stanion

I'm here to be proven wrong. Merit, not identity.

[stanion @greenstanion]

Reciprocal behavior: when the attacker uses a behavior against the defender (even if unsuccessfully), they give the defender the right to use the same behavior against them in return. That is the essence of international relations. Hamas invaded with intent of genocide (in part because they knew the Israelis would never reciprocate that behavior, and there is no genocide). Hamas would *never* have attacked Russia in that way, had they been neighbors, because Russia would destroy them in a matter of days.

[Palmer Luckey @PalmerLuckey]

When politicians say they want to seize/tax "wealth" but actually mean "shares in your own company that you yourself founded", the real point is making it impossible for anyone to actually control their own company for more than a decade.

They won't let you stay, either.

[Cynical Publius @CynicalPublius]

“Elon Musk is a trillionaire.”

As a securities law attorney, please allow me to explain how anyone who says this is basically lying to you:

1. The Securities and Exchange Commission has a myriad of laws that prevent founders and other large stockholders of publicly traded companies from dumping their shares. There are substantial holding period requirements, volume of sales limitations and public reporting obligations for stock sales. Basically, Elon holds largely illiquid shares, he is a “trillionaire” on paper only, and the best analogy is when people peg your net worth based on your home’s market price. That’s not money in your pocket, that’s the house you live in.

2. All that money raised in the IPO? That’s not going into Elon’s pocket like the lying socialist idiots want you to believe. It’s a capital influx that will be used to make more rockets and get more payloads into orbit. It’s a CAPITAL investment—that money is like a business loan, it’s not your money to keep, it’s your money to grow the business.

3. If it WERE legal for Elon to dump his shares, the share price would crash basically instantly and the company could very well fail.

If you bought SpaceX shares in the IPO, congrats. You just bought a lottery ticket, just like Elon. May the odds ever be in your favor.

So the next time someone screeches about how unfair it is that Elon Musk creates wealth that benefits all of humanity, throw the truth back in their faces.

[stanion @greenstanion]

@AOC He's already paid the most taxes in history

[stanion @greenstanion]

@tedlieu Sorry, Karen Bass's handling of the fire and afterwards qualifies her for terms such as animal.

[Erik Voorhees @ErikVoorhees]

No, you don't get it.

He does not have $1 trillion sitting in cash, it is 99% stock in his companies.

To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.

Okay, but now Elon has $100b in cash, and can "solve the world's problems".

$100b divided by the world's 8 billion people is $12

If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.

But everyone on earth could have one nice meal and you could revel in your altruism.

[stanion @greenstanion]

@JohnJHarwood Great job on trying to diminish blue-collar workers. We know where you stand, Mr. "Advocate of Decency"

[stanion @greenstanion]

@JasonKander it doesn't surprise me that you have a hard time imagining the constraints on imaginary "trillionaire" wealth.

[stanion @greenstanion]

@RoKhanna Learn how to model with differential equations. What you suggested would not work, and would hurt the economy way more than the benefit you think it would provide.

[stanion @greenstanion]

@GavinNewsom Why are you trying to divide people? Are you trying to get people rioting in the streets? Why not unify us and reduce the difficulty of running businesses in CA?

[stanion @greenstanion]

@avidseries @peterboghossian Raising the wealth of everyone at large scale inherently includes making those generating the wealth even wealthier. The math makes that pretty clear.

[stanion @greenstanion]

@bourscheid You seem to have no problem broadcasting your ignorance and judgement.

[stanion @greenstanion]

@ZacksJerryRig Muted

[stanion @greenstanion]

@thejjalvarez @mtaibbi I hope you're correct

[stanion @greenstanion]

@Cantcope988 White British people aren't also Jews? That's news to me.

[stanion @greenstanion]

@thejjalvarez @mtaibbi We had large drops of ballots that only had votes for the Democratic challenger, none for the Democratic incumbent. That is wildly improbable.

[stanion @greenstanion]

@thejjalvarez @mtaibbi The statistical improbability of what happened is evidence, at least it is when we opine on sketchy elections in other countries

[stanion @greenstanion]

@Timcast How do you get energy all year round?

[stanion @greenstanion]

@hamids I think you're undervaluing running jobs outside terrestrial regulatory regimes, and being able to build datacenters and obtain energy in ways that bypass terrestrial regulation. When Democrats are in power again, space and China are where AI will concentrate

[stanion @greenstanion]

@barbarismcrit It's fake, impossible to convert to money. People are simply betting on Elon's ability to create wealth for everyone else on his journey.

[stanion @greenstanion]

@ZacksJerryRig Why don't you post a proof that works through the equations accounting for the material properties, with a QED?