True. He redistributes the money from rich investors into salaries and taxes. All of it. He didn’t get shit. Not one cent. All he got is the theoretical value calculated by the extrapolation of the price shares were sold at that diluted his ownership. It’s not real money. He can’t sell shares at that valuation in any meaningful quantity. You can’t redistribute money twice. Musk already did. Money from investors to jobs, salaries, taxes.

The Laffer Curve is a simple but powerful insight: tax rates and government revenue do not move in lockstep - common sense screaming at politicians whose instincts always tell them to fleece taxpayers when they run out of money. Plot tax rates from 0% to 100% on the x-axis and revenue on the y-axis. At 0%, revenue is zero. At 100%, revenue is also zero -no one works or invests when the state takes everything. Between those extremes lies a revenue-maximizing peak, beyond which higher rates shrink the tax base by discouraging work, risk-taking, and growth. High taxes don’t punish “the rich”; they punish work, risk, and innovation. History confirms it. Reagan slashed the top rate from 70% to 28% and real tax revenue exploded by 28%. JFK cut rates from 91% to 70%p; boom times and bigger receipts followed. Ireland dropped corporate taxes to 12.5% and turned a stagnant economy into the Celtic Tiger, without starving the treasury. Lower rates don’t starve government; they restore the incentives that create the wealth government depends on. Freedom, not force, is what actually funds civilization.

It isn’t billionaires. It’s the principle that individuals have a right to produce, trade, and keep what they earn. Billionaires are just the most visible target. Start there, and you normalize the idea that success is a liability. Once that principle is accepted, it doesn’t stay confined. It moves downward. And there’s a practical side you’re ignoring. In a free system, you choose who you deal with. You can walk away. When power shifts to bureaucrats, that choice disappears. You deal with them whether you want to or not. So no, it isn’t about defending the rich. It’s about rejecting a system where your rights depend on who has political power.

Every single country that has ever taxed the rich has scrapped it because it made the country worse. Every. SINGLE. One. Ireland scrapped in 1978, Austria scrapped in 1994, Germany scrapped in 1997, Denmark scrapped in 1997, Iceland scrapped in 2006, Luxembourg scrapped in 2006, Finland scrapped in 2006, Sweden scrapped in 2007, France scrapped in 2018. France’s wealth tax earned the government about $2.6 billion a year but cost the country more than $125 billion in capital flight since 1998. The government estimated that 10,000 people with 35 billion euros in assets left in 15 years for tax reasons alone. Read that again.

“If socialists understood economics, they wouldn’t be socialists.” — Friedrich Hayek

Thank you, capitalism!

Why Socialism Doesn't Work, Explained for a 10-Year-Old. You're in a class of 30 students. One kid works like crazy and gets an 18 average. Another does nothing and gets a 4. The teacher decides it's unfair and gives everyone the class average: 11. The one who had 18 stops working. Why bother if it changes nothing? The one who had 4 keeps doing nothing. Why work if you're handed 11 for free? The next year the class average is 7. Then 5. Then 3. The teacher doesn't get it. He thinks the problem is that the students aren't supportive enough of each other. So he starts punishing those who don't put in enough effort. He monitors everyone. He decides who studies what. He bans switching classes. That's exactly what happened. Every time. In every country. No exceptions. USSR, China, Cuba, Venezuela, North Korea, Cambodia, Ethiopia, East Germany. 40 attempts. Same result. Every time. Socialism punishes those who produce and rewards those who don't. Everyone ends up producing nothing. And when no one's producing anymore, the government uses force to make people work. It's not an accident. It's the design. - @brivael

Want to fight fascism? Try libertarianism. Sounds backwards, right? The leftists on campus say free markets lead to fascism. But the people who actually identified fascism first—decades before it had a name—were libertarians. 🧵

Socialism is a mental disease spread by those looking to prey on the economically illiterate.

Hard times create capitalists. Capitalists create good times. Good times create socialists. Socialists create hard times.

Sudan: Ca. 150.000 Todesopfer 12 Mio vertrieben 64 Prozent aller Einwohner sind auf humanitäre Hilfe angewiesen 3,6 Millionen Kinder stark unterernährt Wieso interessiert das eigentlich kaum jemanden?

Why They Are Terrified of @elonmusk

I have some theories.

That uplifting moment when a SpaceX employee met Elon Musk, gave him a hug, and shared his optimism about the upcoming Starship test flight. "We will make it," he told Elon with confidence.

If the FIFA and the NFL want security by the U.S. government, they need to pay for it.

Extremely telling that a common thread among these SpaceX employee testimonies is a desire for more Elon and not less

For a generation, we got cheap crap from China—and they got our debt. Our grandkids are going to be paying that off. It was utterly unsustainable and no one else had a plan or the guts to take this on until Trump. Unsurprisingly, the elites on both sides are choosing China.

Powerwalls in California Virtual Power Plants provide hundreds of megawatts during the summer, earning millions for homeowners. Sign up via Tesla App if you are in one of these utilities @PGE4ME @SCE @SDGE @LADWP @SMUDupdates

Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. This is absolutely false (and this was communicated to the media before the report was published). The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.  – Robyn Denholm