Comment Better yet (Score 1) 18
Define crypto as share trading, and tax it accordingly.
Define crypto as share trading, and tax it accordingly.
SpaceX is worth more than Microsoft or Amazon at this point. It boggles the mind how much people are betting on the future just because Musk is a genius. If he gets sick the stocks craters 80% easily and this $60B is more like $12B.
He's not a genius, I sincerely think he's average to slightly below average intelligence for a software dev. Just look how clueless he really is when he pretends to be a technical guru in front of actual experts.
That doesn't mean he doesn't have some exceptional skills, but IQ isn't one of them.
First, he's hard working, at least in spurts (during critical deadlines), and he's willing to make and implement big decisions quickly. Just look at DOGE, Republicans have been trying to lay waste to the US government for decades, but Musk is the only one to actually do it. It was a complete disaster, but it wasn't ethics or common sense that stopped the previous attempts, that's a legit talent for Musk.
Second, CEOs aren't allowed to lie, but Musk has figured out that you can get around that by building a cult of personality and then making ridiculously optimistic predictions and then sell minor advancements as progress. The result is he has a core group of retail investors that buy his stocks based on vibes and refuse to sell once in. Since these retail investors prevent the stock from going down too much institutional investors also jump in on the ride. It's basically tulip bulbs.
They'd run it again today anyway.
you miss out on the true meaning of Christmas.
News would be if he did something that *wasn't* fraudulent.
At least he ended another war on his birthday. People will be lining up to give him peace prizes.
Has an agreement actually been reached? Both sides agree on the terms?
How much was given away to get it?
How will Trump and his stooges spin it?
How long will it last?
I hope you'll forgive me for being skeptical, give what has happened up 'til now.
My last 99 investments were flops
Odd that they keep saying "we will release" and never do.
I thought we were talking about aliens.
Most referenced is Star Trek from the 1960s. how much of that is real now in some form or another?
Not aliens with lumps of rubber glued to their heads.
Musk has risked almost every penny he has on multiple occasions.
I agree he has an extremely high risk tolerance, though that doesn't make him a good person.
He has created, commercialized or drastically improved four things (five if you count the boring company). The 1T of his wealth benefits society in the products we all consume, the environmental gains (he was the first to mass produce electric cars profitably), the jobs he has created and the taxes paid by him, his companies and his workers.
His car company is pretty small as car companies go, SpaceX means some new satellites, but Starlink is the only thing that's really making a difference to normal people. And Neuralink might help a lot of people in the future, but it largely R&D now.
His wealth doesn't come from what his companies have done. It comes from his ability as a promoter and its ridiculous effect on the stock price.
the environmental gains (he was the first to mass produce electric cars profitably),
He worked hard to get Trump re-elected, if he was in fact the tipping point, he has harmed the environment far more than he has helped.
Not to mention all the potentially hundreds of thousands of people who died due to his cuts to DOGE.
Do you see any socialists doing any of these things? This is one capitalistic person. He's done more for the environment than any green party. He's created more wealth and better jobs than all communists combined.
It sounds like this is more to do with your ideology than Elon Musk.
The entire original argument for Brexit was based on racist nationalism.
They wanted to kick the foreigners out (while still letting their own elite vacation in Europe).
Humans are tribal, in modern times that tribe is usually their nation, and they care deeply about the survival of their tribe.
If immigration is seen as changing the fundamental nature of that tribe (nation) people will resist it.
We need to figure out a way to deal with that fact if we want to continue to have relatively open borders.
Anthropic made Skynet? I think not.
As it happens, the Chinese are capable of making their own near-frontier models, many of which they release publicly as open weights.
It's not hype, Anthropic is literally saying there's no actual risk they're aware of.
What actually happened is they refused to let US Intelligence agencies use their models to perform illegal surveillance. So now the US government is illegally punishing them.
The whole point of stock markets and such is that you have hard core rational investors ensuring valuations are accurate.
But Musk figured out that you don't need solid fundamentals, all you need is a hyper-loyal core following of retail investors who support you regardless of fundamentals. So you just bullshit just enough to keep them happy, without crossing too far into fraud, and the retail investors stay on board.
The retail investors create a floor for the price and their crowing about their winnings creates a bubble. The institutional investors then see what's happening and hop along for the ride.
The result is the two most overvalued companies in history (Tesla and SpaceX). In theory, the whole pile eventually comes crashing down, but just like any bubble the fund managers who buy are unlikely to be the fund managers left holding the bag.
% "Every morning, I get up and look through the 'Forbes' list of the richest people in America. If I'm not there, I go to work" -- Robert Orben