David B.

Pronouns: 🖕/🖕

[Konstantin Kisin @KonstantinKisin]

I think possibly the best thing about Elon Musk becoming a trillionaire is how angry it makes a bunch of losers who've never built a thing in their lives.

[Charles Gasparino @CGasparino]

Or you could stop demonic wealth and encourage more people produce stuff people want and become billionaires or even trillionaires that employ working class people and give them healthcare. Pretty simple

[C3 @C_3C_3]

Elon created $1 trillion of value.

Congress created $39 trillion of debt.

Elon’s wealth is not the problem…

[James E. Thorne @DrJStrategy]

For the record.

SpaceX, Hayek, and the Progressive War on Wealth Creation

The progressive left clings to the fantasy that wealth is manufactured by the state and its pet technocrats rather than by entrepreneurs who risk their own capital to create real value.

In their mythology, government planners are the heroic “designers” of prosperity, while the private sector is a problem to be taxed, regulated, and morally lectured. As Hayek warned, “the more the state ‘plans’ the more difficult planning becomes for the individual,” and progressives are determined to make individual planning all but impossible.

Their entire project rests on a basic fraud, confusing redistribution with creation. Social-democratic and socialist progressives boast about “fairness” and “equity,” but their toolkit is nothing more than confiscation and reallocation, slicing the same pie thinner while pretending they’ve baked a new one.

Hayek’s point that “there is all the difference in the world between treating people equally and attempting to make them equal” goes straight over their heads, they weaponize the latter to justify endless expropriation from those who actually produce.

The manufactured outrage on the progressive left over the SpaceX IPO is not about fraud, abuse, or failure, it is about their ongoing indoctrination campaign to portray success, risk-taking, and genuine wealth creation as moral crimes. A private company goes from “10 percent chance of success” to one of the most valuable enterprises on earth, and their instinctive response is not admiration or curiosity, but rage that such achievement is even allowed to exist. They see Elon Musk’s trillionaire status not as the byproduct of extraordinary innovation and execution, but as a kind of cosmic theft that must be punished by the tax state.

This is entirely consistent with the broader progressive project, socialize resentment, demonize entrepreneurial gains, and condition the public to believe that any concentration of wealth outside the state is inherently illegitimate. Hayek saw this coming decades ago when he warned that central planning steadily erodes the scope for individual initiative, because the logical end of their ideology is a public that no longer dares to think in terms of independent ambition or long-term wealth building. Progressive leaders feed this mindset daily, insisting that “rigged” markets and “oligarchs” are the problem, while cleverly leaving the state, and its favored constituencies, as the only acceptable repositories of power and resources.

Their reaction to SpaceX is a case study in this pathology. A company that has slashed launch costs, expanded human access to space, and built critical strategic infrastructure is reduced in their rhetoric to a symbol of “inequality” and “greed,” precisely because it exposes how much more effective decentralized, risk-taking capital can be than bureaucratic planning. The message encoded in their fury is clear, do not build, do not risk, do not aspire, unless it is under the watchful, confiscatory eye of the state.

$SPCX

[David B. @Davidab79]

@JonahDispatch @SeanTrende All this is is envy. Pure envy.

[David B. @Davidab79]

@mehdirhasan @mcuban So what? What is it with this envious bullshit. Everyone has the freedom to go out and be the best they can be. Why punish people who are successful. This is just plain envy.

[David B. @Davidab79]

@GuyTalksFinance @mrs_basketballj Bunch of envious people whining about this. That’s all.

[Bill Ackman @BillAckman]

.@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.

[Ken Gardner @KenGardner11]

I don’t know about "Republicans," but this is a fair if oversimplified statement of what Republicans generally — and correctly — believed before the Trump years.

Want you describe so euphemistically in the "what Democrats believe" paragraph is, in fact, some toxic combination of statism, fascism, and socialism.

[David B. @Davidab79]

@e_skjer @yesh222 Your type of thinking leads us to Venezuela or Cuba. No thanks.

[Ben Shapiro @benshapiro]

If you're very concerned about extroardinary wealth leading to concentration of power in government, may I suggest a system of horizontal and vertical checks and balances, restricted to limited and enumerated powers?

[The Drunk Republican @DrunkRepub]

“Elon didn’t earn that money.”

[Joel Berry @JoelWBerry]

Go back to Uganda, you 3rd-world communist thug.

[Dinesh D'Souza @DineshDSouza]

In their worldview—also called progressivism—Elon Musk is a villain and George Floyd and Karmelo Anthony are model citizens. Journalism is now the megaphone for twisted degeneracy.

[Ari Fleischer @AriFleischer]

THIS is exactly why socialism never works.

There is no one in the government, and especially in the US Senate, smart enough to know how much money someone else should earn.

In America, the sky is the limit. We don’t impose a 100% tax on earnings above a level set by the government.

Socialists do that. And that’s why there are no trillionaires, billionaires or rich people in socialist countries. Everyone is in poverty together, except for people in government. They’re the only rich ones.

[Dinesh D'Souza @DineshDSouza]

Elon has created thousands of millionaires. The only millionaire you’ve created is yourself. Elon is a wealth creator. You are a looter. While your title is POLITICIAN, your real profession should be called THIEF.

[David B. @Davidab79]

@AOC Why don’t you provide a service yourself so normal people can see a doctor? Why do you need to be a thief and take what someone else created? Why don’t you create something of value yourself?

[Will Chamberlain @willchamberlain]

Ro Khanna is worth $230 million!

How about you donate $200 million of that first before you talk about stealing anyone else’s money!

[John Ʌ Konrad V @johnkonrad]

Millionaire here. Let me explain how Elon Musk became so rich.

He is 10x smarter than me and I’m 10x smarter than you.

That combined with one small piece of factual knowledge you haven’t learned yet: Marx and Mao were retarded.

[David B. @Davidab79]

@Davidsi86612571 @redwallreality @lewis_goodall @afneil So you should be able to do the very same thing Elon did then. Go ahead. Lol