@grahamformaine I think Trump calling you a thug and the worst person to ever run for office is the only time I can say Trump was guilty of understatement
Why do leftists defend criminals and not victims? Why do they seemingly support decay in quality of life? Why do these “social justice warriors” who say they oppose racism appear racist against Jews and Whites?? Why do these allegedly non violent people use violence?
@FHustede@entropyrian@ConceptualJames I see the woke right less as “co- conspirators of the left” and more “grifters”. The Megyn Kellys and Tucker Qatarslons of the world are just run of the mill con artists who go with the cash flow - no morals, no standards- just grift.
With the SpaceX IPO, @elonmusk could become the first official trillionaire.
Who did that wealth come from? Did he take it from someone?
The answer: NOBODY! It was created out of thin air, and his innovation adds to the overall economic pie, making us better off in aggregate without taking from anyone.
Here is how wealth creation actually works, and why capital markets and innovation are positive sum games:
1) It’s all "paper" wealth
Elon didn't receive a massive wire transfer today. He owns roughly 4.8 billion shares of SpaceX, shares that were created from thin air and didn't exist decades ago. When public investors priced the IPO at $135/share, the market simply put a higher price tag on what he already owned. It’s all unrealized gains.
If he sells someone will give him $135 cash and they will get $135 of stock. That $135 of stock is net new wealth in the economy, now representing potential future unrealized gains for the new owner.
2) The Economy is Not a Fixed Pie
A common myth is that for one person to get richer, someone else must get poorer. But when a company builds a brand new global capability, like a reusable rocket network or Starlink, the economic pie expands. This might destroy competing companies, but it's what we call "creative destruction" - it destroys other firms in the process of creating something better and more valuable.
3) Market Cap creates "New" Value
Value is driven by expected future productivity. When collective optimism pushes a stock price up, wealth is instantly generated across ALL shareholders simultaneously. No one had to lose a dollar for Elon's paper net worth to rise.
The Bottom Line:
An IPO doesn’t transfer wealth from others; it capitalizes innovation. Musk’s trillionaire status isn't cash taken from the economy, it's the market pricing the future value of the infrastructure he built. It's accretive to the economy as a whole and reflective of the innovative value entrepreneurs create.
@MonicaCrowley Ask yourself why leftists want to deface monuments or allow them to fall into disrepair…
Simple - decaying or defaced monuments is “evidence” of decline. And with decline, eventually you get “replacement”
On a daily basis the Biden Administration turned over hundreds of alien children who had been smuggled across the border to unverified and unknown adults (almost always illegal aliens) who requested them. Thousands of times multiple minors were handed over to the same illegal alien adult. The Biden Administration never even met these adults: they gave the minors to third party contractors and the contractors drove the minors to the unknown adult “sponsors.” The “official” addresses on government forms usually faked or abandoned. Then, the Biden Administration would administratively close the case ensuring that the minor would disappear.
@entropyrian@ConceptualJames This is why their anti-semitism is “acceptable” - and why the idiots on the woke right are falling into another leftist trap- again.
@entropyrian@ConceptualJames The new Left uses “oppressor/oppressed” to get around the uncomfortable conflict in their social justice ideology. To a classic liberal, racism in all forms is wrong. To the new leftist, racism against oppressors is acceptable. That’s why only “black lives” matter - not “all”
@hrothenb Sad - and true. Beheading is acceptable method of execution in Saudi Arabia. Islamic terrorists still use beheadings as they believe it “honors” the religious texts. Aside from them, only others in the world who still do it are the murderous Cartels
@Riley_Gaines_@AltaMedHealthS I’m beginning to think that much of the violent opposition to Trump can be broken down into two categories:
1) Trump is undoing decades of work done by leftists to undermine our institutions
2) Trump is exposing the grift and theft of taxpayer dollars by these same leftists