The Future of American Prosperity

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You witnessed a scene that was Roman in nature and not just because Gladiators from all over the world were fighting in an arena having been invited to the capital of the world's only superpower with the emperor in attendance on his birthday This was an ornate and well choreographed display of national unity and vitality Unlike something anything that we've seen at the White House in previous administrations, and it's not really even close ics were incredible from beginning to end. eighty thousand people gathered on the ellipse to watch the fights and the rest of the show There were precisely zero unhappy lesbian harpies in sight. The cameras repeatedly cut to members of the military whose morale Apparently clearly high Every few minutes chance of USA broke out. The presresident, the firstirst lady, were sitting in the front row where they interacted with all of the fighters or at least all the winners And Here's what they saw. watch le Michelle Obama is a man. Am I right, America? The night ended with a very close and brutal main event in which the American fighter rallied and pull it off and upset after completely destroying the face of the other fighter whose name I Re can't recall, but it doesn't matter There's the before and after in case you need the visual. At one point a doctor tried to end the fight on camera, but he was rebuffed or maybe convinced otherwise As you can probably tell Even if you didn't see it live, this was a genuinely entertaining and well produced event in every respect And it was quite a contrast from the White House in June of twenty twenty three And twenty four, when the Biden administration hosted a public celebration. of degeneracy to markark Pride mononth, which is of course, a now defunct ritual that was popular among Satanists and narcissists was the exact opposite of the UFC UFC event. It was a mockery of masculinity in every respect ut some of those images from twenty twenty three on the screen to the extent that we can Anyway, U this was the grotesque display on the White House lawn just three years ago Biden White House invited trans activists onto the front lawn to flash everybody in attendance, including children They displayed a demonic flag and worshihiped various deviant sexual practices There was no reverence for America at all because these people hate America You could not imagine a more profound Contrast and transformation You know, someomebody pointed out You compare these images from twenty twenty three to the scene outside the White House yesterday It looks like we won a major war of some kind It's like we overthrew an occupying force that was intent on indoctrinating us and undermining our will to live and subjecting our children to horrific displays of sexual perversion no matter what issues you may have with this administration, this is an unequivocal victory for civilization Those freaks are gone They're in full retreat Nobody cares about their dumb gay Pide month anymore notot even the corporations This is our government now and our culture. I'm not going to play the dozens of clips of leftists complaining about the UFC event nor will I read any of their social media posts. You can imagine they're howling It's undignified, hysterical, barely literate per usual a waste of time to even talk about it. Instead, I'm going to read this insightful post from an anonymous account on X. Perfect summary of why the left cannot tolerate what just took place It says, quote, The Lft mythologizes the White House and Congress as sacred places, not as holy sites for civil religion so they can debase the whole nation with Sorconite piety and sternness turn into a place of delight and popular spectacle strips away the myth of coldness leftists have used for so long as a vehicle for cruel communism and reminds the American people that this house belongs to them. Now this gets at the heart of the left's outrage over the event last night. They worship the various inanimate organs of the state. which is a spiritual sickness. in lieu of churches, they have these monuments and government office buildings in lieu of God, they have bureaucracy The more soul sucking, the better That's how they see the role of government. Their greatest fear is that millions of Americans will come to see the role of government as something else entirely as an institution that exists to reflect the will of the people. which is what it's meant to be The government should not be an object of worship, instead it should facilitate the flourishing of the country. That's its only job They're seething with rage right now because instead of honoring degenerates and sexual deviants and instead of demoralizing everybody who comes in contact with them, It's now very apparent that these government institutions can serve a different purpose. They can reflect the mindset of builders of people who want to create something extraordinary rather than funnel even more money to corrupt left wing NGO's and various perverted organizations They can reflect American patriotism and a belief that our best two hundred and fifty years are ahead of us Now last night and the past week really in the wake of the SpaceX IPO has plainly exposed the difference in this country betweenween people who build, on the one hand people who complain and leach and accomplish nothing whatsoever on the other Now, of course, along with every other civilization throughout history, we've always had builders and leeches What's changed is that the most resentful and least productive people in the United States are no longer ashamed of their life choices. They no longer have any self awareness. They no longer feel any degree of personal responsibility They certainly don't feel compelled to stay quiet and focus on improving their own lives before they we in on national politics. Instead, the most resentful and least productive people in America now have the backing of a major political party, which encourages them to be as miserable as possible all the time. And in particular, they're told to rebel against the builders and seize their property out of spite And that would obviously lead to an economic collapse, which is the entire point Democrats understand that as long as most Americans are poor and bitter, they'll be more reliant on the government and therefore much easier to control No functioning society can survive if these people gain any degree of political power, history, and common sense makes that very clear, but they're going to try anyway And their first target Without a doubt, we'll be Elon Musk So if Democrats retake the federal government Their mission will be to destroy the world's now first trillionaire. And they're not remotely proud of the fact that the world's first triillionaire is an American They're furious about it And therefore they will attempt to do to Elon exactly what they did to Donald Trump. Throw him in prison and failing that attempt to assassinate This is an entire political movement that's premised on jealousy. Ddain for the United States and a fundamental misunderstanding of how the economy works People who have never built anything in their lives, who have never contributed anything to our economy. I've never employed anyone I've never done anything remarkable in any way and who are incapable of experiencing joy, even at the sight of a UFC fighter declaring that Michell Obama is a man, which was great They're the ones insisting that they have the right to confiscate Elon Musk's wealth and to ensure that no one can ever be as wealthy as he is ever again And this is not an overstatement In the wake of the SpaceX IPO, they're coming right out and saying it. This is a post from Graham Platner, the guy with the Nazi tattoo and who's also a welfare queen, who's now the Democrat Senate nominee in Maine Someone who's supposedly one hundred percent disabled and receiving full VA benefits, but somehow he can run for Senate And he's someone the whole party has rallied around and here's what he wrote, quote, Elon Musk just became the world's first trillionaire. Let's make sure he's also the last Now put another way The explicit position of the Democrat Party is that the government must limit the amount of wealth that any one person can hold If somebody exceeds a certain threshold thenen the government can shut them down And think about that statement.'s You he could have said he's a world's first trillionaire. Let's make sure there are many more Let's make sure many more Americans become trillionaires. You could have said that But instead his instinct is, he's the world's first trillionaire. Let's have none ever again This guy has succeeded to this level. Let's make sure no one else succeeds that way ever again. One of the many problems here is that at the moment, the U.S government is in debt to the tune of aboutbout forty trillion dollars give or take Debt grows by trillions every year. unsustainable and no amount of taxation or wealth seizure will'll solve the problem If we forced every billionaire in the United States to liquidate all of their assets and all their stocks overnight at gunpoint whichich of course, would crash the stock market, cause another Great D deepression, destroy all future investment in the country, Droy, you, just destroy the country Uh, economically in every way But even then we'd still have moreore than thirty trillion dollars of debt. So that's a completely false nonsense solution Now in the alternative, we could end the Ponzi scheme That is social seecurity, we could privatize it. we could slash Medicaid. Both of those options would bring the debt down. But as George Bush found out From practical perspective, none of that that will ever happen. People would revolt So that's not a realistic option either. And therefore, there's only one realistic solution to our problem. We can generate more money, a lot more money private industry allow innovators like Elon to do what they plan to do, which is to build corporations like SpaceX and Tesla. into massive twenty five trillion dollars companies Now if guys like Musk accomplish that goal, which is going to be very difficult that we won't have to worry anymore about the national debt. We'll be the wealthiest country in the world by far. Tax revenues will be astronomical We wouldn't have to worry about the national debt ever again by shutting down Elon Musk and every other pential trillionaire Democrats would prevent that outcome from ever taking place They would set a ceiling on our standard of living, which has been steadily declining over the past few years anyway, as you probably noticed And they would do all of it For what So the government can waste more of your money on bridges that don't go anywhere, on high speed railways that don't actually work. So the government can fund more fraudulent Somali daycares and Autism treatment centers, quote unquote So the Feds can fund more useless nonprofits Imagine thinking the federal government can spend Elon Musk's money better than he can I mean, this is derangement on an almost unbelievable scale And they think they can get away with this argument because in their view Most people don't understand how the stock market works or how private industry works But they're wrong. I mean, one of the biggest stories to come out of the SpaceX IPO is that everyday employees of SpaceX, the line cooks in the cafeteria, the engineers, the mechanics are now millionaires. And everybody can see it Now this is what all the fake populists in the Democratic Party are lining up to condemn From top seaseite executives to welders like Juan Hernandez, many SpaceX workers are expected to become instant millionaires, with SpaceX publicly trading on the NSdA Wh you end up with a job at SpaceX And a friend that I met at another job ended up in spaceights And then he called me, I told him man, I don't even know what SpaceX is, but let's go, you know. Hernandez says he worked there for ten years, rising to supervisor, still holding six thousand five hundred shares of SpaceX. How much money do you stand to make in this IPO That opening is going to be like around I one hundred eighty thousand eight hundred eighty thousand dollars. Yes. As an immigrant, you know I was always taught just to work hard do the best I can what I do. And thanks to space that you see the light at the end of the tunnel. Do you feel like you've achieved the American dream Yeah, I mean, but there's no reason to startop. And Juan Hnandez, the welder we met, he says he's teaching his sixteen year old daughter how to invest out of this. And he now works at a different rocket company, Blue Origin. And you better believe when he went over there as a supervisor, he said, Don't just pay me a salary What's the stock plan? Which is a real life changing lesson as well This is something that something that most people don't talk to their children about. at any point in their lives and schools certainly don't teach it. But the SpaceX IPO has brought this very important lesson to everybody's attention. The U.S stock market is the single most democratic and effective tool of wealth creation anywhere in the world. Mike Serovich makes this point a lot And it's important to underscore it. Especially if you start early enough, you can become wealthy by the time you retire simply by setting aside a small amount of money every month You know, if somebody starts working at twenty five years old, earning a salary of six de grand a year, they put Just ten percent of their paycheck away in a Vanguard total stock market fund every month That's around six thousand dollars per year thenen they're very likely to retire with more than a million dollars at the age of sixty five accounting for inflation Well haveve earned more than seven hundred fifty thousand dollars in passive investment growth over the course of their career Now is that money guaranteed Of course it's not If Democrats succeed in preventing anyone from making a trillion dollars ever again, then the market won't grow and everybody will be dependent on the government in retirement, which is exactly what the Democrats want. Now in response, you'll hear some people claim that the market is rigged or that SpaceX is a fake company because it's not profitable yet. They'll say that Elon's companies are basically giant scams and he's only rich because He's deceiving investors and the public. Well, guess what? if that's true You could become extremely wealthy betting against SpaceX and Tesla or any other publicly traded company. Go online to any brokerage and you can short SaceX and Tesla if those companies go bankrupt within a Reasonable time frrame You could turn a relatively small investment, say, a few thousand bucks into millions You could put your money where your mouth is So why aren't any of Elon's many enemies doing that You can scour any of the hit pieces on Elon that have been written in the past week and you won't find an answer to that question. But you will find extraordinary headlines like this one. This has to be one of the saddest the most pathetic headlines I've ever seen. so appropriately enough, comes from Canada, specifically the globe and maail All SpaceX IPO makes Elon Musk the first trillionaire Here's how to properly hate him Yes, here's how to properly hate him This is how they're responding in Canada to the news that a single American is worth more than their entire country And this is why Canada has been stagnant for so long. It's why their economy isn't growing They prefer to just pathetically stew in their own resentment rather than create the economic conditions that grow the country's wealth I mean, they could respond to this by saying, hey, let's make Canada more successful. Instead, they just sit there stewing Writing how to manuals for how to hate trillionaires And ironically enough, this headline, The How to Hate Elon Musk was printed in a newspaper. that's owned by David Thompson, who's a billionaire who inherited all of his money, but presumably We're not supposed to hate the billionaires like David Thompson who did nothing to earn their money We're only supposed to hate the trillionaires who are building cars that people want to buy and reusable rockets that go to Mars and you know, brain chips that enable paralyzed people to control computers with their minds stuff like that. A few hours after publication, the Global Mail realized that they had made the mistake of You know, saying the quiet part out loud So they updated their headline as follows, quote SpaceX is set to make Elon Musk the first trillionaire Is that a bad look for capitalism Now this particular headline doesn't even make sense, but presumably they were panicked when they wrote it I went ahead and clicked on the article only to discover that it was paywalled, shockingly enough. So it's a classic rage bait tactic, which is one of the many reasons why nobody cares about the corporate press anymore And this is what they're reduced to But you know, someone sent me the text of the article anyway, and here's the relevant part And here's explaining why we should hate Elon Musk.Qote, by donating at least two hundred fifty million dollars to the Trump campaign In twenty twenty four, this private citizen positioned himself kill a congressional budget deal more or less single handedly, and then to create a bogus federal agency, the Department of Government Efficiency He staffed it with college agge technobrats who, among other things, effectively dismantled the U. S. Agency for International Development which millions of people depended upon for life critical assistance. According to one study, this reckless exercise goovernment by frat boy cost at least seven hundred sixty two thousand lives by november twenty twenty five Then there's Mr. Musk's hypocrisy, which feeds popular resentment of capitalists who pretend to be pro market but are in fact pro business, Mr. Musk disarages big government while gorging on at least thirty eight billion dollars in government contracts, loans, subsidies and tax credits often at critical moments helping see the growth and has made him the world's richest person So this first claim By the way, is just totally made up. There's no evidence anywhere that Doge cost at least seven hundred sixty two thousand lives Obviously this number was invented by a rapidly left wing woman named Brooke Nichols, who works in the widely discredited field of public health Boston University And this entire field should have been disbanded the moment a thousand so called public health experts sign a letter during COVID saying we could protest against white supremacy and the police, but it wasn't safe to protest against lockdowns In the case of Brooke Nichols, if you go on our social media feeds, you'll find all kinds of insane anti Trump anti musk rhetoric. And if you look at her statistical model about doge related fatalities You'll find that she doesn't actually have a legitimate model Not surprisingly She just takes the number of third worldorers who were supposedly benefiting from these foreign aid programs. and assumes that they all died becausecause the funding was cut She's not actually tracking fatalities in any way Of course, one way or the other, the United States government is not responsible for keeping people alive in Sudan or Yemen or Somalia, or anywhere else. evenven on its own terms The number is simply fabricated The second reason we should hate Elon Musk is that his companies receive government contracts and quote, subsidies at key moments This is the same line that other Canadian media outlets tried to push Here's the headline from CTV, for example, quote How much of Musk's wealth comes from government help virtually all of it And if you read their article, here's what you'll discover.e SpaceX's first major windfall was a two hundred seventy eight million dollars grant from NASA In two thousand six developed the Falcon Rocket systemy and Dragon Space Capsule. The space shhuttle program was ending The U. S. needed a new way to get astronauts and cargo to the International Space Station That was about half of their capital that they raised at that point. Casey Dreyer, chief space pololicy at Planetary Society public interest group advocating spaceflight set ahead of the SpaceX IPO. This was a substantial commitment NASA provided Now notice what's being conflated here Okay, Elon Musk didn't get a handout from NASA. his company received money in exchange for providing an extremely valuable and highly specialized service for NASA, specifically developing the Falcon rocket system and the Dragon Space capapsule And that's not a small thing. NASA needed SpaceX to develop the space capsule and the rocket system so that U.S. government the US. government could send astronauts and cargo to the International Space Station In fact, SpaceX has used the technology to rescue several NASA astronauts who were stranded in space after Boeing sppace capsule malfunctions So this is an extremely disingenuous line of attack You know, to say that receiving money from the government to build the rockets is essentially the same as a handout L drawing a comparison between someone who just gets like EBT so they can buy Doritos from Walmart Getting EBT to buy Doritos from Walmart is the same as getting paid by the government to build a rocket ship B basically what they're arguing. And by the way, if you think it's so easy Oh, this guy got billions of dollars to build a rocket ship He had it handed to him on a silver platter. Okay, well, you go build a rocket ship If you can go build a rocket ship, you could probably get billions of dollars too. So if it's that easy, go do it If it's that easy, go start your own SpaceX. I mean, if it's that easy Go get some handouts and, you know, go ahead Though what Musk opposes and what any reasonable person opposes is spending Taxpayer money on foreign countries and fraudulent nonprofits and Somali daycares and so on as opposed to wasting money. The government's deal with SpaceX was not wasteful at all. He performed a vital service earn the money. He was building rocket ships The grill is shot. The chairs are held together by optimism. And what happened to the rug? Sounds like your outdoor setup is not ready for patio season Fix it all with Wayfare, shop Wfare for grills, rugs, furniture, and more With twenty million five star reviews, room of choice delivery, and experts setup on qualifying orders, it's never been easier to do more for less. Get ten percent off your first eligible purchase Hurry to Wayfair dot com or download the app now. Wfair Hey there, It's Wayfair here, where delivery and setup are as easy as a few taps on your phone. You're relaxing in an old hammock, scrolling Wayfair's app when you spot it, a brand new patio set. Next thing you know, Wayfair delivers it right to your patio and sets it up. Ohh, you need a new grill too? Allright, Wayfair's got you covered. With Wayfair's room of choice delivery and fast experts setup on qualifying orders L gets a little easier. Visit wayfair. com or the Wayfair app. Wayfair, every style every home There's a similar attack in this article that concerns Tesla. Here doesays quote In january twenty ten, Tesla had sold less than two thousand cars in his entire history, virtually all of them electric oddballs based on these sports cars from Lotus a relatively obscure British company that Tesla received a U. S ty six four hundred sixty five million dollars. low interest loan from the Depart of Energy months before its initial public offering. With the loan, the company developed the Tesla Model S Sedan, its first major success paid back the loan early through proceeds from An additional sale of stock in twenty thirteen. Okay, so they received a loan from the government in order to launch the most popular electric vehicle company on the planet interest rate attached to it Tesla paid off the loan with interest in less than three years Okay, what's the problem? Again, this arrangement bears no resemblance. to the kind of government contracts that Musk terminated when he was running doge Government contracts were completely useless We never saw a dime of our money back. and indeed, that was the whole point The government was redirecting taxpayer money to nonprofits aligned with the Democratic Party was a corrupt political machine Democrats are furious that Elon Musk dismantled it One of those furious Democrats is Elizabeth Warren, who posted the following message onn social media, quote Elon Musk just became the world's first trillionaire. The typical American household would have to work more than eleven million years to make Elon Musk's level of wealth We need a wealth tax Now that's supposed to sound like a shocking figure, but it's actually not That shocking All work is not equally valuable Obviously And we should have no problem saying that I could do eleven million years of podcasts and it wouldn't be anywhere near as valuable as what Elon Musk is doing by building rockets and everything else Now obviously, I think that what I do has value else I wouldn't do it. but At the same time I'm not building a colony on Mars or creating a self driving car or allowing ALS pagons to control their computers with their minds And because I'm not so narcissistic that I'm delusional, I have no problem admitting that Like I think it makes sense that Elon Musk as a astronomically more money than I do. That makes sense. Take his name out of it. If you told me about a guy who's doing all those things and then told me that he's got, you know U a trillion dollars, I would say, okay, that makes sense That kind of makes sense Now hearing this, a lot of Elon's critics will say, well, he hasn't really achieved anything by himself, but actually he has When Elon sold his share in PayPal, he was worth around one hundred eighty million dollars, almost everybody else in that position would have retired with the money and never worked again, but he invested every penny of it. He put a hundred million dollars into Space X, seventy million do into Tesla ten million into another venture. If you hadn't done that None of these companies would exist today. So he took on enormous risk at a time when everybody thought SpaceX and Tesla would fail. his one hundred eighty million dollars very easily could have gone to zero and therefore He deserves the investment growth that resulted from his investment But because of all of All of Musk's attackers lack any semblance of self awareness or irony Warren also uploaded this video fromrom the back of her Chauffur limousine, watch Elon Musk is officially the world's first trillionaire Think about that We're living in a time when more and more people are just hanging on by their fingernails to survive in this economy. and Elon Musk has more money and more wealth than anyone in human history I want to be clear. This is not just some fluke It is a feature of a rigged economy. Donald Trump's big beautiful bill cut health care for millions of Americans to give guys like Eon Bigger tax breaks. The tax code rewards CEOs for firing workers and replacing them with AI Lpholes have allowed Jeff Bezos to pay an effective tax rate Lower than a Boston public school teacher And we are left with a country handful of billionaires at the top pop champagne in their three hundred million dollar yachts while working people take on even more shifts to try to pay off their student loan debt. The top one percent of U. S. earners now have more wealth than the entire middle class. We need to overhaul our tax code We need a wealth tax And it's about time. corporations paid their fair share Today's marker should be a wake up call. that enough Nough Time to make change So she's got a driver for her limo. She's worth around ve million dollars and she's never had a real job in her life. She's never employed anyone lied about being an Indian in order to leach off Harvard's endowment Then she started leanching off the taxpayer as a senator and that's the su total of Elizabeth Warren's contribution to the world. So why exactly shouldn't we seize her SUV Why should we repossess her mansion I mean, if we're doing a wealth tax, why are we only going to target people like Elon Musk? Communists like Elizabeth Warren have no answer to that question Instead, they simply tell us that peopleople pay less effective tax than a public school teacher. so we need to rewrite the tax code And she cites Jeff Bezos in particular as an example of a billionaire who pays less effective tax than the school teacher And what she's talking about is the fact that in our tax code, ordinary income which is the cash you get with your paycheck is usually taxed at fairly high rates depending on your tax bracket So for an experienced public school teacher, it's normal for know more than thirty percent of your income to go to taxes On the other hand, billionaires like Jeff Bezos make most of their money by selling stock and stock sales are taxed differently. If Jeff Bezos sells say Billion dollars in Amazon stock then his tax rate will only be around twenty percent as long as he's held the stock for year. So in raw terms the public school teacher might pay onlyn a few thousand dollars in taxes while Jeff Bezos is paying hundreds of millions of dollars Bezilos is still paying a lot more. A whole lot more To Elizabeth Warren, this is unjust because Bezos's percentage is lower Now the funny thing about this example is that Jeff Bezos himself has proposed a solution, one that Elizabeth Warren has simply ignored So Bezos's proposal is to simply drop all income taxes on the bottom fifty percent of taxpayers. Watch Some people talk about you know making the tax system more progressive How about we start by having the nurse and queens not pay? Why are somebody at all Why is a nurse in quQueens who makes seventy five thousand dollars a year paying more than one thousand dollars a month in taxes That's a thousand dollars a month that could help with rent or groceries or anything And so and by the way, do you know what that all adds up to? The bottom half of income earners in this country pay only three percent of the taxes. It's only three percent. We can find three percent. So we don't have it's a small amount of money for the government, you know that. And really and the more I thought about it, to me, it's kind of absurd that we're doing this. You know, we shouldn't be asking this nurse and quQueens to send money to Washington. They should be sending her an apology Now this is a solution That would solve the problem Elizabeth Warren is talking about. But she doesn't talk about this solution She's upset about the fact that because investment sales are taxed lower than income Therefore a public school teacher has a higher effective tax rate than a typical billionaire, even though the school teacher pays a whole lot less. Warren refuses to even entertain the idea of lowering the public school teacher tax rate to zero. You could do that I mean, the only option she considers is raising the taxes on the rich even higher than they already are She's not content with the top one percent paying forty percent of the taxes, which is what's happening right now, by the way. She wants the government to steal even more of their money in the form of a wealth tax. But she'll never even mention possibility of dropping taxes on the bottom fifty percent That's a pretty big clue that Elizabeth Warren isn't actually interested in fairness or you know, making sure people pay their fair share She simply sees that rich people have more money and she wants to take it This is a fundamental issue on the left. They see wealth as a zero sum gain, where if somebody has a lot of wealth, then other people have to be poor, but that's not actually true. possible to generate more wealth And that's exactly what the Democratic Party is trying to prevent That's why every single one of the attacks on Elon is either an outright fabrication or a case of seething resentment Or in the case of Hassan Piker, it's both. watch There is no greater evidence than the abject failure that is Elon Musk. A failure is a human. Meritocracy is a lie, Lying is OP, and money is fake. This story that we are watching unfold in front of us is a great example of all three of those. Elon Musk fail And yet in spite of his failures because he happened to be in the right place of the right time, he has failed upwards with his endless wealth. He's a horrible person, unbelievably insecure person, and yet he's the richest person on the planet. And we know he doesn't f W hard because he tweets all the Now as far as SpaceX goes, hate to admit this, but it is probably the most impressive company that Elon owns. Not that he had anything to do with its success personally. SpaceX, of course, is a government subsidized operation. It should be kept in the hands of the public. But this is the nature of American capapitalism. SpaceX IPals so perfect right now, company without profits sold in a market detached from reality based on fake promms about things that will never do layers upon layers of What's infuriating about the Musk triillionaiire is that his enterprise is built almost exclusively on government contracts is not just that he's expropriating our wealth in an abstract way. hisis fortune is built on the tax dollars we pay that he then obtains through graph. The thing is, I thought after the Twitter purchase that Elon Musk would no longer be seen in such a positive light because Even the dumbest of Americans would recognize that this guy wasn't really doing anything at all and he's simply around being raced on Twitter. But I was wrong because many Americans actually love that, it turns out. Many people are all around the world love that Now Hassan Pker is very rich and offers no value to society at all. In fact, he offers negative value And he's informing us that actually the guy who owns a large stake in multiple publicly traded companies he runs valued by the market at over a trillion dollars each is a failure I mean, the level of delusion and narcissism is just impossible to even comprehend Now for starters, no, Musk's fortune is not built on the tax dollars we pay The total amount of money that Musk's companies have received from taxpayers is nowhere near fifty billionars much less. trillion dollars And again, the overwhelming majority of the taxpayer money Musk's companies received was payment for services rendered That is not a handout Is's not a grift paid to do something important for the country and he did it And by the way today, the vast majority of SpaceX's money doesn't come from the government at all. Starlink, satellite intern interternets is their main venue driver. Now for comparison, in just the past decade, the state of California has spent more than thirty billion dollars on preventing homelessness only to make homelessness much worse They've spent twenty billion dollars on a high speed rail project to nowhere going to require another one hundred billionars to become operational which will never actually happen, as we all know See, that's what happens when the government steals money wasted. They hire incompetent people with no incentive to do a good job And unsurprisingly They do a horrible job I mean, anyone who's been to a DMV, which is all of us, understands this But the guuardian pretends otherwise, Here's their takeown of Elon Musk, quote It's hard to wrap your head around how big a billion is, let alone a trillion. So it's worth pausing really take in just how obscene this sum is We're talking twelve zeros, one million million dollars. If you spend a million dollars every single day, it would take you more than two thousand seven hundred years to spend a trillion dollars Another way of looking at it If you're worth a trillion dollars, then a million dollars is zero point zero zero zero one percent onene ten thousand of one percent of your net worth The median net worth in the US is about one hundred ninety two thousand seven hundred dollars. A million dollars has the same value to a trillionaire as nineteen cents has to a median net worth American. A trillionaire a hundred million dollars feels like nineteen dollars and twenty seven cents to the median American. cost of a large pizza. The bottom line of is this, one person has far more resources than any single individual should possess You could buy an election in the same sort of way. You and I can buy lunch So according to the Guardian, no single individual should possess a trillion dollars. But they don't say why it's wrong to possess a trillion dollars nor they tell us how much money Elon Musk should have in their opinion I mean they're setting these arbitrary limits Well, you can't have that much says who Where are you getting this from? I mean, they're just making it up. Would they be okay if he stopped at nine hundred ninety nine billion I, what amount of money is too much? When you're sitting there Coming up with these fantasies No one should be allowed to have more than this amount of money. M you're like a child You're like a child saying that But worse I mean, my kids are not stupid enough to say something like that No one should be able to here's an imaginary line of money and no one should make more than it Says who says me Why? Because it makes me feel bad when someone makes more money than that While we're at it, how many cars is too many? How many homes is too many? I mean, these are the kinds of questions they asked in the Soviet Union. and notot to spoil the ending, but it doesn't end well More importantly, Musk doesn't actually possess a trillion dollars, okay? A lot of people have no clue how any of this works. The value of his stock holdings exceeds a trillion dollars. That's not cash in his bank account. Iidiots. Is that he can't just go to PNC bank and he can't go to a to an ATM and like look at the account balance and it says a trillion And every indication we have is that Musk is going to hold on to the vast majority of his stocks so that he can retain control over his companies. He's going to do exactly what he did when he sold his stake in PayPal, which is to use his money for the benefit of his companies and by extension, for the benefit of every single American who owns stock in those companies which is quite a few since Tesla and SpaceX are now included in every major index fund. You know, if you have a four hundred one K then Elon Musk's success, benefits you directly. As we read on in the Guardian Article, we see more and more nonsense about why we should be rooting for Musk to fail Qote, a twenty thirteen study led by researchers from Northwestern University found the ultra wealthy are much less willing than others to invest in healthcare and education initiatives that benefit society as a whole They want lower taxes, less government regulation, a system that keeps making them richer, the doge driven dismantling of the US aggency for International Development. already caused a death deeaths of six hundred thousand people, two thirds of them children because of disease and malnutrition according to some calculations Again, there's that made up statistic about all the children that Doge supposedly killed They cite some calculations Without telling you that the calculation was run by a deranged cat lady Boston University And also the figure, I thought it was seven hundred thousand something now it's six hundred thousand. Well, just like when they're setting the limit of wealth, they can just make this stuff up Elon Musk killed eighty billion people That's how I feel anyway Elon Musk makes me so sad that it feels like he's killed eighty billion people And of course, we're told that lower taxes and less government regulation merely serve to keep making Musk richer, even though it also makes everybody richer. Yes, when you let people keep more of their own money, they get richer kind of a universalinciple Spending the money on education initiatives, on the other hand, does not improve anything H we have one of the worst public school systems in the world. There is no evidence that just dumping more money into education actually makes kids more educated. There's no evidence It's never worked that way The money goes directly to bureaucrats and teachers unions that squander every penny of it There's something refreshing about buying a product that's built to do exactly what it's supposed to do. 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Heres Senator Ed Markey of Massachusetts who's been on a personal quest to destroy Elon Musk for some time, quote, Elon Musk just became the world's first trillionaire, while working people struggle to get by The billionaire class is becoming the trillionaire class. It's disgusting. But fighting dacks the rich so we stop rewarding trading stocks over punching clocks And here's Democrat's most likely presidential nominee, Gavid News, quote Americans are struggling to pay for groceries and gas while Elon Musk becomes a trillionaire When the federal government is for sale, the rich get richer and everyone else gets shafted. system is rigged. This is the same Gavin Newson, by the way, who just conducted a softball interview with Hunter Biden. The personification of the federal government is for sale But in this post, Newsom wants us to know that the real problem is Elon Musk because he's rich, while many Americans are struggling to pay for groceries and taxes. And I guess the idea is that until everybody can afford groceries and taxes We shouldn't have rich people Also the idea is that somehow if Elon Musk became poor overnight It would help you with your groceries It would not at all. There's no connection In fact, it would Almost certainly hurt you in a lot of ways. the reverberating effect of that So this is an extremely dumb line of argument But at the same time, We can't dismiss this rhetoric. It's guaranteed to play a major role in ex election for obvious reasons populous talking points tend to resonate and a lot of people do feel justifiably so that the cost of living is too high, which it is As we discussed before, all the money printing during COVID, along with the influx of foreigners who are competing with Americans for housing and employment has made everyday life much more expensive. candidate who wins the next presidential election. will be the candidate who's able to convince Americans that he's going to bring costs down Whatever your political views may be, there's no getting around that fact It is a fact. But it willll be a massive mistake, one that we may not be able to recover from Blame the cost of living on people who are building, people who are creating jobs and enormous wealth, people who are single handedly boosting the GDP of this country They are not the enemies in this scenario Okay of all the targets you could pick, the builders are the absolute worst targets They are not the reason the cost of living has gone up On the contrary, they're the only realistic path forward to erasing the national debt been growing at an unsustainable rate for most of our lives. W Democrats tell you that they want Elon to be the last trillionaire They're telling you that they're going to cap our economic growth indefinitely You know, they want us to fight over the limited resources we currently have. They want you to think that That's our only option to worship their civic religion and to endlessly redistribute other people's money until we run out of it But over the past week, Both Elon and the Trump administration have made it clear that there is an alternative We can take pride in our country rather than our bureaucracy We can create wealth rather than seizing it, That's the approach we need to take if we want to exist as a country for another two hundred and fifty years. We have to reject the jealousy and the insecurity and the impotent pathetic rage of the left and as quickly as we possibly can With the support of as many billionaires and trillionaires as possible We need to build I'll do it for the show today. Thanks watch. Thanks listening. talk tomorrow Have a great day Last month, we judged Martin Luther King Junior, not by the color of his skin, but by the content of his caririr. American school kids spend a lot of time hearing about MLK and Rosa Parks. Have you noticed no one ever asks what Birmingham, Selma, and Montgomery are like today The legacy of the civil rightights movement wasn't a racially harmonious utopia. Hollowed out urban coreps, hundreds of thousands of dead Americans, raped grandmothers, ethnic cleansing, entire neighborhoods. This month, we survey firsthand accounts of the historic wave of nonviolent crime, riots unmleinashed on this country by the civil rightights movement, which caused more enduring damage on America's greatest cities than the atomic bombs dropped on Hiroshima and Nagasaki Who are the winners? And who are the losers? What's the truth about Redline, whight, flight, affirmative action Don't wantan to miss the second part of our special on the civil rightights Mment, The looting of America Dellywire pllus