As you become an adult, you realize that things around you weren't just always there; people made them happen. But only recently have I started to internalize how much tenacity *everything* requires. That hotel, that park, that railway. The world is a museum of passion projects.
Socialists think that wealth is natural and scarcity is manufactured.
Capitalists think that scarcity is the default and wealth is created.
This is a fundamental difference between the two.
So, this is extremely false. First, just in numerical terms his numbers are pulled out of thin air. Income tax revenue in the US is about $2.6 trillion per year. Elon's entire 839B net worth is less than 4 months of income tax revenue.
Also, Elon's wealth is almost entirely in Tesla and SpaceX stock. To take it, you'd need to liquidate all of his shares, which would take away his control of the companies and tank the stock price. You'd only get a fraction of the current $839 billion valuation.
In doing so, you'd obviously wreak havoc on the economy. With the collapsing stock price of two of the most successful companies in the world, you'd crush their ability to acquire needed capital. Millions of people would lose their jobs. SpaceX and Tesla suppliers would go under. Retirement accounts would be emptied. Commercial customers that depend on Tesla & SpaceX services would be unable to operate.
Maybe Nick is ignorant of those economic effects. But where did he get the 10 years number? Even with the naive belief that Elon's net worth is just money sitting idly, doing nothing, that number doesn't begin to make sense.
It seems pretty clear that he just doesn't care if it's true. It might be engagement bait. It might be political animus that doesn't value accuracy at all. But whatever his reason for posting this, the problem is that this kind of nonsense gets spread across X long before the community note is approved. There will be a lot of people who have just internalized his nonsense statement as true.
I don't know what has to be done about it, but it's a problem.
@dan_nessler@Milajoy@POTUS Texas Primary run-off election is in may so there’s a built in deadline.
I voted for Paxton on Wednesday and I will vote for him again in the runoff unless a deal is reached to pass the Save America Act AND get Paxton into a DoJ role.
Cornyn is trash. We don’t want him!
@dan_nessler@Milajoy@POTUS Texas Primary run-off election is in may so there’s a built in deadline.
I voted for Paxton on Wednesday and I will vote for him again in the runoff unless a deal is reached to pass the Save America Act AND get Paxton into a DoJ role.
Cornyn is trash. We don’t want him!
The Laffer Curve isn't just economic theory—it's observable reality. When tax rates climb above 70%, you're not just taking most of someone's income, you're destroying their incentive to produce it in the first place. France learned this the hard way with their 75% wealth tax, which drove out entrepreneurs and actually reduced total revenue.
High earners have options that wage slaves don't. They can relocate, defer income, restructure compensation, or simply work less. Why build a business or take risks when the state claims three-quarters of the reward? The Swedish experiment with 80%+ marginal rates in the 1970s saw exactly this—capital flight, brain drain, and falling revenues despite punitive rates.
But the real destruction happens in production itself. When you tax productivity at confiscatory rates, you get less of it. Innovation slows, investment drops, and the entire economic pie shrinks. Politicians obsessed with "fair shares" end up with smaller shares of a smaller pie—and everyone loses except the bureaucrats administering the system.
This is exactly right. Honestly one of the reasons socialism/communism has survived so long is because free market advocates can’t effectively articulate the glaring flaw of centrally planned economies properly.
The demand for goods and services isn’t static, it changes all the time. If I were to ask you how many metric tons of polyester we should produce, no one would be able to give me a good answer. In a centrally planned economy, someone has to decide that figure. And it will invariably be wrong. Even if it is correct, it won’t be in a month when people’s wants and needs change.
By instead having a free market, the incentives constantly change such that we produce/provide as much of a good/service is demanded. Surpluses and shortages will be short-lived as the incentives push supply to converge with the demand at all times.
Academics and intellectuals are drawn to the idea that they have the answer to everything. But until someone can tell me exactly how many 8mm screws we need to produce in the United States next year, the free market will remain the best system to best economic system.
@elonmusk@techdevnotes Morally, I would much rather support X than Anthropic.
I currently pay $100/mo for Claude Max. I would happily switch if even Grok code only matched the capability of Claude Code w/ Opus 4.6 - doesn’t even have to exceed it.
They literally bragged during negotiations that they had enough uranium for 11 nuclear bombs and refused to budge on ceasing enrichment for their nuclear weapons program.
Does the British government seriously think Mututally Assured Destruction will work when one side is literally a deranged extremist theocratic regime who have no qualms about firing at 30,000+ unarmed, helpless protestors?
They literally slaughtered their own citizens in the streets…
They sponsor terrorist groups…
They openly call for “Death to England” and “Death to America” and “Death to Israel”…
You want to negotiate with them…?
American soldiers had to fly bombers out of Missouri, instead of being able to use the base located in Chagos (Diego Garcia).
Officially UK sovereign territory, but the base is jointly operated by both the UK and US since the 60s - this arrangement is codified via treaty. The US asked the UK’s permission as almost a formality… our government was expecting the go ahead without any hesitancy… after all we’re not asking for munitions or direct involvement, just the use of what we thought was “our” base together.
Putting brave American soldiers at greater risk than necessary, especially there’s no moral ambiguity at all… is unforgivable. The purpose was to prevent the IGRC from acquiring a nuclear weapon. They literally bragged during negotiations that they had enough uranium for 11 nuclear bombs and refused to budge on ceasing enrichment for their nuclear weapons program. Does the British government seriously think Mututally Assured Destruction will work when one side is literally a deranged extremist theocratic regime who have no qualms about firing at 30,000+ unarmed, helpless protestors?
This is why states cannot be allowed to manage these programs -- there is no disincentive to maximizing spending, so state employees look the other way where the fraud is obvious.
I dunno man seems like wars are super easy when the objective is to win and not launder a trillion dollars to your friends in the DC-VA-MD area for decades
I like this new US military strategy where we don't tell the mainstream media or corrupt politicians about our plans until they've already been carried out successfully so that they can't run and leak info to our enemies in advance like the traitors that they are.
10 out of 10.
@Makeitstop73699 Welcome to America! 🇺🇸🇺🇸🇺🇸
You will quickly fall in love with this incredible country. It really is the best place in the world for people who want to build, work, and contribute!
@itsrosesm Legal & lawful naturalized immigrant here. Yes.
Being weak on crime has ruined otherwise incredible American cities by letting cartels and gangs to act with impunity and allowed vagrants to vandalize otherwise pristine public spaces.
No more exceptions. Enforce every law.
@krystalball Absolute garbage take. It’s not as if there’s no work to be done. NYC needs a lot of cleaning. Having goverment employees sitting around doing nothing on the taxpayer’s dime while public spaces are overflowing with trash is not the win you think it is.