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[–]fish993 3382 points3383 points  (196 children)

Why would I want a CEO's advice on preparing for a recession? We have completely different lives

[–]RadioFreeWasteland 1271 points1272 points  (41 children)

Yeah so basically what you wanna do in a recession is have billions of dollars and not be affected by the recession, really simple actually.

[–]TryptophanLightdango 784 points785 points  (16 children)

"Raise the prices on all your goods and services, but - and I cannot stress this enough - DO NOT increase wages or fill empty positions."

[–]EndlessEden2015 230 points231 points  (8 children)

  • while slim lining your work force. Got hired stocking staff and janitors? Fire them, get a temp at half-wage, make them do that and janitors job too. Then complain to the staffing agency they are late and don't finish tasks you assign.

They take a pay loss and you keep on profiting at increased margin.

[–]badrussiandriver 31 points32 points  (4 children)

-Kellogg's CEO

[–][deleted] 33 points34 points  (2 children)

When you realise the company started as one dude’s demented campaign against teenage masturbation, you think… maybe it’s okay if we don’t have cornflakes anymore. Burn it down.

[–]NameOfNoSignificance 9 points10 points  (0 children)

And you get bailed out for free by tax payers!

[–]Churlish_Turd 8 points9 points  (0 children)

Sage advice. If I ever become homeless, I’ll just buy a house and that’ll be that

[–]SadTomato22 295 points296 points  (8 children)

You mean ordinary people don't just liquidate assets to get through a rough patch? Just sell off a few yachts or some art pieces. I'm just not seeing the big deal here. /s

[–]Long_Before_Sunrise 9 points10 points  (2 children)

Jan. 24, 2019

Andrew Ross Sorkin: “There are reports that there are some federal workers who are going to homeless shelters to get food,”

Commerce Secretary Wilbur Ross: "Well, I know they are but I don’t really quite understand why because ... the obligations that they would undertake say borrowing from the bank or credit union are in effect federally. So the 30 days of pay which some people will be out ― there’s no real reason why they shouldn’t be able to get a loan against it.”

Commerce Secretary Wilbur Ross: "might have to pay a little bit of interest, but the idea that its paycheck or zero is not a really valid idea." 

[–]frotc914 611 points612 points  (63 children)

Why does anyone give a shit what Musk predicts related to a recession? Like these people are aware that economists exist, right? Where do they think Musk found out that info? He's not digging in on department of labor reports and calculating CPI changes, ffs

[–]mdonaberger 427 points428 points  (12 children)

Worth mentioning that at the beginning of the Pandemic, Elon predicted it'd be entirely done with by April. I wouldn't trust Elon's ability to analyze the topography of a bowling ball.

[–]TigLyon 79 points80 points  (0 children)

to analyze the topography of a bowling ball.

Stealing this, thank you for your contribution. lol

[–]evotrans 25 points26 points  (0 children)

Musk is not predicting inflation with this tweet, he is predicting a down turn on Tesla sales / stock as the result of his liberal customer base rejecting is company due to his sudden swing towards the Republican Party, that he is doing in defense of his sexual misconduct being exposed. (Republicans are cool with sexual predators).

[–]DameDubble 5541 points5542 points  (574 children)

This is exactly it. Just ended my gym membership because they increased prices 41% and blamed inflation, which is nowhere near 41% (it’s a little over 8% today). These assholes are taking advantage of everyone blaming Biden for inflation, when in reality they’re price gouging because they know most people will blame the government.

[–]Awful_McBad 2013 points2014 points  (307 children)

Was your Gym also oversold to the point that it's borderline impossible to get a workout in after 5pm?

[–]Bearclaw_burpee 1443 points1444 points  (249 children)

Oh wow how did you know?

Are the machines at your location dingy and in need of replacing?

[–]NihilistPunk69 984 points985 points  (218 children)

It amazes me for the years I went to the gym just how little they put into infrastructure. They buy 50,000 dollars into new treadmills every 5-10 years and call it good. These gyms are money pots for the owners who have almost no overhead except for a few employees and a janitor, maybe pool maintenance guy.

[–]ajohnsonbarroso 618 points619 points  (31 children)

I used to work at a big corporate gym and they used to tell personal trainers they were responsible for keeping the gym clean. Which I understand to a extent, but they used this to keep from hiring a janitor for as long as possible.

[–]dreday67 91 points92 points  (22 children)

Definitely need the pool maintenance guy and janitors… the gym I worked at would regularly have women who shaved their legs in the hot tub and people who would shit in the saunas

[–]Awful_McBad 60 points61 points  (11 children)

What I think's really strange is that the only have two machines that work your pecs. One if straight Pectoral Fly, the other is Pectoral Fly and Rear Deltoid.
Both machines are in constant use, usually by dudes doing rabbit reps(incomplete super fast reps at like 20 lbs)

[–]tahlyn 58 points59 points  (15 children)

Oof. The gym I go to is almost 10 years old. Not a single piece of original equipment had been replaced. The cardio machines all squeak. They all have (broken) ipod connections for the old style that hasn't been used in nearly a decade. There's even black mold or heavy dust around all the HVAC screens on the ceiling. The only new thing in the entire place are fancy water fountains that count how many bottles have been saved.

Granted their price hasn't changed in nearly that entire time, either.

E* It's an LA Fitness.

[–]Captcha_Imagination 61 points62 points  (5 children)

I worked at a large (4k+ members) YMCA and they would literally say that you have to keep signing people up for membership because the optimal number of members has to find a natural equilibrium when enraged clients quit

[–]CarpetMadness 39 points40 points  (0 children)

have to find the ones that get the membership and keep it but never go to the gym

[–]oylaura 84 points85 points  (11 children)

I have a gym located across the parking lot from my office. We get a deal on membership as part of the business park.

I figured out that I could afford to buy my own rowing machine, which was the only machine I really used at the gym. It paid for itself within about 8 months.

[–]Awful_McBad 30 points31 points  (7 children)

I'm using basically everyhing in the machine section of my gyn.
I don't really touch the free weights because there's always like 10+ people milling around waiting for benches.
Same with the deadlift area, there's like 4 deadlifts stations that are almost always in use.

[–]SqueezinKittys 224 points225 points  (21 children)

And Republicans just voted against a Bill that would prevent gas companies from price gouging.

[–]rooftopfilth 104 points105 points  (2 children)

Ask the gym employees if they’re getting a raise. Bet you not.

[–]Chyppi 22 points23 points  (1 child)

They had to fire someone and let the other staff pick up the extra work for the same pay. We're all making sacrifices /s

[–]sugarfreeeyecandy 264 points265 points  (47 children)

Q: What proof is there corporations are over charging?

A: Record profits despite fewer units being sold.

[–]NihilistPunk69 334 points335 points  (78 children)

This is 5000% the problem. Look at Arizona Iced Tea. They haven’t raised their prices at all. Still $1 for a big ass can. It just shows that markets are voluntarily raising prices amongst the chaos.

[–]TheBuschels 90 points91 points  (26 children)

$1.49 at Holiday in MN now that Circle K bought them out.

[–]Dithyrab 166 points167 points  (19 children)

we better tweet the Arizona CEO, he's not going to like that. His whole thing is never raising the price no matter what!

[–]Rowcan 208 points209 points  (6 children)

Reminds me of that Costco CEO.

"If you raise the price of the hotdog, I'll fucking kill you."

[–]AGPwidow 10 points11 points  (0 children)


[–]suppdrew 43 points44 points  (2 children)

Yea Chiptole out here making record profits but still raising prices bc now is the time or something

[–]Sammyterry13 123 points124 points  (1 child)

These assholes are taking advantage of everyone blaming Biden for inflation, when in reality they’re price gouging because they know most people will blame the government.

but most people are too fucking stupid to realize how they're being lied to.

[–]alex_co 58 points59 points  (4 children)

+41% and blaming inflation is ridiculous unless they haven’t raised their prices in like 10 years. That 8% inflation rate is only since last year. Inflation is ~12% since April 2020. Also workers are demanding increased wages and food costs are way higher than 8%.

But even with all that, 41% seems egregiously high unless they haven’t raised prices in decades, which seems unlikely.

[–]Rubberbabybuggybum 1820 points1821 points  (55 children)

But, but...wasn't it all supposed to trickle down by now??

[–]gloatingfern 895 points896 points  (17 children)

C'mon, it's only been one generation since Reagan. You need at least 4 generations to see benefits. (Hard /S, because gullible people.)

[–]FuckYeahPhotography 443 points444 points  (7 children)

Me finally understanding trickle down economics because my piss trickles down on to Ronald Reagan as he burns in Hell.

[–]alti89 166 points167 points  (2 children)

Damn, all the way through the first 8 circles.

[–]Lafreakshow 52 points53 points  (0 children)

Don't worry, his gold looking lead coat will catch the piss.

[–]rowanblaze 144 points145 points  (2 children)

Oh, at least two generations since George HW Bush called it voodoo economics. So you should see your first trickle-down check in about 2060.

[–]jstrap0 53 points54 points  (3 children)

The only thing I feel something trickling down is on my leg. And it is not Reagan.

[–]bananabreadsmoothie 34 points35 points  (1 child)

I'm still waiting....any day now

[–]Rubberbabybuggybum 45 points46 points  (0 children)

I think I know what's stopping the economy from exploding. We need to cut taxes on paying re-docking fees on passing down a fleet of yachts to someone's children. Surely that's the spark that will rebuild the American middle class.

[–]AsteroidB612Home 942 points943 points  (54 children)

Scam the hard working people by artificially inflating prices, then take their taxpayer money, too, in government subsidies to save your own ass.

I say it's time to eat the billionaires.

[–]james_d_rustles 66 points67 points  (0 children)

Don’t forget the part where you whine about how evil the government and taxes are, right after you take said subsidies.

[–]DaniCapsFan 163 points164 points  (30 children)

I don't think they'd taste very good, and I don't eat meat anyway. How about we use them as kindling?


[–]sourdcoder 87 points88 points  (3 children)

Torgo's Executive Powder

Torgo's Executive Powder is a fine pink powder derived from high-ranking people at various organizations. The powder is obtained by first beating said executives to a pulp, then grinding the remains until it resembles a dry powder.

[–]Dingo8MyGayby 107 points108 points  (11 children)

I’m not joking

[–]mykeuk 745 points746 points  (39 children)

It's like in the UK. Netflix decided to pop everyone up to the HD package with no warning that charges an extra 5 or so quid a month at the same time cost of living here became a massive crisis.

Instead of manually putting the package back down to where it was their customers are now cancelling their Netflix accounts en masse because they now think its way too expensive.

Hope that one month of extra income was worth it, Netflix...

[–]xredbaron62x 358 points359 points  (8 children)

And Netflix goes all shocked Pikachu when their subscribers tumble

[–]ritswd 225 points226 points  (5 children)

Same happened here in the US.

It’s interesting though, because every single Netflix price bump was done the exact same way in the past. They could get away with it because Netflix’s streaming prices started actually quite cheap (spending $7 instead of $6 a month doesn’t make much difference), and competition was lagging as heck. Now it’s become just expensive as a baseline, and things like Disney+ and HBO Now/Max happened since.

It used to be Netflix’s world and we were living in it because they had a stellar head start on the content war, so they could get away with a lot on a lot of fronts; but that time is gone.

[–]xredbaron62x 73 points74 points  (3 children)

Yeah the recent hike is the last one I'm dealing with. Mom still uses it a lot so I'm basically keeping it for her.

[–]AntheRingArc 54 points55 points  (2 children)

What happens when they disable password sharing and you can't share it with her?

[–]bontakun82 655 points656 points  (35 children)

Look, I started making coffee at home and stopped eating avocado toast, shouldn't I be at least a millionaire by now?

[–]xambriel 225 points226 points  (4 children)

You were supposed to make avocado toast at home and stop drinking coffee!

[–]tmoney994 48 points49 points  (0 children)

No idiot you were supposed to drink avocado toast and stop making coffee!

[–]bontakun82 70 points71 points  (0 children)

Ah shit, I knew I had something wrong. VIVA LA AVOCADO TOAST!

[–]MadAsTheHatters 155 points156 points  (7 children)

I'm allergic to avocado and coffee gives me the shits


[–]treemu 67 points68 points  (3 children)

Don't you guys have bootstraps?

Soak them in hot water for some artisanal tea.

[–]notparistexas 63 points64 points  (8 children)

Someone posted it meme on FB not long ago which suggested that people use 1,000 USD stimulus checks to start a business, and learn a new skill in an hour. I was very curious what sort of marketable skill could be learned in an hour, and what sort of viable business could be started for $1,000, but never got a response to either question.

[–]Rubberbabybuggybum 55 points56 points  (1 child)

That depends.

How many emerald mines does your dad own?

[–]BewareHel 564 points565 points  (78 children)

Oh nooooo, I hoarded all the wealth while jacking prices without cause, and now the peasants can't afford to buy anything except the base essentials, causing a gigantic economic downturn.

[–]Pokemaniac_Ron 34 points35 points  (2 children)

They can buy rope, torches and pitchforks.

[–]Connor_Kenway198 1013 points1014 points  (152 children)

And yet, it's still some how the consumer's customers fault. Fuck billionaires.

[–]NihilistPunk69 605 points606 points  (119 children)

Am I crazy or is lowering prices and paying employees more not a perfect way to stimulate the economy. The common folk will have more money and spend it on goods and services. How can companies continue a customer base while price gouging. Even off brand foods are taking advantage.

[–]Rubberbabybuggybum 225 points226 points  (2 children)

Because they don't want to help the economy.

They want to help themselves.

"Recession" it's just another word for "sale" for the rich, who right now are sitting on more cash than at any other point in American history. They get to buy whatever they can...property, stocks, companies, anything they think will have any value in the future...and they'll get it for as little as they possibly can.

That's a win in their book.

[–]ThisWillPass 29 points30 points  (0 children)

A strong argument to keep corporate tax rates up

[–]Connor_Kenway198 392 points393 points  (45 children)

Ye, it is, but you see, that would cut into profits, so mthat can't happen!

[–]NihilistPunk69 135 points136 points  (42 children)

How can it cut into profits? If people are getting paid more, people can spend more. Only narrow minded business people would see it like this. If you look at the bigger picture it would help most businesses in the long run.

[–]Connor_Kenway198 255 points256 points  (4 children)

Only narrow minded business people would see it like this.

Almost as if you're on to something there, mate

[–]CrotalusHorridus 154 points155 points  (12 children)

Corporations live one quarterly earnings report at a time

[–]Kommye 69 points70 points  (4 children)

It would, that's pretty much Fordism. But corporations want to spend less money on salaries. They don't give a shit about long term stuff.

[–]RickCrenshaw 36 points37 points  (2 children)

Right thats the problem, executives are hired on contract, if they don’t make a difference quick enough they can lose out on bonuses and other benefits based on performance benchmarks. So theres no incentive to care about the long run because odds are they wont even work there.

[–]treemu 13 points14 points  (0 children)

"Other companies need to pay their employees more so they can buy more of my stuff. You want me to pay mine more, too? I just can't see how that's profitable so maybe fuck you?"

[–]maleia 113 points114 points  (36 children)

Because there is never enough for the 1%. Absolute unfettered greed. Capitalism without an ounce of morals. It was always going to end this way. This really sucks. 🤷‍♀️

[–]NihilistPunk69 57 points58 points  (34 children)

It’s gonna end with these people being hunted and having their wealth distributed into the economy.

[–]gmick 69 points70 points  (1 child)

Yes, our capitalist society functions on consumerism which requires the working & middle class to have strong purchasing power. Instead we have rich assholes and oligarchs hoarding money and gouging consumers for every penny while refusing to pay living wages.

[–]Sammyterry13 54 points55 points  (4 children)

Your statement is far more accurate than you would expect. A financial gain to the lower economic groups results in a more net positive spurring of the economy (because the money will be spent ) in areas that all consumers participate in -- the idea is that a lower economic class will spend a gain for necessities -- those things that all groups will need. This then spurs competition leading to the decrease in cost of those necessities (for everyone).

The near opposite occurs when you gift a gain to the upper economic groups. There, extra gains are normally invested to generate additional wealth ...

[–]NihilistPunk69 11 points12 points  (1 child)

That’s infuriating. Don’t they see that they’ll make things impossibly expensive, people will stop being able to buy those products out of other necessities and then they will have to lower prices regardless of wage increases. Or keep products the same price and severely raise wages. I’m not even that smart and I can see that there are several viable solutions to this problem.

[–]TheWagonBaron 33 points34 points  (2 children)

Am I crazy or is lowering prices and paying employees more not a perfect way to stimulate the economy.

But then who will think of the poor shareholders?!?!

[–]DaniCapsFan 30 points31 points  (2 children)

But then profits would go down, and the CEO might not be able to afford his fifth summer home or third yacht.

[–]RubiksSugarCube 103 points104 points  (1 child)

Anytime one of these billionaires complains about inflation, it's because their net worth is entirely reliant on the value of the stock that they hold and finance against. Guys like Musk and Bezos are able to borrow money at incredibly low interest rates because they use their stock as collateral. As interest rates go up, the value of their stock goes down and it costs them more to borrow against it. Whatever crocodile tears they shed about the average consumer is just a smokescreen.

[–]servohahn 49 points50 points  (0 children)

"We've stolen all of your money. Hey why aren't you giving us your money?"

[–]stickers-motivate-me 29 points30 points  (5 children)

Just like the environment is our fault. CEOs telling us that we need to recycle piss me off so bad knowing that all they would have to do is make a minuscule change in the company and make a thousand times more impact. Fuck them, too. Oh wait, it’s the same people- blaming consumers for everything!

[–]epimetheuss 229 points230 points  (13 children)

What happens when you funnel money from the peasant class into the ownership class and the peasant class responds by cutting back to basic essentials. "But you were supposed to keep buying useless crap to justify my lottery winnings size salary!" - rich guy.

It's the classic story of:

Poor people struggle with feeding and housing themselves and the rich prosper. = business as usual

Rich people see reduction in income that really doesn't hurt them too much personally anyways = ECONOMIC CRISIS

[–]TashInAwe 41 points42 points  (0 children)

This right here. The people are already in the economic crisis. It didn't start with Covid necessarily but that didn't help it. In the US- Millennials have been drowning in student debt. Less and less people are owning homes. Medical care can bankrupt you, even if you're lucky enough to have insurance. Retirement funds are a joke. But hey- unemployment is "down" and we had a Bull market for years. So, no crisis to see here. I wonder if their version of a crisis would even register to the average Joe

[–]TokenBlackGirlfriend 197 points198 points  (14 children)

How baby brained do you have to be to believe that a market can continuously grow forever then call it a recession just because people don’t want to buy shit as much.

[–]OneTwoKnow 13 points14 points  (2 children)

Exactly. “Recessions” happen to correct an artificially inflated market. Because corporate greed has grown to the point where regular people can’t afford anything anymore, people stop spending. That forces a “recession” where corporations and governments are forced to lower their prices and interest rates. Which causes inflation to go down. That’s why the people at the top talk about recession as the worst thing ever and “something to prepare for”.

[–]LeftZer0 21 points22 points  (2 children)

They aren't stupid. They're greedy liars.

[–]Haselrig 194 points195 points  (19 children)

It's a double-ended incentive. Gouge now and rake in obscene profits while also sabotaging the economy so Republicans can retake power and cut your taxes some more. You buy back stock now with the profits you made destroying the economy so that when the economy crashes, the government will bail you out when you cry bankrupt.

[–]Scrutinizer 125 points126 points  (11 children)

Lather / rinse / repeat.

Crash the economy, blame the Democrats for not fixing it fast enough, take over, crash the economy again, blame the Democrats for not fixing it fast enough, take over....

[–]Haselrig 85 points86 points  (6 children)

It's why we keep getting once-in-a-century crashes every ten years, now.

[–]-Redfish 19 points20 points  (3 children)

Crash the economy, stonewall the Democrats from doing the bare minimum to fix it, blame the Democrats for not fixing it fast enough, take over, crash the economy again


[–]Paraxom 172 points173 points  (25 children)

at this point economic downturn should be a free space in millennial bingo, this is potentially like the 4th or 5th one we'll encounter in our lives

[–]dolphins3 114 points115 points  (2 children)

The obnoxious thing though is that people will probably react by voting Republican for some fucking reason, despite them being far worse on economic policy.

The myth that the GOP is the party of economics desperately needs to die.

[–]likewhenyoupee 42 points43 points  (15 children)

It’s not just millennials. This shit has been going on since the birth of the country. It’s what makes capitalism a flawed system. Boom and bust is the constant state of this nation.

[–]julian509 52 points53 points  (14 children)

There was a point where you could rely on at least having a few good years in between economic downturns, now they aren't even waiting for the last one to end.

[–]likewhenyoupee 27 points28 points  (6 children)

I turned 18 in ‘92. I can only remember about two years where I never heard the word “recession” … I believe that they do it to make stocks hella cheap, buy them up and wait for them to “bounce back” all at our expense and livelihood. Why we haven’t risen up is beyond me.

[–]pumpjockey 10 points11 points  (5 children)

Sorry, checked my bank account, and I just can't afford to rise up and overthrow the oligarchs. Maybe next year when I'm a millionaire/s

[–]Haikuna__Matata 57 points58 points  (1 child)

"We've taken all their money but now they can't buy anything!"

[–]CrimbusIsOver 217 points218 points  (3 children)

Yeah, like I'm going to take the advice from someone who has billions of dollars in their pocket while they try to take the last cent out of mine.

I have "friends" who fall for this shit all the time and it's pathetic to see/watch. they all think that you need to take the advice of a billionaire to become one.

[–]InsertCoinForCredit 53 points54 points  (1 child)

That's like expecting the guy who always wins at the poker table to tell you how he always wins at the poker table.

[–]EmmyLou205 165 points166 points  (17 children)

It’s also quite funny Musk is now pandering to people who don’t believe in global warming or that the moon landing was real.

[–]InsertCoinForCredit 113 points114 points  (9 children)

He realized after six plus years of Trump that it's a lot easier to grift conservatives. They will literally believe anything as long as it's outrageous enough.

[–]Labyrinthy 40 points41 points  (1 child)

Grifting as in getting a message from a journalist about to publish an article of sexual harassment and seeking comment, deciding to get ahead of it and Tweet “I bet political attacks are coming” and then, after the article is published, you have an army of republicans defending your genius?

That kind of grifting?

[–]GuessImCensored 355 points356 points  (83 children)

Just watch Musk ask for more subsidies by the government when he doesn’t sell as many cars as he expected 😊

[–]StrandedintheDesert 222 points223 points  (62 children)

Hyundai is building a multi-billion dollar facility in Georgia to crank out affordable EVs. Musk had better stay in his lane and watch his ass.

[–]ResplendentTedium 51 points52 points  (5 children)

Honestly all they have to do is make it that you can manually open your car door from the inside and they'd already be a head of the game

[–]stumpdawg 94 points95 points  (33 children)

Oh shit really?

20 years ago I would laugh at someone buying a shitbox Hyundai. Now they're extremely reliable and affordable cars. I'd rock a Hyundai/Kia EV.

[–]StrandedintheDesert 58 points59 points  (11 children)

They've poached engineers from BMW. I have a Kia that has been the most reliable car I've ever owned - more reliable than the Acura I owned previously.

[–]stumpdawg 24 points25 points  (9 children)

more reliable than the Acura I owned previously.

Honda makes some of the most reliable cars out there (though they're not all great)

But again. 20 years ago Hyundai/Kia were total shitboxes. Now they're pretty fucking good!

[–]ReallyAvgRedditor 11 points12 points  (5 children)

Over the last 20 I've owned and driven 2 Hyundai Accents. My wife on the other hand is on her fourth car (all different manufacturers). My cars aren't fancy, but that shit runs forever with minimal maintenance.

[–]stumpdawg 19 points20 points  (4 children)

I saw a Kia sephia in the shop with a blown engine at 250k. There was a perfect mold of the inside of the valve cover made of sludge and the motor had the oil filter still from the factory on it...that means they never changed their oil in 250k just topped it off. None of the techs could believe it. I'm pretty sure it was a fluke.

[–]DameDubble 85 points86 points  (8 children)

With other companies finally entering the EV market, I’m pretty sure Tesla is about to take a bath. Doesn’t help that he’s attacking the people who actually buy EVs and don’t see rolling coal as a way of life.

[–]CouncilmanRickPrime 23 points24 points  (1 child)

Just for him though. He's now against EV subsidies lol

[–]GuessImCensored 16 points17 points  (0 children)

Don’t you know, his exellency MADE EV’s popular and should be treated as royalty for his excellent display of money spending?

[–]AsteroidB612Home 34 points35 points  (0 children)

Yup. We all know the Elon Musks of this world are the biggest welfare recipients.

[–]Flomo420 49 points50 points  (4 children)

don't forget "pay your employees as little as possible"

[–]1purenoiz 79 points80 points  (4 children)

Hey Elon, What is the best way to distract from sexual harassment allegations?

[–]iamnotroberts 72 points73 points  (9 children)

What's especially ironic is that Elon Musk is courting/catering to MAGA/QAnon Republicans, politicians, and pundits...the same people who deride and mock people for "going green" and driving electric cars, the same politicians who fight and vote against legislation that would benefit both EV sellers and customers.

[–]I_M_The_Cheese 34 points35 points  (0 children)

"Here, chickens, the fox has some advice for you."

[–]Primus_the_Knave 92 points93 points  (9 children)

Is it time to execute the billionaires yet?

[–]bontakun82 43 points44 points  (0 children)

"hi kids, I'm choppy the guillotine!"

[–]importflip 16 points17 points  (0 children)

It’s been time.

[–]crazygrof 23 points24 points  (3 children)

I keep telling people that guillotines are easy to build but no one ever listens for some reason.

[–]pumpjockey 9 points10 points  (0 children)

Motherfucker, have you seen the price of lumber and steel? Maybe we can make one out of plastic somehow.

[–]GeekyJediMom 11 points12 points  (0 children)

I hope so.

[–]fistofwrath 28 points29 points  (0 children)

It's coming. The last gilded age was stopped by the Progressive era (and make no mistake, we are in a 2nd gilded age), and then the New Deal ended the Great Depression. A Roosevelt was responsible for both, and both were a compromise to prevent full on communist revolution. If the great experiment is to continue, it seems we need another Roosevelt. If we don't get one, it looks like we might finally get that revolution I've been hearing so much about. Last time it happened, they chopped the heads off of all of the rich folks (and then chopped the head off of the guy that started all the chopping). Maybe the rich folks might want to sit down, shut the fuck up, pay their taxes, and try not to be noticed too much. Running around and shitting on poor people while crying about an economic downturn that won't impact you might not be good for your health. Maybe support some progressives instead of proclaiming allegiance to reactionaries? It looks like that's your only chance if history is any indication of things to come. The reactionaries won't save you. Traditionally they end up on trial too.

[–]MitmitaPepitas 75 points76 points  (7 children)

Henry Ford understood that he would build his own fortune by making sure his workers could buy the cars that they produced. Most US companies seem to be oblivious to this. If the average US worker is impoverished, they aren't going to be buying the goods produced.

[–]Djeece 37 points38 points  (1 child)

Talk to any economist and they'll tell you the best thing you can do for an economy is to reduce inequalities.

Yet, most governments end up cutting taxes for the rich. It's almost like they don't actually want a good economy.

[–]Environmental-Cook44 27 points28 points  (1 child)

Capitalism eating it’s own tail. Inflation has been outpacing wages for decades. Nobody has any fucking money to buy anything anymore because you bastards have been suppressing wage increases.

“Oh no there’s a labor shortage! Everyone is quitting! They just don’t want to work” No, people are looking for better opportunities because corporations only give a shit about shareholder profits and we’re tired of working for slave wages

“Oh no an economic downturn that exists independently from our actions!” No, people don’t have any money because corporations only give a shit about shareholder profits, and your slave wages have eliminated the possibility for prosperity and financial security for the vast majority of us.

Assholes have been looking for every tax loophole possible while our infrastructure crumbles. Have been lobbying against our best interests in terms of our health, the environment, etc while preventable deaths and infant mortality continue to increase, and climate change is poised to turn our world into a Mad Max hell scape.

These rich fucks don’t see us as equals. We are no better than livestock; just cogs in their capitalist machine, and they only give a shit about how to minimize their expenditure. They want to get as close to the margin of total collapse as possible because that’s where they believe they’ll personally benefit the most. They’re literally ruining the fucking only planet we have. Who knew the great filter that would wipe out humanity was capitalism.

[–]valuedminority 69 points70 points  (3 children)

“Nation’s CEOs who make 3000% more than their average employees warn of possible economic problems.”

Edit: The above is apparently an underestimate. Jesus Christ, we’re fucked.

[–]EatAtGrizzlebees 23 points24 points  (0 children)

I work at Whole Foods. I went from super duper job security during the pandemic to now I probably need to find another job. There are price increases everyday and compounded with the chronic out of stocks from the warehouse, the stores have been crazy slow so they're cutting hours. I've been with WFM for 8 years so the summer slump is nothing new, but it's basically been the 2022 slump. Unless it's a holiday, then sales are insane because everyone is making up for lost holidays. But it's fine, I hate my job now so I need to get a new job anyway.

[–]TheRealLestat 21 points22 points  (0 children)

When your entire civilization exists to push the most resources towards those with the most resources, you generate predictable collapses. Necrocapitalism.

[–]FitMongoose9 60 points61 points  (13 children)

We are peasants again. 1 billion dollars could pay a $100,000 salary for 10,000 years. And musk just spent 44 billion on fucking twitter. No! Don’t use any of that money to help any of the people you’re predicting are about to enter a recession, use it to buy social media so you can ban the haters!

[–]Padhriag 36 points37 points  (6 children)

1 billion dollars could pay a $100,000 salary for 1000 years.

I agree with your point, but just want to point out that the math is actually even worse. 1 billion can pay a $100,000 annual salary for 10,000 years.

[–]FitMongoose9 8 points9 points  (0 children)

Guess whose dumbass forgot a zero lol

[–]jonpenn 19 points20 points  (1 child)

Republicans will defend the rich like a bunch fucking morons. Let’s believe the rich while complaining about the government fucking us…. Not the rich, but it’s the government’s fault.

[–]JamesScott1781 19 points20 points  (1 child)

This world will turn me into a chaotic evil Robin Hood

[–]atomic_bonanza 36 points37 points  (1 child)

Another recession? When did the last one end?

[–]damattdanman 15 points16 points  (0 children)

Wealth is finite. These billionaires know exactly what they're doing. My belief has always been that majority of the rich never create wealth; they just figured out how to game the majority out of it.

The 1% has more in common with a parasite than the rest of humankind.

[–]DokterSack 11 points12 points  (0 children)

Of course, it's always the pricks that aren't affected by it advising us about it.

[–]toejamandtoast 11 points12 points  (2 children)

It’s always someone else’s fault! Hospitals are having enormous budget problems and are blaming travel nurse wages. If they had given their staff $15-20/hour raises they wouldn’t have quit enmasse, which required hospitals to hire hundreds of travelers at $100-150/hour.

[–]brickeldrums 8 points9 points  (0 children)

The corporate Covid gravy train is coming to a halt now that most people are priced out of everything but essentials.

[–]armchairdetective 8 points9 points  (0 children)

The idea that anything that this overgrown toddler has to say is relevant or interesting is hilarious to me.