Markokenya
1 min readNov 13, 2021

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Thank you for keeping it thoughtful and avoiding sinking to the populist type of emotional rant that is not economically coherent.

I would add that not all billionaires have necessarily done anything to help humanity. Some 'dark' billionaires are heirs to fortunes and spend their time protecting their assets from the taxman and generally walling themselves off from contact with ordinary people. Richard Branson, Elon Musk, Marc Benioff, Ben Horowitz, and many other 'creator' billionaires have arguably made our world vastly better than had they not existed, and I believe deserve to own great wealth for their achievements. Rebecca Mercer, the remaining Koch brother, the Saudi royal family, and most heir billionaires, not so much. Lorene Powell Jobs is heir to her husband's Apple wealth and has spent her life giving. Similarly, Jeff Bezos' ex wife is a huge philanthropist.

If Elon Musk dilutes his TSLA shareholding he risks a boardroom coup where - like Steve Jobs or Travis Kalanik - he may be ousted and replaced by a puppet from a private equity consortium. This would be a copper nail for TSLA. No private equity partner on earth would be capable of advancing TSLA's cause because these people do not have the intellect to do what Musk does. They are bureaucrats and politicians.

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Markokenya
Markokenya

Written by Markokenya

San Francisco geek, entrepreneur, wannabe economist, mediocre equestrian

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