Elon Musk is now a trillionaire. They’re driving Brink’s trucks loaded up with cash to his house as we speak. He took all the money from the rest of us and they’re just letting him get away with it. It’s an outrage. I’m shaking with righteous anger.

If Bernie's 5% annual wealth tax on billionaires had been enacted in 2012, Elon Musk would be worth less than $365 billion instead of the $1.2 trillion that he's worth today. Elon would still be the wealthiest man alive & every family in America would have universal childcare.

Ro, you’re lying and you know it. You compared a man’s net worth to a country’s GDP. A balance sheet to a year of output. You went to Yale. You learned the difference between a stock and annual output flow. But being a politician and lawyer, you love to lie and gaslight the economic illiterates, it’s your entire business model. You want a 5% tax on Elon to fund free trade school for every American. Trade school costs $80B/yr, you can’t even fund a year. Elon doesn’t have $55B in cash. It’s stock. You know this. To pay, he sells roughly $70B of Tesla and SpaceX shares, and the sale itself gets taxed on top. SpaceX raised $75B at its IPO this morning at a $1.77 trillion valuation. Imagine him selling that amount every year. Ro isn’t taxing Elon. He’s taxing everyone who gas exposure to the market. Every pension fund and index fund on the planet gets wrecked. And given Ro, he’ll insider trade and short before the bill passes. And for what? To rip capital from the best allocator alive and hand it to the most incompetent institution in human history. Elon turned PayPal gains into Tesla and SpaceX: 120,000 jobs, launch costs down 90%, two industries that didn’t exist, a $1.77 trillion company from nothing. You’ve never built anything. You’ve never employed anyone. You’ve never created a dollar of value in your life. You collect a government salary and demand tribute from men who do what you can’t. Your machine spends $7 trillion a year and still runs a $1.8 trillion deficit. It loses up to $521 billion a year to fraud. More than your entire tax raises. The Department of Education went from $34 billion in 2000 to $268 billion in 2024. 8x the money. Reading scores at multi-decade lows. Trade schools still unfunded. You don’t lack money. You lack competence, and you want Elon to subsidize it. You haven’t donated your wealth. You haven’t moved into government housing. Empty your accounts first, Ro. Then preach. Elon’s options get taxed as ordinary income at the top rate when exercised. Over $500 billion in lifetime taxes, the largest tax stream from one human ever. You want $55 billion now in a way that craters the shares the $500 billion depends on. Your tax doesn’t raise money. It kills the companies, kills the jobs, kills the pensions, and torches a bigger check already in the mail. You’re the monkey in the middle, Ro. You can’t build. You can’t allocate. You can’t even count. So you eat from everyone else’s pie and call it fairness.

Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him. In one year, it could fund: - free public college & trade school -$10/day childcare - Special-needs education nationwide Wealth inequality is the moral failure of our time.

Brad, a 5% tax on Elon's trillion net worth would literally pay for free college and trade school for every American. And with the market's growth, he still would be worth over a trillion dollars! You don't think that's worth it?

For those about to invest in SpaceX, 1. Please don’t say you weren’t warned. You were. Many times, by many people. For many reasons. 2. Thousands of Elon’s thousands future great-grand children will thank you for your donations.

Buttigieg: Nowhere in the Constitution does it say that there have to be nine Supreme Court justices. That one doesn't even take a constitutional amendment. It just takes a readiness to set up a court that fits this country.  We could have 13 seats matching the district structure of the federal judiciary, but also a process that makes it less partisan. We cannot have partisan warfare every time there's an opening on the court

Tomorrow's I.P.O. of SpaceX could turn out to be the universe's largest Ponzi scheme, and you and I are paying part of the price whether we like it or not. robertreich.substack.com/p/m…

Morning Run Done. Family is sleeping in a little this morning. Normally we hang out right before I go to the gym. Instead you all have to deal with me. I have a little story to share. On my run I heard a quote I wanted to share. Thought it was motivating and true. “A Champion isn’t Born. A Champion is Built. Nail by nail.” “I failed, failed, failed, failed. And therefore I succeeded.” Sometimes in life you get the shit end of the stick. For those who don’t know, a year and a half ago we lost everything due to Hurricane Helene. My wife and I were struggling to get pregnant—a 3-year journey. And then we lost everything. Photos, beds, books, clothes... hope…everything. It was the second time my wife ever saw me tear up. The first time was her walking down the aisle on our wedding day. A dear friend took us in and gave us a bed to sleep on. Five hours after the storm ended, we got to work. We rebuilt the house from the ground up. In 3 months, the night before New Year's, we moved back in. We had no kitchen, but we had a mattress on the floor, a mini fridge, a microwave, one functioning bathroom—and we were home. People asked how I got my permits so fast, how I got my insurance so fast, how I found workers. I grinded. I didn’t take no for an answer. Sometimes I sucked up to people. Sometimes I flirted with the older lady at the permit office. And sometimes I made my voice heard in ways I don’t recommend. At the end of January we had our cabinets in but no counters. We didn’t care because now we had a real fridge and stove. To make January even more special, we found out we were pregnant at the end of January. I never posted about it or talked about it. I was too focused on what had to get done. It was give up or win. Another quote I heard on my run: “Right after your biggest failures is often when your biggest wins in life arrive.” I know many of you are going through it too. Just know you’re not the only one. And you will make it through. There is no other option. Don’t give up. Keep going. One step in front of the other. One nail at a time.

He is about to raise $75 billion at a pure fantasy valuation. Literally getting the money he has been aiming to get for 20 years to supposedly achieve his dream of making life multi-planetary, and instead of celebrating, he is spending his time tweeting racist shit non-stop. The fact that people are not only OK with that but they are like "take my money" will forever be cringe. I have no respect for anyone who ignores his racist diatribe to try to make a few bucks speculating.

As someone who studied spacecraft design, this is the single dumbest thing I've ever read on here. Thread (1/x)

Computer chips have to stay at 140F tops. The radiator would need to be the size of a football field for just one satellite. The international space station cost 150 billion dollars - AI satelites dont have that kind of budget my friend.

We initiated coverage of SpaceX; $165 price target. #1 insight: the merger with xAI nearly triples the value of the latter, allowing short term in-house compute, longer term orbital compute. Not investment advice. Do your own research. Like & repost if you want more details!

You know the reason your Stanley or Hydroflask is so good at keeping your water cold is because there's a vacuum inside the walls of the thermos. Heat can't conduct in a vaccum. And "radiated" heat is ineffective at the temperatures processors operate at. This satellite will be like plugging in your gaming PC without a CPU cooler. It'll be dead in minutes.