Beauty and life with a future met the brave courageous muslim men of Gaza and then beauty and life ceased to be in a future of void. Conclusion; Never allow from river to sea culture if you want a peaceful life?!
So far, the match hasn't touched the fuse, but it's getting closer, and this week's headline-driven swings show how sensitive that fuse has become.
-- Steve Blumenthal
Where is the money coming from? The Fed has been printing it. Money creation - not tariffs, and not corporate greed - is the underlying driver of inflation and higher rates over time.
If you want a single number that tells you whether this stays a slow burn or becomes a crisis, watch the 10-year Treasury yield. That yield is the match. The debt and deficit are the fuse. The bond and stock markets are the bomb.
"I see very little political will in Washington, on either side, to address the problem. The incentives remain short-term, even as the consequences become increasingly long-term."
The interest expense on that debt, what we pay just to service it, is closing in on $1.3 trillion a year. Roughly one out of every four dollars Washington collects now goes toward interest expense alone, before a dollar is spent on anything else.
-- Steve Blumenthal
The interest expense on that debt, what we pay just to service it, is closing in on $1.3 trillion a year. Roughly one out of every four dollars Washington collects now goes toward interest expense alone, before a dollar is spent on anything else.
-- Steve Blumenthal
But here's the part that doesn't get nearly enough airtime, at least from our legislators: the U.S. government is approaching $40 trillion in debt, running deficits of nearly $2 trillion a year in an economy that isn't in recession.
Wrong conclusion, Musk has a value based on assumptions about the future for his companies. To tax that fictional wealth would be stupid. Wait till the return on assets show up. Then is the time to tax
Elon Musk just became the world's first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth.
We need a wealth tax.
@LongFellaDarius With a wealth tax he would have to sell shares to pay the tax if the company wasn't making profits? Consuming on loan is just a more expensive way of consuming? The loan has to be paid, with new loans or income - if by loan the cost of repayment will exceed the capital borrowed?
Sanders shouldn't argue what value could be achieved in an open society without providing an alternative, would there be a SpaceX with no Musk? The company was founded by Musk and developed by Musk - who is the right owner if Musk isn't? Should we prefer a SpaceX less valuable?
History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.
Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.
And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.
You cannot legislate a rocket into orbit.
Confusion on a low level - rocket company SpaceX would not serve its purpose contributing to the need for pencils and if the ownership of SpaceX was separated from Musk the public teachers problem would still stand firm
Je vais partir du principe que tu es de bonne foi, parce que ton raisonnement est intuitif et que 90% des gens le partagent. Mais il repose sur trois erreurs factuelles, et ça vaut le coup de les regarder calmement.
Erreur 1 : la fortune d'Elon n'est pas un tas d'argent. C'est de la propriété d'usines, de fusées et de satellites. "Prendre la moitié de sa tune", concrètement, ça veut dire forcer la vente de la moitié de SpaceX et Tesla. L'argent ne sort pas d'un coffre, il sort des entreprises elles-mêmes, qui passent sous contrôle de fonds étrangers ou d'États. Tu ne redistribues pas du cash, tu démantèles un outil de production. C'est la différence entre récolter des pommes et découper le pommier.
Erreur 2 : "ça résout énormément de problèmes dans le monde". Cette expérience a déjà été tentée, en vrai. En 2021, le directeur du Programme Alimentaire Mondial de l'ONU a affirmé que 6 milliards de Musk pouvaient "résoudre la faim dans le monde". Réponse d'Elon : décrivez-moi exactement comment, comptabilité publique à l'appui, et je vends mes actions Tesla immédiatement. Le PAM a publié son plan. Verdict : ce n'était pas "résoudre la faim", c'était nourrir 42 millions de personnes pendant un an. Un an. Puis il faut re-payer, pour toujours. Le PAM avait d'ailleurs levé 8,4 milliards l'année précédente, et la faim était toujours là. Les ONG traitent les symptômes en boucle, jamais les causes, parce que leur financement dépend de l'existence du problème.
Erreur 3, la plus importante : tu cherches ce qui sort vraiment les gens de la pauvreté. Bonne nouvelle, on a la réponse, et elle est massive. En 1990, 36% de l'humanité vivait dans l'extrême pauvreté. Aujourd'hui, moins de 9%. Plus d'un milliard de personnes sorties de la misère en 30 ans. Par quoi ? Pas par la charité ni par l'aide internationale (plus de 1 000 milliards versés à l'Afrique en 60 ans pour un résultat à peu près nul). Par l'ouverture des marchés, l'industrialisation, le commerce. La Chine seule a sorti 800 millions de personnes de la pauvreté en abandonnant le collectivisme, pas en taxant ses entrepreneurs.
Donc fais le calcul complet. Option A : tu confisques 500 milliards, tu finances quelques années de programmes, l'argent est consommé, et tu as détruit la machine qui produisait les fusées, les voitures électriques et l'internet des zones rurales. Option B : tu laisses le meilleur allocateur de capital de sa génération réinvestir 100% de sa fortune dans des industries qui baissent les coûts pour tout le monde et emploient des centaines de milliers de personnes. L'option A soulage ta morale pendant 18 mois. L'option B sort des populations entières de la pauvreté pour toujours.
La pauvreté ne se redistribue pas. Elle se résout par la création. C'est contre-intuitif, c'est frustrant, mais c'est ce que disent 200 ans de données.
@LongFellaDarius 5% of what? Wealth? Ought to depend on whether the wealth have a positive return, no return or negative return? SpaceX is in the negative? With what money should taxes be paid if the company does not make a profit and distribute part of it to the shareholders?
@LongFellaDarius Taxation should not be applied in a way that force the tax payer to sell assets in order to pay the tax - in a capitalistic society all taxes should be based on income received/real money. Not estimated value of income expected, regardless of whether it produces loss or profits
@LongFellaDarius You can defer taxation but not avoid it, the only way to get rid of taxes is to pay them. Taxes can serve investment and entreprenuership, but also destroy companies incentivizing counter productive tax based decisions. Wealth, an assumption, should be taxed when made into money?