.@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.
@bradsferguson I agree. Elon wants Tesla which is about to become a cash cow to help fund SPCX, unless the deal is excellent I’ll be voting NO. Wait for the deal.
@PoppTerrence She started Amazon with Bezo’s MF’er, she was the CFO when only her and her husband started the company. She deserves it, he was a cheating cunt
@MurrayWatt Start explaining we have a free nuclear plant, that reliable and has no nuclear waste, its called the SUN, now lets use it more !! solar plus battery storage is the obvious answer.
I moved away from Australia, officially migrating to Switzerland, and it happened to land just before the CGT changes passed.
Very happy with my decision. I'd only been residing in Australia a few months of the year for some time now. My business is international and does nothing in Australia - its customers are European and Asian. None of our staff are Australian anymore (aside from myself).
The move was mostly about life. I ski, I hike, I ride downhill - Switzerland wins on all of that over the other low-tax options. It puts me around people I'm more aligned with: pro-capital, optimistic, building things. And it has me far closer to where the work actually is - half my client visits are in Germany. Tax was a factor too, I won't pretend it wasn't. But it was the last reason on the list, not the first.
I love Australia. I was prepared to pay high taxes there to do my part. But its general and increasingly recent disdain for capital, for economic freedom, and the cultural shift against "the rich" had become too great for me to tolerate.
I can pay high taxes. But I can't pay high taxes to people who hate me for the success I've happened to find. I worked very hard, took a lot of risk, and dealt with the shame of making what were seen as ill-advised life decisions in the eyes of my family and many of my friends for years. And on the other end, I found myself with a little luck that carried me through to a place I couldn't previously have imagined.
I don't take full credit for my place in life. I was born in the right place to the right people - not rich, middle class, an accountant father and a stay-at-home mother, good parents who raised me right in a stable household - and even at the right time. But I took the opportunities luck gave me and ran the best race I could from there.
I want everyone to reach financial independence. I want the world to grow wealthier. I can contribute to that vision. I will not, however, do it for people who despise the journey it takes to get there.
Because that's what the resentment really is. It isn't principle - it's pessimism and envy. And more often than not it's fomented by people who were ambitious themselves, who set out to build something and fell short of their own expectations, and turned that disappointment outward - onto the people who made it, and onto the system itself.
@doqholliday I’m with you, noone is saying that you have to risk your retirement to “give away” to your kids, help them IF you can and don’t be greedy. You cannot take it with you. I’m doing both. Houses were NOT a million dollars for our generation.!!!!
Tax on investment gains
🇳🇿 NZ: 0%
🇸🇬 Singapore: 0%
🇨🇦 Canada: 27% max
🇬🇧 UK: 20% – 24% max
🇺🇸 US: 20% max
🇮🇱 Israel: 25% (Standard)
❌❌ 🇦🇺 Australia: 30% - 47%
Labor’s new minimum capital gains tax is HIGHER than the max in most nations.
Higher taxes = less investment.