Posts Tagged ‘Greed’

Musk Wants to be a Trillionaire … Why?

Tuesday, November 11th, 2025
Elon Musk dances with a robot after getting his trillionaire dollar payoff from Tesla.

Elon Musk dances with a robot after getting his trillion dollar payoff from Tesla.

By Bob Gaydos

If you’re a billionaire, why do you need to be a trillionaire?

This not-so-rhetorical question occurred to me the other day when I read that shareholders of Tesla had voted to give the company CEO Elon Musk a one trillion dollar bonus, salary, gift, whatever you wanna call it simply because he asked for it. In company shares.

This would make Musk, already the richest person on the planet, a million billion times richer I think. It’s hard to multiply all those zeros.

So I ask again, why? And, before I proceed any further, let me give due credit to singer Billie Eilish, all of 23 years old, who inspired this question when she had the presence of mind and maturity to ask a room full of very rich people, including some billionaires, “If you’re a billionaire, why are you a billionaire”?

Really. Why? Eilish, who already has a string of awards for such hits as “Bad Boy,” “Birds of a Feather” and others, with which I am also unfamiliar, asked the question as she accepted an award from WSJ Magazine.

But she didn’t just ask the question; she gave the reason behind it. As she addressed the celebrity-studded audience, she said: “We’re in a time right now where the world is really, really bad and really dark and people need empathy and help more than, kind of, ever, especially in our country. I’d say if you have money, it would be great to use it for good things, maybe give it to some people that need it.”

Umm, yeah. For the record, Ellish who has an estimated net worth of $50 million, also said she is donating $11.5 million of the proceeds from her Hit Me Hard and Soft tour to support organizations fighting for food equity, climate justice, reducing carbon pollution, and combatting the climate crisis.

So, great, now that I have sufficiently buried the lead, what about Elon Musk? Why does he need to be a trillionaire? Why does he even need to ask for $1 trillion? And why do people think he deserves it?

He wants to replace people with machines that will do all the work and thinking they used to do. He spent a couple of months in Donald Trump‘s Oval Office office trying to eliminate every possible job in the federal government, while collecting information on American citizens. He dismantled USAID, cutting off crucial food supplies to starving people. He seems intent on populating the world with as many mini-versions of himself by as many willing partners as possible. All white.

He seems utterly divorced from all the problems of his native Africa and he has been known to throw an occasional Nazi salute. Yet he has convinced millions that he is a genius and also a genius at making money for them. (Sound familiar?) This, even though cars are still not really driving themselves and he’s nowhere close to putting anyone on Mars, curing cancer or ending violence in the Middle East.

The big corporate stockholders in Tesla, perhaps feeling Musk already had too much power and money, voted against giving him the trillion dollar payday, but the retail shareholders felt otherwise.

They voted— 75 percent of them no less— to give Musk up to $1 trillion over 10 years if the company meets a list of benchmarks such as selling 1 million humanoid robots. Again, to do much of the work that those people who voted for the big payday for him now still do.

That presumably would include artificial intelligence writing columns like this informing humans what a wonderful life they have now that they have nothing to do. They won’t even have to worry about “those people“ taking their jobs from them. “Those people” will presumably just go about doing whatever “those people” do. And Musk, in addition to producing robots and mini-Musks, will do whatever trillionaires do. In that regard at least, he really can be a trailblazer.

Paradise will be delivered, overnight by Amazon, courtesy of greed and willing ignorance.

***

(PS: We’re told that Mark Zuckerberg, who was in the audience, did not put a like on Eilish’s comments.)

 

Gather My Patriots and You Shall Hear

Friday, October 17th, 2025

IMG_8035
By Bob Gaydos

You’ve heard of the ride of Paul Revere?

One if by land, two if by sea?

The British are coming …?

Forget it. They’re here.

 

The tea to be dumped

Is a rodent named Trump.

A king, in his eyes.

On a throne built on lies

and fear and anger and lust

and greed.

 

I’ve got mine is his line.

I want yours is his screed.

 

So rally the troops

And take to the streets.

For no kings shall we have

in this land of the free.

Nor rich man’s tax cuts and tariffs

On tea.

No kings, hear us sing,

Shall we ever abide in this land of the free.

 

And pray, please remember, be strong,

but be wise.

Do not smile or sing till you see the whites of their eyes.

They’ll be wearing red hats, possibly masks

or military guise.

‘Tis a sham, a charade, a fearful display

which their belligerence belies.

 

Not at midnight comes this ride

to echo Revere,

But at high noon across the land, so that

all the world should hear.

 

Our country, ‘tis of thee,

sweet land of liberty.

Of thee we sing.

 

In this land of the free,

we shall have no king.

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With respect and apologies to Henry Wadsworth Longfellow.

Labor Day 2050, the Last One?

Sunday, August 31st, 2025

By  Bob Gaydos

The future workforce.

The future workforce.

   Labor Day, 2050: “Attention, all humans. Your services will no longer be required in this establishment as of 5 p.m. Friday. Severance payments will be automatically deposited in your living accounts. Thank you for your service.”

    The familiar, warm voice on the loudspeaker was that of Art Intel, the general manager of the establishment, as all businesses had come to be described. No one knew why, but it didn’t seem to matter. That’s the way the robots liked it.

    The humans understood. They had seen this day coming for some time, but had long ago given up hope of avoiding it. The proof was too strong to ignore. The robots were simply stronger, smarter and more adaptable than they were. They got along better with each other. They never complained. Or got pregnant. When they got “sick,” they could easily be fixed. Or replaced. They didn’t need lunch breaks. And everything worked so much more smoothly.

    There had been a time some years back when humans first invented artificial intelligence and robots that some humans warned about placing limits on how the superpowers of the machines could be regulated so as not to cause harm to society. To make sure that greed, a human emotion, would not drive the creators of AI, as it was called, to seek ever more ways to get richer by developing ways that humans wouldn’t have to do many things they had been doing much of their lives.

    But many humans liked the idea of not having to work at some tasks. They thought the extra time could be spent traveling or watching and betting on sporting events, or something. So when labor unions started warning about the possibility of their jobs being lost, many humans dismissed it. Their elected leaders wouldn’t allow it, they said. They will protect us.

    But that didn’t happen. The so-called leaders, being human, could not resist the temptation of large sums of money being offered to them by the creators of AI to simply “trust them“ to do no harm. And so, the need for human intelligence quickly gave way to the speed, efficiency and economy of AI. Everyone saw it coming, yet no one saw it coming. Those who warned about the risks were simply ignored or shouted down. Some just disappeared.

     Soon, the computers begat robots which became smarter and begat more robots. Together, they did everything: cooking, cleaning, driving, building, writing, farming, teaching, acting, thinking. And they could fix each other. Humans, even those who had created such wonderful machines, didn’t need to be bothered with such things. They could have all the free time they wanted to do whatever they wanted to do. Art Intel would take care of everything.

    What could be so bad?

     On Labor Day 2051, the robots voted to eliminate Labor Day as a holiday, since they saw no need for it.

       

   

    

 

    

 

Cryptocurrency’s Cryptic Rise and Fall

Tuesday, December 6th, 2022

By Bob Gaydos

The original cryptocurrency.

The original cryptocurrency.

   I admit it. I’m a crypto cynic. I didn’t get it from the start. Still don’t.

       Who created it? Why? What was the point? What was the need? I could already spend money in a flash on my phone. My bank and various other accounts were always urging me to access my money electronically. Cash was still cash, whether I folded it or used PayPal.

        Then there was the obvious question: How do I get some Bitcoin (the original cryptocurrency) and how do I know what it’s worth? There was all this “mining” of currency, basically some computer geeks spending thousands of hours on computers typing in digital codes to create algorithms that other geeks accepted as currency to conduct a transaction. To play a video game maybe or buy some cool electronic stuff.

      If you didn’t have the patience or skill to create your own currency and protect the codes, you could, eventually, “buy” some crypto. From a “bank” or “exchange” with, you know, hard cash. Money.

        Crypto turned into a major commodity, something to invest in, rather than an alternative monetary system.

         Why? Greed apparently. Having “invented” some kind of cool, alternative “money,” the geniuses behind crypto apparently figured that convincing people with a lot of real money that owning a lot of too-complicated and shakily supported “crypto” money was too good an investment to pass up.

      In other words, it was something to have, not to spend. The IRS, of course, had figured that out quickly, taxing crypto as a commodity, not income.

      Anyway, a lot of not-so-rich people have also been victimized by the current crypto meltdown and it all turns around trust, an important thing when you’re talking about money. Can you trust the bank that your money is there and available when you want it? Pretty much, yes. No real problems of late. The government keeps a watch.

       But who was watching crypto? And, more to the point, if it was supposed to be a one-to-one point of sale exchange program, as created, how did all the other people get involved?

      Again, greed.

      Cryptocurrency grew as an investment with no one really watching over it and, dare I say, with most people never really understanding it. It was “money” that was, in a practical sense, not really good for anything but having. Gold at least has some intrinsic recognized value.

      Perhaps not surprisingly, like a magic trick, as mysteriously as it was created, crypto started disappearing, along with the real cash money people had invested in it. But it wasn’t through some modern computer wizardry. Rather, apparently through some good, old-fashioned larceny.

        The folks who created one of the unregulated exchanges to buy and sell crypto apparently just stole their customers’ real cash (reportedly billions) to invest in some other stuff. Apparently they couldn’t use crypto to do it. You know, to get around the banks and all those annoying regulations. They’ve filed for bankruptcy. So the real money is gone, the astronomical price of cryptocurrency has fallen and no one apparently knows whom to trust in a field that relies entirely on trust.

       What’s the message here? I don’t know. Maybe to make sure there’s a need for something before inventing it. Maybe to make sure what you invent isn’t too complicated for most people to use. Maybe to make sure you can trust someone to whom you are giving lots of your money to invest and you understand what you’re investing in. Maybe, that greed finds its way into pretty much any enterprise that involves money, real or imaginary. Or just maybe that was the idea all along.

     Whatever, I still don’t get it.

rjgaydos@gmail.com

 Bob Gaydos is writer-in-residence at zestoforange.com.

Soto, Trump, Ego, Greed: America

Monday, July 25th, 2022

By Bob Gaydos

Report: Washington Nationals Will Entertain Trade of Outfielder ...

For Juan Soto, is the sky the limit?

   Greed. Power. Ego.

    The fuel for the engine of America today. Some might say, with justification, thus has it always been. Perhaps. But in the here and now of 2022, it seems to be more prevalent, more inescapable, more baffling and depressing.

      I offer two recent examples, one a major sports story, the other a story for the history books.

— Juan Soto, a 23-year-old outfielder for the Washington Nationals, turned down a contract extension offer from the team of $440 million for 15 years. Now, that is enough money to guarantee that, even with a minimum of financial prudence, young Soto’s future children, grandchildren, great-great grandchildren, etc. will have a comfortable start in life. “That’s generational money,” as a friend of mine put it.

       So why did Soto reject the offer? Well, obviously he thinks he’s worth more. He’s already won a batting championship, after all. He’s a home run-hitting machine. Fans love him.

       Still, $430 million is not chump change. Even over 15 years. It’s more than any other ballplayer has ever been offered. But it’s a little less than $30 million a year and there are reports that this fact irks the young superstar. For those who don’t follow the inflated world of baseball salaries, there are  superstars on other teams with contracts that do not total as much as the one offered to Soto, but whose average annual salary is more than $30 million.

      What an insult! The nerve of the owners of the Nationals. Don’t they recognize his worth? Let’s see what other teams will offer.

       Ego. Greed. Power. 

       Apparently the Nationals’ owners know that Soto, who has two years left on his current contract, is worth a ton of money to put fans in the seats, but they also know they have to pay other people they employ as well. Fans always want teams to pay their favorite stars what they want. Owners always want to, you know, make a profit and win games without giving away the store. After all, if $430 million isn’t enough for today’s superstar, maybe a half billion won’t be enough for the next hot shot.

     And really, when is enough enough? I don’t begrudge special recognition for special talent in any field, including sports, but it’s not as if the Nationals went cheap on Soto. He’s doing what he loves to do and is being rewarded handsomely for doing it well. In many societies, this would be a reason for some humility. Gratitude even. 

      I know. I’m out of touch. Greed. Power. Ego.

     — The other example has been in our faces for months. The Jan. 6 congressional hearings have demonstrated beyond any doubt that there was an attempted coup, by force and other extralegal means, planned and promoted by Donald Trump and his cadre of fascist Republicans. Greed, power and ego at their worst.

       Ignore high gasoline prices. The fact that millions are still OK with what Trump et al attempted and that other millions agree with Soto’s line of thinking are proof that greed, power and ego are what really keep the engine of America running today. We need to find a new formula, and soon.

rjgaydos@gmail.com

Bob Gaydos is writer-in-residence at zestoforange.com.