Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why (opens in new tab)

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmfulIt was bound to happen eventually: Elon Musk has become the planet’s . Until recently, economists who spoke about “trillions” were describing the GDP of the largest economies or the accumulated value of bequests on their way to the heirs of today’s billionaires. The term is not often used in daily conversation, let alone to describe the wealth of an indivi...