@ACJBShow Win at all costs grit/perseverance. Can you train for that or no?
Or, said another way, if you know you don’t have it, what should you do to get it?
This idea from some people that the government should heavily tax @elonmusk - the world's best capital allocator - and transfer a significant portion of that wealth to the government, one of the worst capital allocators, makes little sense, especially since much of his earned wealth exists because the companies he built have become far more valuable by creating products and services people value and are willingly to pay for.
Elon may have a high net worth, but virtually all of it is tied up in company stock. He doesn't have tens of billions of dollars in cash. Taxing his wealth would likely force him to sell significant amounts of that stock, putting downward pressure on the share price and negatively affecting millions of people who themselves own shares in those companies directly or through ETFs, mutual funds, pension funds, and 401(k)s.
I think I saw somewhere that Elon's companies have paid over $100 billion in salaries. Those salaries are taxed. Beyond that, his companies have already generated enormous economic value for America and the other regions that his companies operate in.
You want Elon Musk to do good for the world? Great, he already is:
• Tesla: Accelerating the transition to sustainable energy and developing safety technologies like FSD that saves lives.
• SpaceX: Expanding internet access through Starlink in underserved and low-income regions, saving the U.S. government $40 billion (according to the Pentagon), and restored America's ability to launch astronauts from American soil again.
• Neuralink: Giving paralyzed individuals new levels of independence with brain chips. Next, they aim to give blind people the ability to literally see.
Taking capital away from someone who has repeatedly demonstrated an ability to turn it into productive businesses, jobs, innovation, and economic growth, and handing it to a government with a far less effective track record of capital allocation - doesn't strike me as a good trade. Elon's wealth isn't a bug in our system, it's a feature of living in a country where entrepreneurs have the opportunity to build companies that create enormous value for society.
they’re not jobs if they’re not valued. they’re not valued if there aren’t customers out there willing to pay them for their great work. needing the government to “create” a job is tantamount to welfare and that level of welfare resolves these individuals to a dependency on the government and lack of economic mobility. and chains our people, collectively, to a more indentured future.
you may be well intentioned but you have, and always will, fail to see the destitute folly of government as a job creation engine.
i have tried to engage you on this topic, in good faith, with empiricism and reasoning, but you have only dodged my points and pivoted to some populist refrain about the importance of taxation and the evils of productivity-driven success.
i can only assume you’re dodging these truths because you and the rest of the politburo leadership have deemed the conversation unsafe speech and put your oligopoly at risk.
let’s leave it at that then.
perhaps if your ways get their day, we can all bask in the glories of the dark ages ahead.
Congrats to @elonmusk and @SpaceX on the largest IPO in history. Tens of thousands worked to tackle some of the hardest engineering problems imaginable, revolutionizing an industry in service of their nation and humanity, are now fully realizing the American Dream🇺🇸
May this moment spark many more companies like it across the domains of the future, unlocking new capabilities and prosperity for those who dare to dream.
@CAgovernor Agree - we need every child in the game from birth w an automatic Invest America | @TrumpAccounts - a direct owner & compounder in our greatest companies. Let’s raise the floor for ALL aligned w capitalism rather than attacking the innovators who put America on top. 🚀🇺🇸
@Gfilche@Tesla 14.3.3 options make more since. And they added “streak” showing cumulative miles without disengagement. Feel like it has made a difference in how often I disengage.
@ACJBShow Incredible how much the individual rider personalities can be seen in their riding on the track. Learn about each of them elevates the excitement of watching on Saturday that much more.