US fertility reached 1.57 last year, the lowest ever recorded, and the WSJ explanation is "uncertainty about finances, relationship stability, and the political climate"
my great grandma had eleven children during the second world war, in a country being bombed, in a house with no running water, on rations.
poor people have always had kids. the poorest people on earth right now still have kids and the financial excuse is a story we tell ourselves because it makes us feel good and the real one is unbearable
the real mechanism is that we got rich enough to redefine children as an expense instead of the point. somewhere in the last fifty years the cultural goal inverted and a child stopped being what life is for and became a line item competing with the lifestyle. once you frame it that way the math never works, because the math isnt supposed to work. that's the point
we are living in the richest moment in human history and we decided to use the surplus to buy ourselves out of the future. the most prosperous civilization that has ever existed is committing demographic suicide at the altar of personal optimization and comfort, and the official line is that we cant afford it
the birthrate is a lagging indicator of a civilization that forgot why it was alive
Lot of posts copying the likes of @BernieSanders@SenWarren and @AOC calling for more taxes on Billionaire @elonmusk, forgetting that in 2021 he paid a 53% rate of tax totaling $11b. They all repeat the claim that his company has received benefits of $38b from the US Government.
Let's look at his REAL economic impact to the U.S. It's mind blowing.
Musk’s ventures currently contribute $100–140B in annual GDP impact, or roughly 0.4% of total U.S. GDP. And growing faster – considerably faster – than the US economy, promising even greater contributions in the future.
That’s more annual contribution to US GDP than entire annual GDP of smaller U.S. states, like West Virginia (~$108 billion, 0.37%) or Hawaii (~$116 billion, 0.40%). And growing faster.
On top of that NASA and US Department of War have cumulatively saved over $40 billion as a direct result of SpaceX delivering a reduction in the cost of delivery of launch and communication services over traditional vendors. SO much for Musk Companies having "received" $38b. In other words, had the U.S. not paid Musk companies $38b, then the US would have had to spend $78b with competitors (and possibly then not received a delivery of the goods ordered! Boeing, looking at you.) Not to mention that Starlink practically saved Ukraine from being overrun in the early days of the Russian invasion.
Seems we are all, all Americans - and citizens of the world in fact - benefiting from the growth of Musk’s net worth. Here are the numbers:
Please post this in response to every post you see bleating about Musk being a billionaire or trillionaire and how its so terrible.
Not sure what this says about me but I just realized I'm staying with my girlfriend because she lets me "drive" her AI4 M3 while I'm stuck with my HW3 MX.
@elonmusk@LewisWithrow5@SawyerMerritt Every legacy dealership should turn into a robotaxi service center. The people who currently work there can become shepherds. Nobody needs to lose their job here.
If you relate to a few of these, don’t worry.
You’re not “too much.” You’re wired for depth, and the world needs that
🔁 RT this to remind someone it’s okay to think differently.
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Musk’s goal is to produce 1 Terawatt hours of Magapacks per year by 2035, so around 11 new Giga Megapack factories with the capacity of Megapack Shanghai must be built over the next 10 years.
BTW at current Megapack margins, this would equate to around $37.50 in EPS, and at PE 30, that’s an additional +$1,125/share just on battery storage.
Just got my brand new Tesla model 3 today :) On my way home on FSD, dark outside, the car suddenly stopped and we were wondering why and then we saw the deer jump in front of us! FSD just saved my brand new car!!! OMG #TSLA#FSD#bestcar