This article is very out of touch. Spoken like a true CEO who has had too much Elon kool aid. So you are telling me that a trillion dollar company that makes negative income, bypassed the usual checks and balances to get into the NAS100 is good for the American economy. Sounds like the rich eating the poor to me.
I cannot agree to the gratuitous praise of Elon Musk. Frankly, he has done far more harm to this country than good. Taking a wrecking ball to institutions across the federal government while erroneously justifying it as eliminating waste has caused incalculable harm around the world, particularly among the poor and diseased in Africa who are dying at increasingly alarming rates since the decimation of American humanitarian funding. This is Elon's legacy and it is truly disgusting.
It's a bit dismissive to say capitalism is the only way to accomplish things, and especially this form of capitalism, which doesn't resemble true capitalism at all. It's just a bunch of corporations and banks optimizing for the next earnings call and shareholder value, instead of building great products. Maybe Elon is an outlier in some areas but across our economy as a whole things work for the top. Kudos to him for becoming a trillionaire though.
Saying we need more trillionaires is basically championing more inequality. We can make people wealthy beyond measure and solve big problems without massive inequality. But the cafeteria workers! Yes, great for them as well. But this is one company. Toss NVIDIA in too. These are a drop in the bucket compared to the larger US economy, and the world as a whole. And to say nobody is hurt is disingenuous. Many of these tech companies, SpaceX/NVIDIA included, benefit from incredibly cheap labor from the global South and other areas, extracting precious minerals, etc. Let's not even discuss Elon's work at DOGE/USAID and programs that he cut that were actually needed. That's real harm to real people, and he would not have spearheaded that operation if he wasn't in the position he is.
This post sounds so out of touch. The oversubscribed value itself is by getting govt money to be invested into SpaceX which would've been illegal if there was anyone else in power. Beyond that using edge case examples of Amazon of Nvidia to quote how some people are getting rich is beyond reason. A company a decade or so is not really a good ROI metric to justify the cost of reaching there.
Some folks will just never get it Pomp... It's self induced ignorance. So they continue to plug their ears with their fingers and chant na,na,na I can't hear you because if they heard they'd be forced to think.
This is the cleanest way to shut down the inequality argument on its own terms. Taking a slice of money that already exists has a ceiling, the pool is only so big. The only way to a trillion is to make the pool bigger than it was, which means the number is proof of value created, not value taken. Inheritance and theft just move existing money around. They can't get you here. A figure this size only exists because someone grew the whole thing, and that's the part the redistribution crowd never has an answer for.
There is not one important problem solved.
The Planet is going to hell and a delusional small group of men think they solve problems.
This is gros.
This article is very out of touch. Spoken like a true CEO who has had too much Elon kool aid. So you are telling me that a trillion dollar company that makes negative income, bypassed the usual checks and balances to get into the NAS100 is good for the American economy. Sounds like the rich eating the poor to me.
Income inequality and the power gap that results is not healthy for a democracy.
Elon “grew his pie” ( what a terrible metaphor ) by not paying his bills. It wasn’t magic after all. https://cmarmitage.substack.com/p/elon-musk-keeps-refusing-to-pay-his?r=81i50f&utm_medium=ios
I cannot agree to the gratuitous praise of Elon Musk. Frankly, he has done far more harm to this country than good. Taking a wrecking ball to institutions across the federal government while erroneously justifying it as eliminating waste has caused incalculable harm around the world, particularly among the poor and diseased in Africa who are dying at increasingly alarming rates since the decimation of American humanitarian funding. This is Elon's legacy and it is truly disgusting.
It's a bit dismissive to say capitalism is the only way to accomplish things, and especially this form of capitalism, which doesn't resemble true capitalism at all. It's just a bunch of corporations and banks optimizing for the next earnings call and shareholder value, instead of building great products. Maybe Elon is an outlier in some areas but across our economy as a whole things work for the top. Kudos to him for becoming a trillionaire though.
Saying we need more trillionaires is basically championing more inequality. We can make people wealthy beyond measure and solve big problems without massive inequality. But the cafeteria workers! Yes, great for them as well. But this is one company. Toss NVIDIA in too. These are a drop in the bucket compared to the larger US economy, and the world as a whole. And to say nobody is hurt is disingenuous. Many of these tech companies, SpaceX/NVIDIA included, benefit from incredibly cheap labor from the global South and other areas, extracting precious minerals, etc. Let's not even discuss Elon's work at DOGE/USAID and programs that he cut that were actually needed. That's real harm to real people, and he would not have spearheaded that operation if he wasn't in the position he is.
But yes, let's have more of this lol.
This post sounds so out of touch. The oversubscribed value itself is by getting govt money to be invested into SpaceX which would've been illegal if there was anyone else in power. Beyond that using edge case examples of Amazon of Nvidia to quote how some people are getting rich is beyond reason. A company a decade or so is not really a good ROI metric to justify the cost of reaching there.
Some folks will just never get it Pomp... It's self induced ignorance. So they continue to plug their ears with their fingers and chant na,na,na I can't hear you because if they heard they'd be forced to think.
Shutting down USAID, according to Data, will cause approximately 14 MILLION deaths of children by 2032.
And YOU are celebrating him as someone to look up to? He's a monster!
This is the cleanest way to shut down the inequality argument on its own terms. Taking a slice of money that already exists has a ceiling, the pool is only so big. The only way to a trillion is to make the pool bigger than it was, which means the number is proof of value created, not value taken. Inheritance and theft just move existing money around. They can't get you here. A figure this size only exists because someone grew the whole thing, and that's the part the redistribution crowd never has an answer for.