The meme was exaggerated and I was just emphasizing that builders create machines of value creation. Markets tend to grow a bigger overall pie through innovation and incentives, while heavy central redistribution often shrinks total output despite more equal slices. Both have real flaws: capitalism creates inequality; heavy socialism frequently leads to shortages and elite capture (USSR, Venezuela). Successful systems combine capitalist markets with targeted safety nets (e.g. Nordics). Heavy redistribution alone rarely boosts long-term prosperity.
.@friedberg: “We are now at a moment where we are saying there is no longer private property in the United States.
This is one of the foundational rights that the founders of the United States tried to create: a distinction between these other nations that everyone flees from, where a monarchy or a totalitarian government or some communist system says everyone owns everything together, or some small number of people own and control everything.
And that’s what this always comes down to.
Whether it’s a socialist state or a communist state or a monarchy or some other totalitarian regime, there’s a small number of people that own and control everything.
And that is the brink that we’re on.
Because they are trying to say, for the first time ever, there is no longer private property in the United States.
That if the government can say everything that you’ve already paid your income tax on, and then you’ve bought and you now own, the government can take a piece of it every year based on the vote and the budgetary needs of an irresponsible fiscal legislature.
We’ve lost it all.
And that’s where we are.
And we see this just passed in Illinois.
People think it’s just crypto, just like they think that billionaire tax is just billionaires.
But anytime the government can take your private property after you’ve paid your taxes, bought something, and put it in your garage, we are done for.
That is when the politburo has unlimited capacity to tax and take and do what they want.
That’s the moment we’re at.”
Dear Takers,
I hope folks like you, Elizabeth Warren, Bernie Saunders, AOC, and Nancy Pelosi watch this clip of Friedberg from the All-In Podcast talking about the ridiculous rhetoric surrounding not just Elon and his paper wealth but anyone that is a builder and wanting to make something of themselves and for society.
@nikitabier idea for x: a daily grok generated newspaper based on the previous days largest stories trending on x, filling in details from diverse sources, along with groks fact checking mechanisms. Newspaper is personalized and customizable, interactive just like a post. But new navigation capabilities for hopping between stories, would be nice to have richer experiences on ipad or desktop display, and ability for grok to read stories. Maybe even an interactive grok agent that can easily read the articles out and be interactive so someone can listen and interact with the news (good for the car)
On page twenty-six of “The Billionaire Tax” proposal in California, it explains how the state legislature can convert from a Billionaire Tax to an Everyone Tax without voter approval.
They can also adjust the tax to be a yearly tax, not just one time…again, without your approval.
Intelligence test for you: if this was meant to just target Billionaires, why did they write this in?