@nettermike Socialist fucks only want votes and getting rich without risk. 4,400 employees of SpaceX became millionaires because they had the OPPORTUNITY to work hard and invest in a risky business.
Fuck OFF! The stock market value of a corporate share is not cash in the bank.
Shareholders already pay tax on capital gains.
Owning stock is about controlling your business and, when needed, reinvesting after-tax cash into another business.
Taxing unrealized gains is socialist garbage, forcing entrepreneurs to give away control of their businesses and depriving other businesses of private capital.
If the stock loses 50% value the next day, the socialist countries having these bad policies do not refund the tax!!!
@FrankPallone If you want equality go to North Korea. They are all equally poor.
Elon Musk employs 160,000 people plus suppliers and sub-contractors.
4,400 of them became millionaires last Friday; only in America!
@libsoftiktok@TheAtlantic Any idiot can become a journalist, and most of them are liberals trying to convince readers they are smart.
They usually have no entrepreneurship experience and cannot grasp what it takes to lead a giant innovative company.
It is not a paradox. It is the same failed socialist model that you find in several countries in the EU. Bigger government, less accountability, waste of money, harmful policies, and telling people what to think with promises that tomorrow will be better if they raise the tax. It always results in fewer businesses, more unemployment, a middle class becoming poor, and more poor people because they have fewer opportunities to find a job or create a business.
Wolfgang, why do you want to move electricity from space to earth? Electricity is generated in space to be used in space. Don't you have satellite TV and a GPS?
In the USA we have a capitalistic system. We don't confiscate private property like socialist shit holes do in Europe. Only the USA offers the opportunities to create giants.
If you don't believe in the space market, that is fine. It is not about phallic obsession (your idea). If the US doesn't, China will control space over Europe and take over the moon within ten years.
@EdMarkey You should use your brain more often.
SpaceX writes contracts to render launch services for a fraction of what it would cost with ANY competitor => The government is saving a LOT of money.
I'd rather have my tax money used on SpaceX than Boeing... (Remember Starliner?)
@GBNEWS@Caiwilsh This is not about the system, it is about your gross misconception of what a corporation share is and what the creation of wealth can accomplish for the people. Socialism is a failure everywhere. It makes everybody poor.
Get a life.
@hippyygoat Liar. He paid more taxes than anyone else, and he will pay even more taxes in the future.
He employs 160,000 people before counting all the suppliers and subcontractors.
How many jobs have you created?
Get off your screen and find a real job.
.@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.
Liar. In 2021, he paid more taxes than any other taxpayer. Musk paid an estimated ~$11 billion (total federal + state taxes), often cited as the largest single-year individual tax bill in U.S. history. This primarily resulted from exercising Tesla stock options and selling ~$14 billion in Tesla shares to cover taxes (federal portion estimated around $8–11 billion depending on sources). Furthermore, you should not confuse subsidies with service contracts nor share value with taxable income.
@derektranCA45 Stop your BS, thousands of Elon Musk employees became rich. Capitalism offers opportunities to all, unlike socialism that make everybody poor except the elected POS at the top.
@DarrigoMelanie You’re an idiot. Thousands of SpaceX employees became millionaires today.
No one is exploited. Only the USA’s capitalism provides opportunities to everyone. If you are a lazy ass, you can move to the EU and see the world grow without you.
@AaronRegunberg Go back to school. SpaceX SAVES a huge amount of money to the government because its launch cost is only a small percentage of what it would cost from the usual Nasa contractors.
@RepSaraJacobs You want him to sell his shares to pay more taxes, meaning less reinvestment into his businesses, jobs creation and opportunities…you already tax the rich.
Why do you want to turn the USA into a fucked up socialist country?