Elon Musk donated $277 million to elect Trump.
Trump let him gut the IRS.
Elon’s SpaceX took a $1.9 billion tax break that they believed wouldn’t be allowed if the IRS audited them.
Your reminder that billionaire and corporate PAC donations are bribes.
https://t.co/FrgK2iiaqE
Erick has gone thru the stages of grief with Trump so many times over the past decade. You’d think on your 12th round thru bargaining you’d just skip ahead to acceptance
🇺🇸 🇮🇷 If you’re keeping track at home:
- Obama: $1.7B in unfrozen assets/cash for 98% reduction in uranium & limit enrichment to 3.7%
- Trump: $24B in unfrozen assets/cash, $300B reconstruction fund, lifted sanctions in exchange for opened Strait under Iran/Oman control
This is a good summary. The US and especially Trump for electoral reasons needs the war to stop. But Iran gained a lot from the conflict while the US achieved nothing. Trumps price was to stipulate an agreement to negotiate on nukes. But that’s what the US and Iran were doing before the war started. So the nuclear component certainly looks like a fig leaf to give Trump some plausible deniability about how badly this went for the United States. As Dan notes, the US has no real credible threat of force left, certainly not before midterms. This end game was basically inevitable from the first hours or days of the conflict. But we waited three plus months because Trump couldn’t face the reality of the scale of his defeat. And there’s still a good chance this falls apart because he still can’t come clean on that. Altogether, just a great job.
1. Axios doesn't quite get it but there are two scandals here: (1) reporters (seemingly) having access to tapes from Situation Room and (2) Situation Room repeatedly used as place to plot out covering up Epstein case. Scandal (1) would be serious enough in normal times but Scandal (2) is the real real outrage
The Wealth Gap has never been larger and it’s a problem that should be discussed, not mocked.
The top 1% of households accounted for about 23% of our nation’s wealth in the late eighties. Today it’s ~33%.
The top 1% of households hold more wealth than the bottom 90% combined. We shouldn’t pretend this is the result of healthy, fair and functioning society. Because it’s not.
The deliberate inability of people to understand — on the day of SpaceX’s IPO no less — that Musk doesn’t actually have $1 trillion in cash to be grabbed by the revenuers and redistributors is kind of amazing.
We’ve had few military heroes greater than Chappie James. This is nothing more than rank racism, plain and simple, and utterly despicable and disgraceful to the Office this traitor holds.
🔸Scrap the Social Security tax cap.
🔸Increase the federal minimum wage to $23 an hour over the next 5 years.
🔸End Citizens United.
🔸End the tax loopholes and write-offs that allow corporations and billionaires to pay a lower effective tax rate than teachers and firefighters.
🔸Tax long-term capital gains as regular income. Trigger capital gains tax on loans against unrealized gains.
Can’t stop thinking about how Wall Street is celebrating Elon Musk becoming the world’s first trillionaire, while he single handedly eliminated humanitarian aid that will lead to the needless deaths of 4.5 million of the poorest children in the world in the next 4 years.
🚨🚨🚨The Trump administration is secretly setting it up so SICK PEOPLE HAVE TO TAKE OUT LOANS FROM THEIR INSURANCE COMPANIES in order to afford the rising costs of health care.