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re: The Elon trillionaire news is going about as you would expect among marxists
Posted on 6/12/26 at 2:00 pm to The_Duke
Posted on 6/12/26 at 2:00 pm to The_Duke
quote:
But even Elon's businesses are heavily subsidized by our tax dollars.
Good Lord. His first loan was repaid in 3 years WITH INTEREST. The rest were government contracts that anyone could have bid. Trying to credit the government for elons success is such a simpleton take. Though, you thought money was finite…so that tracks.
You’re having a rough day, bud. Maybe take a deep breath. Take a look at that W-2. And come back tomorrow for another try.
3
Posted on 6/12/26 at 2:01 pm to BBONDS25
quote:
Maybe take a deep breath. Take a look at that W-2. And come back tomorrow for another try.
I want him to post it now, just because he has hyped it up so much
Posted on 6/12/26 at 2:04 pm to HailHailtoMichigan!
These people have no concept of how many other people Elon had made wealthy and brought into the middle class. He employs 10s of thousands. How many does Nopocantus employ?
This post was edited on 6/12/26 at 2:10 pm
Posted on 6/12/26 at 2:06 pm to The_Duke
quote:
But even Elon's businesses are heavily subsidized by our tax dollars.
Elon has supposedly collected around $38 Billion in tax dollars and/or credits.
However, most of that is in the form of government contracts, in which the government needed to contract work out. In other words, the money was going to be spent regardless of who did the work. He just won the bids.
The vast majority of the remainder is in the form of credits and loans to develop electric vehicles.
I agree that we can do without subsidizing EVs (and Musk agrees himself, at least recently), but Democratic administrations are going to keep doing that.
Actually the biggest crony capitalism move with regard to Musk IMO happened when he was heading up DOGE. Trump suspended or canceled all regulatory investigations into Tesla, SpaceX, and Nuralink.
Posted on 6/12/26 at 2:06 pm to BBONDS25
quote:
Good Lord. His first loan was repaid in 3 years WITH INTEREST. The rest were government contracts that anyone could have bid. Trying to credit the government for elons success is such a simpleton take. Though, you thought money was finite…so that tracks.
At this point, I think people think that tax incentives and abatements businesses receive to build plants, branches, expansion, etc mean that their income taxes are just going straight to Tesla. Only explanation I can think of to be lamenting "muh subsidies".
ETA:
If we want to criticize the requirements on manufacurers having to produce a certain amount of EV's and things like that, all for it, but that isn't what has caused Tesla to not fail
This post was edited on 6/12/26 at 2:09 pm
Posted on 6/12/26 at 2:07 pm to wackatimesthree
quote:
Not necessarily, but let's say for the sake of argument that it is a problem.
So what? It has nothing to do with 1% of the population making lots of money.
The fact that the average American can’t afford a home is a crisis -- one even Trump acknowledges.
It’s the predictable result of decades of wage suppression, the concentration of wealth at the top, and now an AI arms race driven largely by corporations looking to eliminate labor costs in the name of higher profits.
When the people who control capital push relentlessly to replace workers rather than pay them, the economic ladder doesn’t just get harder to climb-- it gets pulled up entirely.
A society built solely around maximizing profits--around greed--can’t sustain a healthy middle class, can’t serve its communities, and eventually can’t sustain itself and will collapse.
There is no way you think 10% of the population controlling 80-90% of all the resources is a good thing while the remaining 90% of the populace fight for scraps.
Now, how we correct this is the debate to be had, and of course, everyone will have their own thoughts.
Posted on 6/12/26 at 2:08 pm to GoCrazyAuburn
quote:
At this point, I think people think that tax incentives and abatements businesses receive to build plants, branches, expansion, etc mean that their income taxes are just going straight to Tesla. Only explanation I can think of to be lamenting "muh subsidies"
Yep. The same people think money is finite. They post with hubris from a place of complete ignorance. Then challenge you to compare W-2s.
Posted on 6/12/26 at 2:11 pm to BBONDS25
quote:
Good Lord. His first loan was repaid in 3 years WITH INTEREST. The rest were government contracts that anyone could have bid. Trying to credit the government for elons success is such a simpleton take. Though, you thought money was finite…so that tracks.
You’re having a rough day, bud. Maybe take a deep breath. Take a look at that W-2. And come back tomorrow for another try.
Resources are finite--literally, never typed money was finite.
Money is a claim on real resources.
Never said Elon's success was only due to that---another thing you made up. I think very highly of Elon
This post was edited on 6/12/26 at 2:13 pm
Posted on 6/12/26 at 2:12 pm to BBONDS25
quote:
Yep. The same people think money is finite. They post with hubris from a place of complete ignorance. Then challenge you to compare W-2s.
By the same logic, first time home buyers have been heavily subsidized by local business tax dollars for decades
Posted on 6/12/26 at 2:14 pm to The_Duke
quote:
The fact that the average American can’t afford a home is a crisis -- one even Trump acknowledges.
And how of those are homes they would like to have vs. what they can afford?
You have to work on the ills of why these people can't afford these homes. But what I can assuredly tell you is that it has nothing to do with how many billionaires there are in America.
We have convinced a generation of "too lazy to try" that they are poor because Elon Musk is rich. And that simply has no truth.
Posted on 6/12/26 at 2:17 pm to The_Duke
quote:
A society built solely around maximizing profits--around greed--can’t sustain a healthy middle class, can’t serve its communities, and eventually can’t sustain itself and will collapse.
Capitalism is an economic system in which individuals engage in voluntary economic transaction with other individuals.
You keep on using the terms “control wealth” or “control resources” but that’s not how market economies work.
And it’s an objective fact that the profit motive is the greatest engine of economic production and innovation the world has ever created. Even Marx and Hegel acknowledged as such
Posted on 6/12/26 at 2:18 pm to riccoar
quote:
And how of those are homes they would like to have vs. what they can afford?
You have to work on the ills of why these people can't afford these homes. But what I can assuredly tell you is that it has nothing to do with how many billionaires there are in America.
We have convinced a generation of "too lazy to try" that they are poor because Elon Musk is rich. And that simply has no truth.
And somehow we’ve ended up with the opposite myth on the other side-- that the vast majority of Americans are lazy.
That’s simply not true. This is a basic bell-curve distribution problem--in any population, you’ll have a small group that overperforms, a small group that underperforms, and a huge middle that works hard, shows up, and does what they’re supposed to do.
Pretending that most people fall into the extremes --either “too lazy to try” or “held back by billionaires” --is just bad math and worse politics.
Most Americans are doing their part--the system around them is what’s shifted.
Posted on 6/12/26 at 2:18 pm to BBONDS25
The problem I have with wealth like Elons is that all stocks are over valued. A company will only a couple billion in physical assets shouldn't be valued at 20x that. Valuation is like your house, it's real worth is what you could sell it for when you need to sell. Always betting on the come with stocks is also inflationary but Wall Street rarely gets any blame. Truth is real capitalism is like water and seeks a equilibrium. Croni-capitalism picking winners and losers upsets that.
Posted on 6/12/26 at 2:19 pm to The_Duke
quote:
crisis -- one even Trump acknowledges.
quote:
climb-- it gets
quote:
profits--around greed--can’t sustain
The hyphen use is such a dead giveaway that this dude is copying and pasting his responses from ChatGPT
He's not even articulate enough to share his thoughts. Has to ask ChatGPT to form his rebuttals, but yea he totally makes $350K per year as a W2
Posted on 6/12/26 at 2:21 pm to stout
quote:
The hyphen use is such a dead giveaway that this dude is copying and pasting his responses from ChatGPT
He's not even articulate enough to share his thoughts. Has to ask ChatGPT to form his rebuttals, but yea he totally makes $350K per year as a W2
You may want to go way back to any of my post from years ago--
I've always used that in my text.
I actually use the incorrect hyphen
This post was edited on 6/12/26 at 2:23 pm
Posted on 6/12/26 at 2:22 pm to dalefla
quote:
A company will only a couple billion in physical assets shouldn't be valued at 20x that.
Why not? Why are you only considering their physical assets when you are making your evaluation?
quote:
Valuation is like your house, it's real worth is what you could sell it for when you need to sell. Always betting on the come with stocks is also inflationary but Wall Street rarely gets any blame. Truth is real capitalism is like water and seeks a equilibrium. Croni-capitalism picking winners and losers upsets that.
So, you don't think it would sell for roughly what it is going for right now, if they tried to sell it today?
This post was edited on 6/12/26 at 2:24 pm
Posted on 6/12/26 at 2:23 pm to The_Duke
quote:
You may want to go way back to any of my post from years ago-
I'd rather get kicked in the balls than read a history of The Duke drivel
Posted on 6/12/26 at 2:23 pm to The_Duke
quote:
The fact that the average American can’t afford a home is a crisis -- one even Trump acknowledges.
Start a thread on it.
It has nothing to do with Elon Musk or SpaceX
Posted on 6/12/26 at 2:24 pm to stout
quote:
I'd rather get kicked in the balls than read a history of The Duke drivel
Well stop replying with stupid shite--
Posted on 6/12/26 at 2:24 pm to The_Duke
quote:
Well stop replying with stupid shite--
I stoop to the level of those I am responding to
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