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re: Elon Musk becomes the world's first trillionaire with SpaceX's IPO
Posted on 6/12/26 at 1:51 pm to td1
Posted on 6/12/26 at 1:51 pm to td1
quote:
And my only point is that SpaceX was the privatization of a tax-payer funded public program that also makes most of its money in government contracts.
But this is false. SpaceX was not funded by the government when it was founded. Their first rockets were entirely funded internally. Elon Musk almost went broke before they successfully had an orbital launch vehicle.
0
Posted on 6/12/26 at 1:58 pm to RLDSC FAN
8 pages? how is this thread 8 pages?
let me guess. OT Moderates being snarky and butthurt towards Elon still because he support Trump and had the nerve to audit the federal government?
let me guess. OT Moderates being snarky and butthurt towards Elon still because he support Trump and had the nerve to audit the federal government?
Posted on 6/12/26 at 2:01 pm to Klark Kent
Posted on 6/12/26 at 2:07 pm to Byron Bojangles III
quote:
he tax code is fricked. When someone can live off billions in loans backed by that stock and never sell, the tax system allows them to enjoy their wealth without paying taxes like ordinary workers do. I think that should change.
Maybe you should understand how things work for yourself rather than paraphrasing ragebait you read on social media. “Never” is a long time.
While you are right margin loans are open ended, they are NOT transferable.
So if nothing else, they need to be paid off upon death of the owner. Assuming you use the assets in the account to do so(otherwise there is no point in the strategy), that’s a taxable event. So Uncle Sam gets to tax all at once not only the accumulated borrowed money but also the compounded interest charged for the borrowing of that money.
Posted on 6/12/26 at 2:18 pm to Klark Kent
quote:
OT Moderates being snarky and butthurt towards Elon still because he support Trump and had the nerve to audit the federal government?
Close. I don't think the whole "rooting out government waste and inefficiency" angle has come up yet. Which, speaking of, virtually all of those recommended cuts/savings were challenged in court by dems, because of course they were
Posted on 6/12/26 at 4:20 pm to Byron Bojangles III
I do not agree that no one will ever try to accumulate wealth in the future if elons fortune is split up after his death.
I also doubt elons primary motivation is preserving his wealth intact after he’s dead.
If Elons fortune is distributed amongst his children, that is like a hundred chances right there to produce another Elon.
Let Elon be Elon, let’s set up the system to make as many Elons as possible. Let’s set up the system to disperse concentrated wealth over time.
I also doubt elons primary motivation is preserving his wealth intact after he’s dead.
If Elons fortune is distributed amongst his children, that is like a hundred chances right there to produce another Elon.
Let Elon be Elon, let’s set up the system to make as many Elons as possible. Let’s set up the system to disperse concentrated wealth over time.
Posted on 6/12/26 at 4:20 pm to Tarps99
quote:
Those pictures remind me of Brewster's Millions.
Just think if you had a 300 million dollar inheritance, and you had to spend 30 million and be flat broke after 30 days especially in 1985.
Still would be hard to do today, but Hollywood should remake Brewster's Millions, and the character has to spend 300 million in 30 days to inherit a 3 billion dollar inheritance.
Posted on 6/12/26 at 4:22 pm to RLDSC FAN
Joke's on him.
Making money like that, he'll never see a dime of his SS.
Ha!
Making money like that, he'll never see a dime of his SS.
Ha!
Posted on 6/12/26 at 5:32 pm to FOBW
quote:
Let’s set up the system to disperse concentrated wealth over time.
How do you not understand that this is kryptonite to “creating more Elons”? They’re mutually exclusive. You cannot expect people to risk it all and create things that advance our society if they know you’re then going to take all the fruits of that labor to give to people who can’t, don’t, or won’t.
I honestly am dumbfounded at the lack of understanding around human nature, motivation, risk/reward, and wealth by so many above the fray moderates on this board.
This post was edited on 6/12/26 at 5:34 pm
Posted on 6/12/26 at 5:46 pm to Chucktown_Badger
I don't think Elon's drive is about how much money he can stack or what happens to that money after he is gone.
Posted on 6/12/26 at 5:55 pm to Chucktown_Badger
quote:
I honestly am dumbfounded at the lack of understanding around human nature, motivation, risk/reward, and wealth by so many above the fray moderates on this board.
They know, they just play ignorant
Posted on 6/12/26 at 6:36 pm to fightin tigers
Elon knows money and time are terrestrial constructs that are both maleable and of only momentary importance. His eyes are way downfield.
Posted on 6/12/26 at 6:38 pm to bad93ex
Do both of you believe that the Ford Foundation, Rockefeller Foundation, et al are engines of entrepreneurial innovation?
Elon should be able to give his money to whoever he wants. But I think it should be dispersed over time. Generations.
A trillion dollar + entity that buys and sells influence forever is not a good thing.
Elon should be able to give his money to whoever he wants. But I think it should be dispersed over time. Generations.
A trillion dollar + entity that buys and sells influence forever is not a good thing.
Posted on 6/12/26 at 7:28 pm to RLDSC FAN
So many misconceptions in this whole story, I can’t believe that someone would even write a story like that.
Posted on 6/12/26 at 7:30 pm to UFFan
quote:
People I am the most tired of hearing about 1. Elon Musk 2. Taylor Swift 3. The Kardashians 4. Specifically on tigerdroppings, Brittney Spears
What in the hell do you think Tigerdroppings is for?
Posted on 6/12/26 at 8:07 pm to wallowinit
Posted on 6/12/26 at 8:08 pm to RLDSC FAN
I wish he would give me a million.
Posted on 6/12/26 at 9:27 pm to GRTiger
quote:
Elon knows money and time are terrestrial constructs that are both maleable and of only momentary importance. His eyes are way downfield
Which has been the secret to his success..so far.. but may also be his Achilles heel.
Posted on 6/12/26 at 9:57 pm to RLDSC FAN
Good for Elon. He’s nearly the only business leader in America taking long term risks. He is also cautionary tale showing that in order to take long term risks and be successful here you basically need unlimited funding.
Posted on 6/12/26 at 10:05 pm to Sun God
Yea, mr bojangles needs to sit this dance out.
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