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Elon Musk @elonmusk - Correct.
My Tesla and SpaceX shares, which are almost all my “wealth”, only go up in value as a function of how much useful product those companies produce and service.
This means my “wealth” can only increase due to producing more products and services for the public. Moreover, anyone else who is a shareholder in Tesla and SpaceX, which incudes employees, participates in the upside of stock appreciation.
That is because I am a maker, not a taker like the Bernie Sanders type politicians of the world. They take and they’re on the take, because they cannot or will not make.
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toly@toly
Elons stocks aren’t wealth. If the number of Tesla shares doubled the world isn’t any richer. If the number of Tesla cars doubled, it’s measurably richer.
For him to get to $1t in capital, he has to organize labor to set the means of production in motion to produce enough consumer wealth that his companies are worth trillions. Aka he has to ship wealth to consumers.
Whoever runs on inequality isn’t a socialist. They aren’t running on “let’s build more houses or more hospitals” because they actually can’t find anyone competent who can organize labor so these things end up being built. The outcome is always just more state debt and inflation.
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Saikat Chakrabarti for Congress @saikatc
.@RoKhanna is right. We have to innovate while making sure a fair share of the new wealth is going to working people.
Right now, we are on the verge of creating trillionaires while most people are struggling to afford the essentials.
A small wealth tax is the bare minimum.
https://x.com/elonmusk/status/2006014310607167607