Unfortunately the democrats have no sense, which is why they have ghouls like hillary clinton continually floating around in the background even after she lost against a clown and everything she touches turns to shit.
A lot of this is on paper. For example, if they're calculating potential retirement age based on stock market returns then they may be in for a rude awakening if the longest bull run of all time (minus the covid disruption) ends. But what are the odds of that, right? Surely housing prices will also rise forever too.
Imaginary property has always been a tricky concept, but the law always ends up just protecting the large corporations at the expense of the people who actually create things. I assume the end result here will be large corporations getting royalties from AI model usage or measures put in place to prevent generating content infringing on their imaginary properties and everyone else can get fucked.
The main reason why turkey supported HTS is this right here. Watch as the country continues getting broken into many pieces and eaten up by these vultures.
He gained the vast majority of his riches from Tesla stock. According to this page outlining Tesla ownership, he owns about 20% of the company and that 20% alone is worth about $280 billion right now. How is it considered worth that much? Well, long story short, the stock market is detached from reality. People like to claim that it's rational but we're talking about an automotive company worth more than the next 62 or so automotive companies combined even though it produces a fraction of the vehicles of the others.
The only remaining argument to justify the value is future potential and some claim the stock market is "future looking" as if it can tell the future. What lies in the future for Tesla is apparently robotaxis, robots, and some other AI-based vaporware. People also claim that the batteries are a huge advantage for Tesla, but Tesla doesn't make the cells and they're not involved in the chemistries, they're just assembling cells into batteries. This is where China would absolutely destroy them, but of course Musk got the government to protect his ass by slapping 100% tariffs on Chinese EVs.
Speaking of the government, he also gets lucrative contracts from the government for SpaceX. He's one of the biggest welfare queens of all time. Tesla was saved early on by carbon tax credits (which was the only money maker for Tesla for most of its life), another policy government that built up Musk to what he is today. He likes to think of himself as some rugged individual capitalist, but he'd be nothing without the billions in government support.
Lots of AI-generated/asset-flipped trash that can be safely skipped.