CFO funding

[Victor Davis Hanson @VDHanson]

As a general rule, anytime Barack Obama lectures the country or its people on their purported sins—with Khalil Gibran pop platitudes—he is seeking absolution for his own obsessions by projecting his own guilty desires onto others.

The latest? At the dedication of his narcissistic Obama Presidential Center in Chicago—a $850 million flak-tower, monolithic boondoggle mired in debt—Obama lectured us on the need to resist the allure off "money, attention, [and] fame."

Thus spoke the owner of four homes, three of them multimillion-dollar mansions, whose last inert year in office was spent closing book and Netflix deals that ensured he would become a multimillionaire the moment he left office, and on spec, jets private to sermonize to various audiences–often at $400,000 a shot—on their own false-consciousness shortcomings.

Plain-speaking, frugal Harry Truman in obscure retirement in Independence, Missouri Obama certainly is not.

[Victor Davis Hanson @VDHanson]

Import poverty; romanticize illegal immigration; demonize the middle class; drive out private-sector capital; and exempt elites from the consequences of their own ideology—and you’re left with a state where democracy dies, along with everything else.

https://t.co/pRqKeQbTRX

[Wall Street Mav @WallStreetMav]

When Jimmy Carter purchased the teachers’ union’s endorsement in 1979 by establishing the Department of Education, the USA was #1 in education.

46 years and $4.1 trillion dollars later, the USA is #40. We are, however, #1 in cost per student.

[david friedberg @friedberg]

government destroys value.

in this case, the value of an American education was destroyed in ~40 years.

if there’s no marketplace for customers (parents of students) to demand value (quality of education for price paid) by simply going to another service provider (school or educator), it is inevitable that costs will go up and quality will go down.

this is true of any service provided by government, which effectively grants itself a monopoly, deleting the opportunity for other service providers to compete in offering better value to customers/citizens…

[Wall Street Apes @WallStreetApes]

WOAH 🚨 California Rep Carl DeMaio says California Democrats are creating legislation to control Apple Maps and Google Maps to dictate the commute you take

The bill is ‘AB 2015’ and “The politicians want to pass a bill, I can't even believe that they're trying to do this to regulate and manipulate Apple Maps, Google Maps, or whatever software you use to plot out your commute. What business is it of government what route you take?

Well, a lot of them are saying that they need to protect the environment. What it means is that your commute's going to take longer.

Literally, they're going to probably tell your map software, well, make sure we 'Fight climate change, so let's add 30 minutes to the commute.' This is absurd”

What this bill really does is it lets cities and governments tell these navigation companies there are designated “slow streets”

The fan demand these areas are “walking or biking zones” and they can’t route cars through

The risk is with this power in the future they can designate areas as high pollution zones and stop people from being navigated anywhere they want

This is something that must not pass

[The All-In Podcast @theallinpod]

David Friedberg: The AI Jobs Panic Is a Crock of Sh*t

Why? The revenue potential outweighs the cost savings by 100x.

“There is no job loss with AI. I've said it a thousand times, and I will say it again, and again, and again.

What I see on the ground, and what I've seen at dozens of companies, including my company that I run, there are two sides to a business.

There is revenue and there’s costs.

On the cost side of the equation, AI can be used to reduce humans doing things that cost money, to some extent. The effect there, I would argue, is nominal.

The real opportunity with AI is on the revenue side, where suddenly one engineer can do 100x or 1000x what they used to be able to do, meaning you can make more products at your company, whether those are agricultural seed products, or boats and ships, or software for companies, or clothing, or what have you.

Because of AI, everyone has the ability to expand their revenue base to create more products, and that is the foundation of good economic prosperity. It is called productivity. We can grow productivity in this country with AI.

So where I see AI being used is on the revenue side 100x more than the cost side. And in that equation, people are hiring like crazy. We cannot hire enough people.

I just had a review meeting with my product and engineering team two days ago, and they're like, ‘We want to add an extra 15 headcount to our engineering squads because we have all this opportunity to do stuff that we couldn't otherwise do.’ So we are going to hire more people.

And to Sacks' point, we are seeing that show up in the jobs numbers. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day, and I see it on the ground.

It is only a matter of time before people wake up to this and they realize that this narrative that they've all been sold is a crock of sh*t.”

[CFO funding @CFOFunding]

@jimiuorio @Stanford And there is no cost to doing so. They already have their diplomas and in many cases their job offers.

[CFO funding @CFOFunding]

@vkhosla @Stanford @Google @sundarpichai No cost to them , @vkhosla. They have their diploma they have their job offers and they know that nobody will really know in a few years, whether they walked out or not.

[CFO funding @CFOFunding]

@adamcarolla Public company execs are fully accountable and visible. Their public sector critics? HIDDEN in defense mode! Where are THEIR numbers? Their screwups?

[Chris Cadigan @ChrisCadigan]

Bernie Sanders, as old as he is, will be forgotten. He is no Stalin. He is no Marx. He’s just a big mouth with a bullshit following in very blue places where stupid people reside. God bless Elon Musk and what he’s done for society while Elon Musk creates Bernie Sanders tries to burn down.

[Robert Cheney, CFA, CFP @WestridgeWealth]

There are people deeply hurting this weekend and I want to acknowledge their pain after the SpaceX IPO:
- CA politicians who showed Elon and his companies (and their tax revenues) the exit
- Dingbats who said Twitter would fail and was a bad deal
- Those critical of, and violently protesting, Elon for wanting to reduce our deficit
- Socialists and communists like Bernie and Liz Warren who have seen SpaceX employees retain the means of production and many thousands of them have just become millionaires

[Natalie F Danelishen @Chesschick01]

@BillAckman @BernieSanders @elonmusk @SpaceX This:

[Clementine Harrovian @FreeMarketsEco]

@BillAckman @BernieSanders @elonmusk @SpaceX

[Mark @MarkS2493]

@BillAckman @BernieSanders @elonmusk @SpaceX 100 years from now people won’t know who Bernie Sanders was. But everyone will know who Elon was.
Elon is among the few most exceptional positive influencers of my life.
It’s simple. But still, Bernie and his crowd don’t get

[BlackApple @BlackApple]

@BillAckman @BernieSanders @elonmusk @SpaceX Senile moron who's been screaming OLIGARCHY for over 55 years, wrong absolute everything, and accomplished absolutely nothing other than naming two libraries.

[Alan Wolan @AlanWolan]

@BillAckman @SethDillon @BernieSanders @elonmusk @SpaceX

[Deez Figz @InTheMindOfAFig]

@BillAckman @themagaking @BernieSanders @elonmusk @SpaceX

[Bill Ackman @BillAckman]

.@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.

[CFO funding @CFOFunding]

@RoKhanna @BernieSanders Nah! You don’t really believe this. You couldnt possibly. You’re just doing what you think will get you re-elected.

[CFO funding @CFOFunding]

I’m actually beginning to like this @mcuban

[Mark Cuban @mcuban]

The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did.

And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves.

One Hundred Fifty Million Americans. About 60% of adults.

Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life.

If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever.

Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen.

Alternatively

There are ways to improve healthcare access and eventually make it available to all.

To start -
If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers.

It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail)

Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability.

Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up

But

They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks

Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.