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Truly and honestly think about how bad rich people are with their money. It's literally insane to be that bad at something you're famous for.
This brought to you by the $120 million that Elon Musk has given the Fascist.
@RickiTarr
And how bad CEOs are in public relations, just watch any CEO talk about a data breach or mass firing like they are blaming its users and/or former employees. They can't take the blame and double down destroying the company's reputation and leaving them looking like clowns.
@Andres OMG YES, corporations are even worse with money, all short term thinking
@RickiTarr It's like you spending on a nice bottle of bubbly. The disconnect they have is for a reason.
When I've worked bar shit and film studio shit and heard some of the convos these people have, you get filled with rage because you realize you, and all this stuff that matters so much to a large large swath of the world, is meaningless to them. They are talking about where they will have brunch next while not giving a single fuck about anyone.
@RickiTarr people talk about how poor people are poor because they're bad at managing money but rich people aren't actually any better with money they just can afford to waste money without having to worry if they'll still have a roof over their head
if anything I think poor people are better at managing money because they know they have to make the most out of the little bit they have
@waitworry @RickiTarr "I'm obviously a good driver, my car has no dents in it because it's never been in a crash."
"When did you buy it?"
"Last month."
"Why did you buy a new car last month?"
"I crashed the last one."
@waitworry Yes, the poorer you are, the smarter you have to be about money just to survive.
OTOH, the system babies affluent people: they just invest their surplus wealth in well-regulated financial instruments and it earns even more money (with minimal risk), while various specialists take a commission to do the thinking for them.
That's not an option for much of the world's population. This book is a bit old now, but still interesting:
(1/2)
@david_megginson
> the poorer you are, the smarter you have to be about money just to survive
100%. Which is why Indymedia, a global media network set up by anarchists and other broke malcontents, was able to run our operations on the smell of any oily rag. I'd wager the Washington Post website costs more to run in a month than we spent on the entire Indymedia tech infrastructure in a decade.
(2/2)
Of course there is the embarrassing fact that the Washington Post still exists, whereas much of that Indymedia infrastructure no longer does. Mainly because it relied 100% on volunteers. I reckon there's a sweet spot between the 2 extremes (corporate media and broke media), and it looks something like platform cooperatives;
@RickiTarr it brings me joy that Kevin Spacey is refusing to leave the house he can’t afford, that he may be evicted for (no one deserves homelessness! But he also has also gotten away with too much)
The Blind Fraggle @RickiTarr I do always find it amusing hearing about how Twitter's stock is going down though.
@RickiTarr@beige.party I think something that is relevant here - Rich people do not have to worry so much regarding "risky" investments. A poor person who is living paycheck to paycheck does not have enough free money to gamble on random stock. Compare this to a rich person who can invest their money in a large portfolio (of stock, assets, bonds, etc). To a rich person who has cash free at all times what's a couple mil to something that may not pan out? To the poor person who spending an extra $10 will cause an overdraft (and incur a large fee ranging from a couple bucks to upwards of $200...) they're not exactly inclined to just start throwing money at random shit and seeing what sticks.
@RickiTarr@beige.party Also more relevant: The rich person can pay $200 for a good pair of shoes that lasts a decade, while the poor has to pay the cost of cheaper shoes. We see this all the time, it's why walmart and other stores are able to get away with selling "cheap" goods that break after a couple of uses. They deliberately prey on people who cannot afford something that lasts long term. Being frugal is not easy when you cannot justify paying the extra cost. I don't remember who originally came up with this example but the shoe thing will always be prevalent to me. A rich person can have a wardrobe of fancy shoes, from dress shoes, to tennis shoes, to boots, to flip flops. The poor can only afford a couple pairs at max. Do they care that their dress shoes are black? that they do not have beige/tanned? I only have one pair of dress shoes (they are black, and they don't fit my feet quite right but I do not often go to formal events so it's not a deal breaker). You take this to the extreme and realize that a lot of interviewers require you to dress formally, and that clothes themselves are a bit classist (rich people can afford a diverse wardrobe of things like tuxedos and other formal dress attire while the average person may have a couple of collared shirts and that's it).
@RickiTarr@beige.party Sometimes people can't afford that initial investment on quality clothes just to score an interview. It's things like that which make it prevalent on why rich people can spend their money in ways that seem almost inconceivable to the rest of us. It's not that they're just "bad with money" it's the fact that they don't really have the same consequences as we do. So what if they dump a couple mil in businesses that fail? The likelihood that at least one of them returns on investment is pretty high. They have safety margins we don't. Consider someone who is still paying off their mortgage and cannot afford to just lose all their money to gain it back later as an investment pays off, they need money now not later. Payday loans and other predatory techniques exist to capitalize on this.
@RickiTarr remember in 2020 when every major company screamed at the government to force everyone back to work because they couldn't make any money with everything shut down?
it's like that but more as the comments have said 
@RickiTarr
That $120 million is an investment for EI*n, he's bought tax breaks and a cabinet position if the fascist wins. I fear this is also him trying to position himself to run for POTUS in the near future. None of it bodes well for our country.