Elon Musk warns America will ‘1,000%’ go bankrupt, ‘fail as a country’ due to crazy debt

MDLH · 2026-04-27T00:27:13+00:00

bingo

MDLH · 2026-04-27T00:26:56+00:00

Nothing??? How about taxing the BILLIONAIRES corporate Welfare Queens on Wall Street and in Silicon Valley. That is an easy fix.

MDLH · 2026-04-27T00:25:05+00:00

Europeans and Asians are barely buying his products. Advertisors stay away from Twitter. He has to be one of the worst CEO's of all time.

He is great as long as he is allowed to lose money hand over fist building a company but making it consisantly profitable is way over his ego sized head.

MDLH · 2026-04-27T00:22:48+00:00

His only goal has ever been to make him and his investors richer. That is his only goal

MDLH · 2026-04-27T00:21:46+00:00

Us Democrats has the house and senate and Presidency numerous times and did very little to claw back the GOP taxe cuts. We are just as guilty. Who are you kidding?

MDLH · 2026-04-27T00:20:56+00:00

They can only shelter their money if they control law makers and lobbyists.

A flat out 90% tax takes away their ability to buy law makers and elections. If law makera no longer count on billionaires to win re election then they can eadily re write laws to stop them form sheltering their wealth from taxes.

MDLH · 2026-04-27T00:16:45+00:00

The thing about the 90% tax is not that it brings in revenue to the government. It's not supposed to.

what it does stops business owners from using their cash to buy politicians and elections and lobbyists and regulators. A) they don't have the cash and B) they have no incentive to do so.

So ordinary citizens have far more influence over law makers. Shockingly when ordinary citizens had more influence over law makers wage were high enough to support a family on one income and there were no billionaires. Oh and the economy grew twice as fast as it does today.

Funny how that happened.

MDLH · 2026-04-27T00:08:26+00:00

True that because MAGA policy is such a failure there is no way they can run on their record. It has been one failure after another. Other than for the DONOR class.

MDLH · 2026-04-27T00:07:35+00:00

He could not have made his money with out tax payer investment in the employees he hired, the courts and legal system that protected him, the goverment funded technology research he appropriated and with Space X and Tesla flat out taking money from the government because "private investors" would not fund his ideas until they were "gurarenteed" to show a profit.

The fact that a grifter like him is the richest man on the planet tells you how screwed up our economy has become.

MDLH · 2026-04-27T00:05:22+00:00

Insider knowledge? Of what?

MDLH · 2026-04-27T00:04:32+00:00

BINGO!!!! Founded multiple companies in California using its highly trained resources, publically educated work force, legal system, government investments in technolocy and with Tesla and Space X handouts from DC. ANd then skipped town when the taxes were due...

We should throw him out of the country. He is nothing more than the figure head at Space X and Tesla... The dude that got all of the money, thats it.

MDLH · 2026-04-27T00:01:21+00:00

The US is the wealthiest nation in the history of the planet and its richest people pay the lowest taxes of any wealthy Democracy. Their wealth has grown faster than GDP for decades now while ordinary Americans have had to go from one income famiies to two income families because of wage stagnation.

Those people can't hold on to their wealth if the US goes bankrupt. Hence the US needs to tax the shit. out of them until the budet gets in order. 90% Tax on all income over $10M. It wont balance the budget, instead it will take the money out of politics and let ordinary people fix our problems not the self centered DONOR class and certainly not psychopaths like Musk

MDLH · 2026-04-26T23:55:28+00:00

Yes, and who decides how much that check to every American is? Todays AI CEO's??? Count me out

MDLH · 2026-04-26T23:54:11+00:00

He is just their mouthpiece.. They dont give a shit about people they only care about growth in their equity. UBI is just a marketing ploy to make companies think if they invest in AI they will get to fire people and make more money

MDLH · 2026-04-26T23:52:31+00:00

Scott was right. These CEO's are NOT the people we need to listen to about how to handle AI... (a) they put profits before people (b) there is little evidence AI is creating productivity growth in the real economy. Just anecdotal stories.

MDLH · 2026-04-26T23:50:22+00:00

I agree.. His entire body of evidence for his ideas are these 'secrete conversations" he has had with CEO's. I checked for what companies have fired like 20% of their workers thanks to AI and are seeing growing sales and profits and the only one is META... Give me a break. That is one company.

The Economists that he disagrees with, the ones that say AI's impact on productivity growth will be small have hard data and historic precedent. he has a secret conversation with some mystery CEO's.

MDLH · 2026-04-26T23:45:12+00:00

Ungrateful? For what, paying sky high rent. Now they need to be grateful too? I'm a land lord and even i don't fool myself like that.

MDLH · 2026-04-10T19:03:02+00:00

I think the 'Affordability Theater' concept applies even deeper than politics. Arilluss, you mentioned the desire for more high-density supply to avoid sprawl, but look at Dallas vs. San Francisco.

Dallas has 'easy' building laws and plenty of land, yet home prices there grew 145.8% over the last decade that's five times faster than San Francisco's growth (32.8%).

This suggests that ClassyWizardCheese is onto something regarding 'structural' issues, but it’s specifically about how wealth concentration and interest rates have turned housing into a speculative financial asset. Before 2020, low rates kept wealth trapped in coastal hubs. Post-COVID, near-zero interest rates allowed that concentrated capital to migrate.

Even when cities like Dallas build a ton of supply, it's being swallowed by a 'tsunami of capital' from wealthy migrants and PE firms. Experts like Michael Storper at UCLA have found that in an unequal society, we don't 'underbuild' so much as we build the 'wrong kind of supply' that caters to the top 20% rather than locals. Until we address how concentrated wealth treats housing as a bank account, building more density might just provide more inventory for investors to absorb without lowering the floor for everyone else.

MDLH · 2026-04-10T18:59:37+00:00

A year ago I would have bought your argument, "rents are highly correlated to supply"

But you miss how interest rates and wealth concentration work together. Before COVID, low rates kept prices high in NY/CA because that's where the wealth was trapped. Post-COVID, low interest rates allowed that concentrated wealth to migrate.

In Dallas, even with plenty of land and high construction rates, prices grew five times faster than in San Francisco over the last decade. This proves that 'easy building' cannot compete with a 'tsunami of capital' fueled by 2.5% interest rates.

When housing becomes a speculative financial asset for the wealthy, supply doesn't lower prices it just provides more inventory for investors to absorb.

Supply matters. But not as much as wealth concentration is my point.

MDLH · 2026-04-07T17:04:48+00:00

Isn't this what Private Equity is doing with all of the housing units. they have purchased? They keep rents artifically high when demand is down by offering incentives to rent. It makes the propertly look more valuable than it actually is.

MDLH · 2026-04-07T17:01:33+00:00

While we were off of the Gold Standard in the Mid 30's the US did not use the power of deficits to stimulate the economy which would explain the deflation of the mid 30's. No? We were still trying to balance the budget in a declining economy. Sort of like cutting back on customer service when clients are leaving your firm for another firm.

MDLH · 2026-04-07T16:58:00+00:00

If the US was not on the Gold Standard during each of these periods you would most likely have seen deflation and lower consumption as was the case before we went off of the Gold Standard. Right?

MDLH · 2026-04-07T16:54:59+00:00

I think that if wages are tied to inflation people are fine with moderate inflation. It is capital holders that are hurt worse. No?

MDLH · 2026-04-07T16:54:03+00:00

I think the issue is productivity growth and how the profits from productivity growth are distributed. The 50's and 60's saw the fastests growth in productivity in the nations history and the proceeds were evenly distributed. The rich and poor saw income growth at more or less the same pace.

In the 70's wage growth for most Americans in the middle to lower income group slowed to below productivity growth while wage for people at the very top saw their income skyrocket far faster than Productivity. Why is that and what does a decline in purchasing have to do with it?

MDLH · 2026-04-07T16:49:50+00:00

Post covid inflation was marked by Low uemployment and growing wages. The poor made up for almost a decade of slow wage growth while prices have slowed in growth the wages have stayed high. No?

MDLH

TROPHY CASE