After the headlines broke revealing that Elon Musk has reached trillionaire status, one viral post dubbed the revelation “one of the most horrifying sentences written this century.” That an increase in an entrepreneur’s stock valuation on paper takes that title in the eyes of so many might come as a shock to all the recent victims of war, genocide, and famine. But it’s sadly indicative of the economic illiteracy underlying much of the online meltdown after Musk’s record-breaking valuation.
First, the masses seem to have a complete misunderstanding about what Musk being a “trillionaire” actually means.
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