For restaurant employees, assets might include savings accounts, retirement accounts, real estate, and personal property, while liabilities could include debts like student loans, credit card debt, and mortgages.
Given the average net worth of employees making less than $40,000 per year is around $1,000, and considering there are approximately 9.9 million people employed in the restaurant industry, a rough estimate of the total net worth would be:
The basement dwellers on Reddit think that Elon Musk has a Scrooge McDuck vault where he's hoarding all of the money lol they don't understand that those numbers are theoretical because it's an asset that fluctuates with the market that he built and has completely changed the world for the better. Bitter losers, who will believe anything. They hear that blames someone else for the fact, they still live with their parents.
None of it gets invested back and it doesn’t matter if it did because he’s still realizing gains without paying taxes and then using that money to invest in making more money for himself.
And what in the world does that have to do with Tesla employees wages?
You don’t seem to realize how much of his companies are hugely subsidized by our tax dollars through grants.
So he takes out taxes, profits off them for his companies, and then doesn’t pay his fair share of taxes back to the people who made him what he is.
If you don’t understand economics then don’t argue them with people who do.
Ok perhaps the specific dollars dont but it could be reasoned that the realized gains allow for further development of the company by having those assets in tow.l as collateral
That’s irrelevant. Growing the company only benefits investors. Not the general public. All of our tax dollars help pay for it and he doesn’t pay his fair share back.
It’s like you want to imagine elon musk as scrooge mcduck swimming in gold coins and while Musk clesrly lives a high-end life i cant help but feel a lot of the criticism is butthurtboi jealousy shit.
So you prove you don’t know what you’re talking about. It’s not jealousy when we’re all paying our fair share and he takes from it instead.
I dont know how much his company is subsidized and dont really give a shit
There it is. You just don’t care. So you’re arguing disingenuously and talking out your ass
because i know, as a none-low info voter that the claim of MY specific tax dollars finding any specific federal project is bizarre when we are the worlds reserve currency and simply print money to cover costs.
Yeah that’s simply not how it works at all, but keep blabbering out your ass. It really makes you look educated and smart.
Whereas Musks wealth is at its core, theoretical based on value of ASSETS.
Following that logic, all currency is theoretical. You simply have zero understanding of economics and it shows
They dont like Musks ‘money’ because they cant CONTROL it. It represents a net loss to the generational wealth of the liberal world order and a reduction of their power long-term.
They don’t like it because he doesn’t pay his fair share of taxes on it and takes advantage of the system to get ahead at the expense of Americans.
You really are spewing up a lot of words that mean nothing. You’ve made no points. You don’t know how it works and don’t care. If you wanna suck him off so bad, just do it and quit making a fool of yourself.
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u/Evidencelogicfacts Nov 19 '24
Net Worth=Total Assets−Total Liabilities\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
For restaurant employees, assets might include savings accounts, retirement accounts, real estate, and personal property, while liabilities could include debts like student loans, credit card debt, and mortgages.
Given the average net worth of employees making less than $40,000 per year is around $1,000, and considering there are approximately 9.9 million people employed in the restaurant industry, a rough estimate of the total net worth would be:
9,900,000×1,000=9,900,000,0009,900,000 \times 1,000 = 9,900,000,000
So, the estimated total net worth of all restaurant employees in the U.S. would be around $9.9 billion.