I wouldn't be surprised if this reaches some Musk fans, so if it does then most likely you'll enjoy this recent news regarding Musk.
According to Business Insider (full link to articles will be down below), Elon Musk has joined the likes of Jeff Bezos in terms of net worth as he has also joined the centibillionaires club with over $100 billion dollars tied to his name.
This great jump in wealth for Musk can largely be attributed and thanks to the great rise of Tesla's stock, having soared more than 400% this year. Musk along with seeing great gains in his net worth has also seen other great milestones this year, such as the launch of US astronauts for the first time via his SpaceX company.
The Discrepancies Within The Current Economy
With much of the main street economy still seeing some form of another of an economic shutdown, the number of people that are looking to Unemployment in order to make ends meet is still very high as according to ABC, over 1 million people are still filing unemployment claims.
And as long as this drags out, you can expect the number of claims to climb
Why You May Ask Why I Included These Two News Stories Within The Same Article?
The intent of me including the news story discussing the weekly unemployment claims alongside the Elon Musk Net Worth story was not in any way to display any kind of envy or hatred towards Musk (in my views, I give him congrats for finding a way to make his companies valuable during times like these), it's to simply show how the rules of the game are not leveled in any balanced way.
The simple reason why it seems like Main Street is getting crushed at the moment and companies like Tesla and Amazon are seeing record gains is because their businesses are allowed to function more or less exactly as they were before the pandemic while in Main Street, many small businesses were forced to closed down, some for good.
In order to properly diagnose problems prevalent in the world, we have to understand how to properly analyze facts as we see them.
A simple question that we could all be asking is, why are businesses like Amazon and Wall-Mart allowed to continue their businesses with little issues and flourish but your average small-business must shut down and be forced to go out of business?
Let me know if you agree or not with my quick take of the day 💪.
Articles Cited: https://www.businessinsider.com/elon-musks-wealth-surpasses-100-billion-half-of-jeff-bezos-2020-8
https://www.cnn.com/2020/05/30/tech/spacex-nasa-launch-astronauts-scn/index.html
https://abcnews.go.com/Business/weekly-unemployment-claims-top-million/story?id=72647960
Stay Hustling