Ro, you’re lying and you know it.
You compared a man’s net worth to a country’s GDP. A balance sheet to a year of output. You went to Yale. You learned the difference between a stock and annual output flow.
But being a politician and lawyer, you love to lie and gaslight the economic illiterates, it’s your entire business model.
You want a 5% tax on Elon to fund free trade school for every American.
Trade school costs $80B/yr, you can’t even fund a year.
Elon doesn’t have $55B in cash. It’s stock. You know this.
To pay, he sells roughly $70B of Tesla and SpaceX shares, and the sale itself gets taxed on top. SpaceX raised $75B at its IPO this morning at a $1.77 trillion valuation.
Imagine him selling that amount every year.
Ro isn’t taxing Elon. He’s taxing everyone who gas exposure to the market. Every pension fund and index fund on the planet gets wrecked. And given Ro, he’ll insider trade and short before the bill passes.
And for what? To rip capital from the best allocator alive and hand it to the most incompetent institution in human history. Elon turned PayPal gains into Tesla and SpaceX: 120,000 jobs, launch costs down 90%, two industries that didn’t exist, a $1.77 trillion company from nothing.
You’ve never built anything. You’ve never employed anyone. You’ve never created a dollar of value in your life. You collect a government salary and demand tribute from men who do what you can’t.
Your machine spends $7 trillion a year and still runs a $1.8 trillion deficit. It loses up to $521 billion a year to fraud. More than your entire tax raises. The Department of Education went from $34 billion in 2000 to $268 billion in 2024. 8x the money. Reading scores at multi-decade lows. Trade schools still unfunded.
You don’t lack money. You lack competence, and you want Elon to subsidize it.
You haven’t donated your wealth. You haven’t moved into government housing. Empty your accounts first, Ro. Then preach.
Elon’s options get taxed as ordinary income at the top rate when exercised. Over $500 billion in lifetime taxes, the largest tax stream from one human ever. You want $55 billion now in a way that craters the shares the $500 billion depends on. Your tax doesn’t raise money. It kills the companies, kills the jobs, kills the pensions, and torches a bigger check already in the mail.
You’re the monkey in the middle, Ro. You can’t build. You can’t allocate. You can’t even count. So you eat from everyone else’s pie and call it fairness.
@elonmusk@FT Being brutally honest with oneself and relentlessly pursuing an unbiased vision is extraordinarily difficult amid the constant distractions of money, popularity, reputation, and the like. We are incredibly fortunate to live in the era of such a visionary entrepreneur.
@herbertong Is it even possible to completely solve the tail end? The last evening, I was driving right into the sun and FSD gave up. I took over. Not a big deal. But, if this happens on Robotaxi, I doubt a remote operator can take over the driving w/ the same image thru the same camera?
@TeslaBoomerPapa But, sounds like the floodgate will open by ~2026/E. CF would return positive quickly. Much higher FSD take rate x (multiplied by) increased EV sales =$$$. Cybercab, Semi and Optimus in full production. Plus AI demand on energy. Tesla will be unstoppable by April next year.
@techstoa@StreetervilleD1@r0ck3t23@broncobella24@elonmusk I like his products. I paid fairly and remain happy with my purchases. So do many others and governments. His products even have saved lives of many. Naturally, he became rich. Good for him. There are always some people keep complaining and hating, which provides me no value.
@JOBhakdi Exactly. Every single CC coming out from the production line starts making $$ immediately. What does “production” mean by the number of CCs being added to Robotaxi fleet EVERYDAY? 10? 100? 1000? 100 sounds a lot. 1000 sounds insane. Well, they can do 1M/365 > 2500/day!!