Elon Musk Keeps Saying Trump Will Tank the Economy
Elon Musk Keeps Saying Trump Will Tank the Economy
A strange tactic to take a week before an election, to say the least.
Why would Musk do this? It seems notable that one of Musk’s heroes is the current president of Argentina, Javier Milei, who has been credited with taking a “chainsaw” to the nation’s government. Milei, an avowed “free market,” “anti-woke” libertarian, took office in December of 2023, and has instituted what he calls an “austerity” budget, characterized by economic “shock treatment.” This strategy has involved making deep cuts to government spending on social welfare programs, devaluing the peso, and cutting thousands of government jobs, all in the hope of some vague libertarian glowup in the near to far future.
Billionaires profit SO much from a tanked economy. Everybody else is fucked, but all the toys they want to buy go on sale. Namely competitors.
This right here is the answer. Everyone can go home now.
Seriously, it’s not the low taxes, though those are appreciated, it’s the prospect of more market share which equals more wealth and, most importantly, power. During the housing crisis we had banks that were deemed “too big to fail.” For the next one, a handful of super-wealthy assholes will receive the same designation.
Musk, who was talking about reducing the national debt
so why is he supporting an ex president who blew the national debt up beyond anyone that came before?
Oh he still wants to reduce the national debt. In specific, he wants to reduce the debt he has to several nations.
Well there's the problem, you seem to think that things like basic pattern recognition and an understanding of basic reality are involved in someone deciding they like Trump.
Trump overspends because he doesn't know the value of money. Elon wants money and the government has the most of it. Starlink is a government funding machine that soaks up all the space budget. But NASA has been bearing the brunt of budget cuts each year since they retired the STS shuttle, so Elon wants that defense budget via the NRO. Trump founded the Space Corps and believes in the vague idea of "space is future" that Elon pumps out and will overspend trying to make that happen. Elon's plan is to directly receive government money.
Trump is so dumb as to not understand details, easily persuaded, and has unlimited money that Elon sees him as the best way to get space seed money.
Trump overspends because he doesn't know the value of money.
Trump “overspends” because he doesn't understand the concept of actually paying a bill.
He's spent all his life refusing to pay a single bill, and somehow getting away with it.
It doesn't matter if the money is his or the government's (until he steals it). He won't pay. If he has anything remotely resembling principles, not paying is his main one.
He's as capable of intentionally paying a bill as he is of growing a second head. Or bigger hands.
After the mass deportations, all of the most fervent deportation enthusiasts should be required to work in the fields to compensate for the depleted agricultural sector.
Nah, prisoners and children will take over all the shitty jobs.
Ha. Reminds me of my favorite Bob the Angry Flower comic:
Somebody doesn't want his government contracts and subsidies to be ended.
I hope Harris wins so this asshole gets absolutely destroyed and deported.
The US that was mostly funding SpaceX should have access to most of the parents that I'm sure they have if they are funding it. It's wild that a lot of the work that could benefit the future generation that was funded by the current generations is owned by a corporation.
99% of their "innovation" comes from pubic sector academia or stuff NASA already figured out anyway.
IMO SpaceX shouldn't have exclusive rights to any of it, really
The only thing they're really bringing to the table is money. NASA could be doing exactly the same stuff if the government actually treated it as a priority.
It matters not who the president is. Elon musk is in the rich boys club. Ain’t nothing will happen to him. The best we can do is hope for a disease to take him out.
He has US citizenship, at least according to wikipedia. Much as I hate him the government can't just revoke that afaik
Trump is planning on deporting legal US immigrants. There will be US citizens that get caught up in this. And it will be seen as a feature rather than a bug.
No but we have many many open prison cells that he could move into
ffs, these guys work for Putin!
Like Milei’s strategy, Trump advisors see a leaner, stripped-down bureaucracy as the key to long-term national wealth.
I rather suspect that "national wealth" would have to be interpretedas their personal wealth, not the wealth of the nation or any of its non-billionair populace. Policy by billionairs for billionairs.
He's suddenly worried about the deficit afaik. So to balance the budget while giving massive tax breaks to billionaires means people will suffer. Because free market or something.
Musk will be fine if he does.
Sounds like the plot from any spy movie where the bad guy wants to nuke the planet in order for a more perfect civilization to be born out of the rubble. Which is to say, I think we can all acknowledge there is some truth to the statement.
However, the rest of us rational thinkers might choose to prioritize other economic and legislative means before wiping out everyone but those who could survive a global disaster in their sub or extra terrestrial bunkers.
The fun thing is that the rich tech bros who think they can ride out The Big One in their bunkers are aware that their security staff would have no fealty to them once money is no longer worth anything and they can't figure out what to do about it... but some of the ideas they've come up with are hilarious, like exploding collars or locking up the food and hiding the key.
Elon and Zuckerberg and the others would be shot in the head by their security chief the second that person realizes that they're no longer being paid.
Sounds like the plot from any spy movie where the bad guy wants to nuke the planet in order for a more perfect civilization to be born out of the rubble. Which is to say, I think we can all acknowledge there is some truth to the statement.
Except there's no proof, let alone a guarantee, that out of the destruction that "a more perfect civilization" will be born. So, sorry, no. There's no truth here to be acknowledged.