Elon Musk fights to keep custody battle in Texas, where he'd only have to pay $2,760 a month in child support - eviltoast
  • Potatos_are_not_friends@lemmy.world
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    1 year ago

    Reminder. He’s a billionaire.

    $2760 a month is about $33,120 a year.

    According to this calculation, he makes $46,303,000 A DAY.

    For context:

    At $33,120 a year, he could fund 1,398 child support babies with a single day of work.

    And there are Elon-stans.

    • Phoenixz@lemmy.ca
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      1 year ago

      Small reminder that Elon Musk doesn’t have that money in his bank account.

      The only reason why his net worth is that high is because he has stock in the stupidly overinflated (and now quickly deflating) Tesla.

      He had to pull loads of stock from tesla to buy twitter (after he was forced to do so by courts because he said he would) and still had to borrow money because he simply doesn’t have 44 billion. Quick side note: payments with interest for those loans are due, good luck paying those billions from a company that lost.over half its value, asshole!

      If he pulls all his tesla stock then telsa would completely crash, he’ll never get access to anything near 166 billion.

      I’m sure he has a few millions in liquid assets, but he is VERY far from making millions per day. The way he’s going right now, his ex wife better hurry because he’ll be bankrupt within a few years.

      • Teritz@feddit.de
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        1 year ago

        His Money in the Bank Account and his Net Worth are 2 different Pairs of Shoe but Elon takes a Credit for Multiple Millions (cheaper than having a Wage) and then giving them Stocks as Security.

        He totally can afford to have his Child getting more than 33k in a Year.

  • lefaucet@slrpnk.net
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    1 year ago

    I always wondered why Musk keeps taking X around to all the things and never any of his other kids.

    I previously attributed it to getting good PR.

    I now sees it’s how he’s going to “win” against Grimes.

    Doucheladdle

    • Patches@sh.itjust.works
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      1 year ago

      I mean does anyone feel bad for Grimes?

      It’s not like it was some big secret he was an egomaniac years ago.

  • MuuuaadDib@lemm.ee
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    1 year ago

    After watching his management skills in business, I suspect his being a father isn’t a great thing for his kids.

  • Ulrich_the_Elder@mastodon.social
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    1 year ago

    @return2ozma If the shitstain did not buy twitter he literally could have handed each of his children a billion dollars and still be richer than if he had not bought twitter. He does not appear to be very bright.

  • Kethal@lemmy.world
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    1 year ago

    An expensive coffee costs $5. For a person that makes $100,000 that’s 0.005% of annual income.

    Musk’s annual cost would be $33,120 for all three kids. I don’t know his annual income and because a lot of his worth is in stocks it’s probably hard to figure out and highly variable. I’ll do some pretty stupid math and say he’s worth 185 billion and he’s 52, so he’s made 3.5 billion a year.

    Musk is fighting to pay an annual cost for all three of his three kids of 0.0009% of his annual income, a amount proportionally less than what many spend one day on coffee.

    • root_beer@midwest.social
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      1 year ago

      Consider also that the median household income is $74,580 and is actually on the decline from a couple of years ago. The median household income.

    • Phoenixz@lemmy.ca
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      1 year ago

      Again, no. Musks networth was somewhere around 160 billion because of stocks in the stupidly overinflated tesla. The tesla bubble is already inflating like hell and with that I’m sure he’s losing networth like hell. If he continues current course he’ll be bankrupt withing a few years.

      Either way, the money he has in his bank accounts is NOT the same and probably in the tens of millions tops.

  • ExfilBravo@lemmy.world
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    1 year ago

    I love how all we need to do to find loop holes in the system is try to apply a law to the rich and see how they try to wiggle out of it. Then we close that loop hole. Seems like a pretty good system to me!

    • Pasta4u@lemmy.world
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      1 year ago

      What’s the loop hole ? It’s over 32,000 a year for the child. A child doesn’t require 32,000 a year. The mother wants to move the case and get more child support so she can use it on her self and her life style.

      • root_beer@midwest.social
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        1 year ago

        I’d argue that Musk needs that $32,000 even less. It’s a rounding error to him. This is Smaug, fighting over a rounding error. Stop begging to gobble his knob.

        Also, that’s for three kids.

        I take it back. Choke on that knob.

      • IHadTwoCows@lemm.ee
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        1 year ago

        What is your point here?: A) Musk deserves a break B) Never side with women

        Which is it?

    • JoBo@feddit.uk
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      1 year ago

      It wouldn’t even cover the childcare you’d need while you work to keep a roof over all four heads.

  • Flying Squid@lemmy.world
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    1 year ago

    For fuck’s sake… imagine finding out your father, the richest man in the world, fought to only have to pay your mother less than $3000 a month in child support!

    • rastilin@kbin.social
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      1 year ago

      I think out of all the things I’ve heard about Elon Musk, this might be the thing that disgusts me the most.

    • mojofrododojo@lemmy.world
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      1 year ago

      where $3k a month is literally a rounding error on the dickface’s net worth. I bet he spends $3k a month on rogain.

    • Illuminostro@lemmy.world
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      1 year ago

      Well, if he didn’t live there and have to pay so litttle, he woudln’t be the richest man in the world, would he?

      /s

    • ImFresh3x@sh.itjust.works
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      1 year ago

      For three kids. So 1k each.

      It’s not about the money. It’s about power. He needs her to need him, because no woman in their right mind would fuck with him without that dependency.

    • WashedOver@lemmy.ca
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      1 year ago

      It’s like he’s taken a page out of Steve Jobs’ book but not gone as far to say the kid isn’t his at all

    • RushingSquirrel@lemm.ee
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      1 year ago

      The issue is not that it’s to limit to less than 3k. It’s to have a limit at to begin with (California doesn’t have any, so it might cost him dozens or hundreds of thousands a month). Plus, maybe he’s got more chances to keep custody (shared) in Texas than California.

      • Flying Squid@lemmy.world
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        1 year ago

        so it might cost him dozens or hundreds of thousands a month

        Oh no! The man worth hundreds of billions might have to pay far less than 1% of his wealth to his kids! They’re bleeding him dry, I tell you!

        • LufyCZ@lemmy.world
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          1 year ago

          He wouldn’t be paying it to his kids though, but their mom.

          $3k in child support is more than most get, who said he hasn’t set up a trust fund for the kid when it grows up / isn’t giving it stocks / inheritance?

          • Flying Squid@lemmy.world
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            1 year ago

            Because there’s no way he could possibly do both of those things.

            And he definitely should be paying lawyers to fight this in court. I’m sure his kids will really love to hear about that one day.

            • LufyCZ@lemmy.world
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              1 year ago

              Again, the kid’s gonna have enough support to have a comfortable childhood, much more than the average child probably.

              This money is going to the mom, Musk might not want that, and I honestly think that the majority people would feel the same way in his place.

              Don’t get me wrong, Musk is a dumbass, but people around here get blinded by emotions and hatred towards him and don’t even try to think about the situation at all.

              • Flying Squid@lemmy.world
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                1 year ago

                How would you like it if you heard that your dad, the richest man in the world, fought against paying child support for you because it would only go to your mother anyway?

                Do you think that would make you think highly of your dad?

                • LufyCZ@lemmy.world
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                  1 year ago

                  Depends entirely on the circumstances.

                  Did I have a nice childhood? Did I get to go to all the clubs I wanted to go to? Did I get the education I wanted?

                  In my opinion, having too much money is harmful for a child, best to keep it in a fund for college / a downpayment.

                  3k a month is enough.

    • Bell@lemmy.world
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      1 year ago

      Imagine spending $100/day solely on your child. This is a crazy amount of money already, why is everyone upset?

      • TheDoozer@lemmy.world
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        1 year ago

        Oh, you must be unaware of who this is. He is (or was, we’ll see after his Xitter debacle) actually one of the richest men on the planet, and despite being able to pay thousands a day solely on his own child without even noticing, he’s going to great lengths to avoid paying more than the absolute bare minimum for his own child.

        Hope that clears it up.

        • RushingSquirrel@lemm.ee
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          1 year ago

          The mother still pays and is very capable of providing. 3k is not the bare minimum when it’s, by decree, the maximum allowed by the state.

          It’s not because you can spend that you should and want to spend your money (I could spend more than I do, I prefer keeping some for emergencies and special projects and investments.

          Texas has a child support limit, but it might not be the only reason he wants to do it the, he might have more chance to keep custody there over California.

          People keep downvoting anyone who is not against Elon Musk, no need to be supportive of him, just simply stating that some arguments against him might be wrong is enough to get downvoted to hell.
          This is just Reddit all over again.

        • Bell@lemmy.world
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          1 year ago

          In what world is $2700/month “the absolute bare minimum” for a child? What amount seems reasonable to support a small child?

          Or, more to the point, why is everyone pretending that’s not an outrageous amount?

          • GutterPunch@lemmy.world
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            1 year ago

            The same world that produced the USDA Expenditures on Children by Families Consumer Expenditure Survey results, in which that amount is similar to other numbers. The US government may or may not have artificially inflated these numbers for intrinsic benefits. Depending on how you slice the numbers or what variables in that child’s life are at play, a child can easily cost more than $2700 a month, but millions of families also raise multiple children simultaneously on less money than that. In the same world where rent prices on 1-2 bedroom places can start upwards from $1500/month, what values do make sense? The answer to that depends on whether we’re talking about Musk or actual people.

          • Killing_Spark@feddit.de
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            1 year ago

            Because it’s not an outrageous amount if you are one of the richest people on earth. It’s all relative.

      • idiomaddict@feddit.de
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        1 year ago

        And on California rent… child support doesn’t need to go directly to your child, groceries and rent/utilities are also considered a valid use

  • girlfreddy@lemmy.ca
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    1 year ago

    Musk is a scumbag from the get-go.

    If he didn’t want to support his kids he never should have had any.

    Wearing a condom isn’t that hard to do.

    • RozhkiNozhki@lemmy.world
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      1 year ago

      Iirc he believes that it’s his duty to procreate and produce as many white people as possible to prevent replacement.

      • SocialMediaSettler@lemmy.world
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        1 year ago

        And yet he’s too lazy to give his “awesome Aryan super race” kids half decent names. And even his Dad was a technocrat nazi who despised the peasants. The gene pool behind this fucker should have been laid to waste a long time ago. Absolute parasite.

      • NotMyOldRedditName@lemmy.world
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        1 year ago

        The replacement part is bullshit made up to hate.

        He thinks EVERYONE needs to have more kids as the world is going to run into major problems with population decline, like is happening In Japan if trends continue.

        I don’t agree with him, but he is advocating for everyone, not white people.

        Edit: and he has talked about this many times, it’s not new.

    • paultimate14@lemmy.world
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      1 year ago

      Its even crazier than that.

      With his first wife, their first child died of sides and they actively used IVF. They then had a set of twins and a set of triplets (I’m assuming they were all via IVF, but I’m not sure). One of those children is the estranged trans person who changed their last name.

      His two children with Grimes (including the one this article is about) were via surrogate.

      He’s not just refusing to wear a condom. He’s a lively spending thousands of dollars, and women are undergoing surgery, in order to have children for him to neglect. It’s bizarre.

      • Illuminostro@lemmy.world
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        1 year ago

        I’m convinced that it’s some transhumanist scheme to download his consciousness into one of his brood via the Neuralink bullshit.

      • girlfreddy@lemmy.ca
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        1 year ago

        He’s had more since …

        Twins with Neuralink director of operations and special projects Shivon Zilis in November 2021.

        A third child with Grimes, named Techno Mechanicus, according to a book review published by the New York Times on Sept. 9, 2023.

        • paultimate14@lemmy.world
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          1 year ago

          Oh thank you. I was not including the naturally conceived children. But I see now that this article is about Techno Mechanics, whose details are less publicly available.

          Although if Grimes has been pregnant in public I’m sure some gossip magazines would have reported on it.

    • grue@lemmy.world
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      1 year ago

      Fuck musk.

      Do you want him to have even more kids? 'Cause that’s how he gets even more kids!

      • ashok36@lemmy.world
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        1 year ago

        Nah, most of (all?) his kids seem to be ivf babies. It’s either down to his need to have perfect embryos to choose from a bunch or he hates sex or he’s ruined by porn or some combination of the three.

        Honestly, I think that’s part of which he has taken his one kid being trans so badly. He chose their gender for them before they were even implanted. How dare they try to change after he made the decision.

        Deranged behavior either way.

      • FuglyDuck@lemmy.world
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        1 year ago

        well, there are ways to do so so, without the risk of children. I’m more concerned he might like it.