communism on steroids ? thats never ever worked and is a faulty model from the get go , anyone that gets on that bandwagon is looking to gain from the chaos ...there is nnothing good coming from communism Quote
Marshal Mo Hare, SASS #45984 Posted January 12 Posted January 12 1 hour ago, watab kid said: im with you there but isnt this just communism on steroids ? thats never ever worked and is a faulty model from the get go , anyone that gets on that bandwagon is looking to gain from the chaos ...there is nnothing good coming from communism communism, as practiced, was never like that. 1 Quote
Matthew Duncan Posted January 12 Posted January 12 I just finished reading the book “Elon Musk”. Like his father he has a mental problem mixing fantasy with reality. Quote
Marshal Mo Hare, SASS #45984 Posted January 12 Posted January 12 How many families is he supporting? Quote
Rye Miles #13621 Posted January 12 Posted January 12 1 hour ago, Matthew Duncan said: I just finished reading the book “Elon Musk”. Like his father he has a mental problem mixing fantasy with reality. The dude came here with $2500 in his back pack and no job. Hes now the richest man on the planet. I wish I had his mental problem. 🤣 2 Quote
Rye Miles #13621 Posted January 12 Posted January 12 (edited) Elon musk had $2,000, a backpack and a suitcase full of books. 📌 Context around that story: That initial arrival was to Canada (Montreal), not directly to the U.S. Musk used his mother’s Canadian citizenship to get a passport and then moved to Canada before later going to the U.S. for college. Some reports paraphrase this with slightly different amounts (like ~$2,500) — likely from Musk’s social-media posts or paraphrased accounts — but $2,000 is the amount Musk himself publicly cited. 📌 What happened after that: He paid his own way through college, took out student loans, and later started his first company. Musk has said he started Zip2 with about $2,500, one computer, and a car he bought for $1,400 To be fair and honest his family is pretty wealthy and some think there was support there but nevertheless he did a lot on his own. Edited January 12 by Rye Miles #13621 1 Quote
Badlands Bob #61228 Posted January 12 Posted January 12 Elon Musk was a smart guy with a good idea at the right place at the right time. The stars certainly lined up for him. 1 Quote
Marshal Mo Hare, SASS #45984 Posted January 12 Posted January 12 he went to Canada to aoid being drafted ino the South African Army. Quote
Eyesa Horg Posted January 12 Posted January 12 With all the generational welfare and government support these days. Maybe that's what he's talking about. Another baby, 500 more a month! Who knows? 1 Quote
Rye Miles #13621 Posted January 12 Posted January 12 17 minutes ago, Marshal Mo Hare, SASS #45984 said: he went to Canada to aoid being drafted ino the South African Army. Yes — Elon Musk did avoid compulsory military service in South Africa by leaving the country before he was drafted. Musk has acknowledged that one of the reasons he left South Africa at age 17 was to avoid being conscripted into the South African Defence Force under the apartheid regime. In interviews he’s said he didn’t want to spend two years “suppressing Black people” as required by mandatory service at the time. South Africa had mandatory military service for white men when Musk was growing up, typically requiring around two years of service. Musk left South Africa in 1989 for Canada, where he had citizenship through his mother, and then eventually moved to the U.S. This move meant he never served in the South African military. Musk himself has said in a 2013 interview that he left partly to avoid conscription, because he didn’t want to fight for the apartheid government. So while it’s true that he “avoided the draft,” he’s framed it as a conscious decision not to serve an apartheid-era army rather than simply evading obligations with no principled reason. Quote
Dogmeat Dad, SASS #48563L Posted January 12 Posted January 12 9 hours ago, Buckshot Bear said: "Elon Musk has claimed that people will soon no longer need to worry about saving for retirement, believing that, in the future, everyone will be on a “universal high income”." Note that he didn't say "Everyone" he said "People". He also didn't say how many "People" will remain on the planet. He is convinced that his robots will do everything for everyone, including making more robots. Queue Skynet... I'm not saying he is wrong, I just have a hard time believing in the fantasy of a Utopian Society here on Earth. If he truly believes that people will no longer need money then why did he demand to be paid $1,000,000,000,000.00 for his efforts at Tesla. Makes one wonder... Elon Musk's $1,000,000,000,000.00 Pay Package I'm not saying he is wrong, just suspect that there will be a whole lot less "People" included in the "Everyone". 2 Quote
Marshal Mo Hare, SASS #45984 Posted January 12 Posted January 12 13 minutes ago, Rye Miles #13621 said: Yes — Elon Musk did avoid compulsory military service in South Africa by leaving the country before he was drafted. Musk has acknowledged that one of the reasons he left South Africa at age 17 was to avoid being conscripted into the South African Defence Force under the apartheid regime. In interviews he’s said he didn’t want to spend two years “suppressing Black people” as required by mandatory service at the time. South Africa had mandatory military service for white men when Musk was growing up, typically requiring around two years of service. Musk left South Africa in 1989 for Canada, where he had citizenship through his mother, and then eventually moved to the U.S. This move meant he never served in the South African military. Musk himself has said in a 2013 interview that he left partly to avoid conscription, because he didn’t want to fight for the apartheid government. So while it’s true that he “avoided the draft,” he’s framed it as a conscious decision not to serve an apartheid-era army rather than simply evading obligations with no principled reason. yeah, every draft dodger has a rationalization. Quote
Rye Miles #13621 Posted January 12 Posted January 12 (edited) 12 minutes ago, Marshal Mo Hare, SASS #45984 said: yeah, every draft dodger has a rationalization. Yea so he didn’t like his country and moved to America. So what? His mom was in Canada. I don’t blame him for coming to a better country. He was 17 for Gods sakes! He saw no future in that country. Good for him! Edited January 12 by Rye Miles #13621 1 Quote
Blackwater 53393 Posted January 12 Posted January 12 In all honesty, I don’t really care!! He’s rich! He’s high profile! 🙄He still stinks when he goes to the head!!🙄 🤣 1 Quote
Rye Miles #13621 Posted January 12 Posted January 12 3 minutes ago, Blackwater 53393 said: In all honesty, I don’t really care!! He’s rich! He’s high profile! 🙄He still stinks when he goes to the head!!🙄 🤣 Don’t we all? 🤣🤣🤣 1 1 Quote
Marshal Mo Hare, SASS #45984 Posted January 12 Posted January 12 34 minutes ago, Blackwater 53393 said: In all honesty, I don’t really care!! He’s rich! He’s high profile! 🙄He still stinks when he goes to the head!!🙄 🤣 He can afford to support four families. Quote
Blackwater 53393 Posted January 12 Posted January 12 9 minutes ago, Marshal Mo Hare, SASS #45984 said: He can afford to support four families. Given my budget, he could support 14,285 families like mine every year for hundreds of years at today’s average level of expense!! A trillion dollars is the equivalent of a billion dollars a year for a thousand years!! And what does that have to do with my previous statement?? 🤨 2 Quote
Smokin Gator SASS #29736 Posted January 12 Posted January 12 It's just about true for some groups. Approximately 80% of Somalians here collect some form of welfare. Even those that have been here 10 years, 78% Approximately still collecting some form of welfare. 1 1 Quote
Chantry Posted January 12 Posted January 12 (edited) I suspect humanity is coming to a fork in the road: Musk's vision is essentially the universe of Star Trek: The Next Generation, plenty of inexpensive food, lots of clean energy and replicators that make almost anything at very low cost. I doubt most of us will seen that path, those of you who have grandchildren, they may see it. The other fork, everyone gets free (and mediocre) healthcare, housing, food, a basic living stipend, free drugs to keep them unmotivated and placid (think marijuana) and minimal education for the unmotivated. (think The Expanse, Jerry Pournelle, Larry Niven) for those of you who watch/read science fiction). Some of this is almost present now, look at welfare and the inner cities. Edited January 12 by Chantry Quote
Big Sage, SASS #49891 Life Posted January 12 Posted January 12 I worked with the people from SpaceX and got to know some of them pretty well. I worked for one of their VicePresidents when we worked for another aerospace company. Lots of them were brilliant. Musk gave them a huge amount of responsibility in decision making. I really don't think he is as smart as some people think he is. What makes him a business whiz is getting the right people on his team, pay them exceeding well and let them run the programs. 2 Quote
Sgt. C.J. Sabre, SASS #46770 Posted January 12 Posted January 12 18 minutes ago, Big Sage, SASS #49891 Life said: What makes him a business whiz is getting the right people on his team, pay them exceeding well and let them run the programs. That absolutely the best kind of LEADER there is. 1 Quote
Big Sage, SASS #49891 Life Posted January 12 Posted January 12 1 hour ago, Sgt. C.J. Sabre, SASS #46770 said: That absolutely the best kind of LEADER there is. That doesn't make him smart. Quote
Rye Miles #13621 Posted January 12 Posted January 12 1 minute ago, Big Sage, SASS #49891 Life said: That doesn't make him smart. Smarter than the average human being. He was accepted into and studied at Queen’s University and later UPenn He earned degrees in physics and economics He has demonstrated strong abilities in engineering, systems thinking, and entrepreneurship Quote
Sgt. C.J. Sabre, SASS #46770 Posted January 12 Posted January 12 2 hours ago, Sgt. C.J. Sabre, SASS #46770 said: That absolutely the best kind of LEADER there is. 11 minutes ago, Big Sage, SASS #49891 Life said: That doesn't make him smart. Smarter than most people that are "in charge". 1 Quote
Matthew Duncan Posted January 13 Posted January 13 15 hours ago, Rye Miles #13621 said: … nevertheless he did a lot on his own. He burned through a lot of employees that made a huge contribution to his monetary success. Quote
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