.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.
SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.
Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.
SpaceX will materially bring down the cost of compute, advancing AI and humanity.
Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.
The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.
Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.
Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.
Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.
Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.
We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.
Barack Obama reveals he would listen to Eminem's "Lose Yourself" & Jay-Z's "My 1st song" to prepare for his presidential debates.”
“These were always in my rotation because they felt suited to my early underdog status.”
@ronmortgageguy How much are we subsidizing these operations through taxes?
When has government ever proved to be strong business operators?
Good opportunity to trim the fat
The Netherlands is introducing a 36% tax on unrealised investment gains - stocks, bonds and crypto.
You owe 36% on paper profits even if you haven't sold.
But that's not the worst part...
You will still owe taxes on those assets EVEN IF they had fallen in value before the tax bill arrived.
The Shopify CEO called it "the dumbest thing any government on planet earth is pursuing right now."
He's not wrong.
@ronmortgageguy From the BNN article..
A sovereign wealth fund is a state-owned investment fund that uses government surplus reserves to invest in financial assets like stocks and bonds but is independently managed.
SURPLUS RESERVES? 🤔
@ronmortgageguy I agree @ronmortgageguy
This is dumb and makes no current sense
Our deficit is massive and our government is growing vs shrinking
We need to reduce the size of government and reduce the deficit first and foremost