Intelligence, Knowledge, And Ability. Don’t Look For It In The Bureaucracy Or The “Public Service” Class.

People who have never done anything but government do not understand how wealth is created, grows, and expands to other areas. That is why “tax the rich” will never work.

A man I respect deeply was outraged when the Tesla board of directors approved a ten year one trillion-dollar performance based contract with Elon Musk. He said, “This should have never been allowed!” I pointed out it’s only the concern of the company owners, i.e., the stockholders. Also, it was not simply a check written out to Musk for one trillion. The compensation package is in stock and other securities, assuming Tesla reaches certain milestones over a ten-year term. If he doesn’t produce, he doesn’t earn wealth.

To paraphrase a great chief executive, Lord Darth Vadar, “It will motivate him.”  I completed my response with this, “If any man is worth this much money, his name is Elon Musk.”

Recently I saw this meme with Jimmy Six-Genders Talarico, explaining how he would tax Mr. Musk’s wealth (not income, wealth) “out of existence.” Now in all honesty we can’t be sure he actually said this. The Internet is full of plausible but false memes. Hell, I was chatting with Abe Lincoln a few weeks back on X and he warned me he gets taken out of context all the time.

But Six-Genders did say this earlier this year, and it got the left very excited.

Jimmy is really not that bright. He says taking the money from Musk so good people, like himself, can provide “food, shelter and health care” to everyone. Jimmy, hate to burst your bubble, but you’re too stupid to put a Band-Aid on or boil water. I doubt you can shop for groceries (your pathetic ad with the rented pick up not withstanding). But, in case you haven’t been keeping up on current events pal, we don’t have a trillionaire on this earth.

On June 20, 2026, SpaceX stock went public. As the largest shareholder, Musk made the most money. On paper his wealth went to 1.11 trillion dollars, and in the months afterwards it settled down. As of right now, Elon Musk is worth approximately 900 billion dollars (no, he will not be clipping coupons to make ends meet).

Now Jimmy, seeing you have no knowledge of economics (or biology, or childhood development, or child rearing), let me enlighten you. Elon Musk started his clime up the latter in 2002 when he sold PayPal. His worth was approximately 180 million. In 2004 Musk invested in Tesla motors (6.5 million) and SpaceX (10 million). Within four years, after one failure after another, Musk was busted (worth nothing, on paper). Tesla and SpaceX then grew massively (Tesla 700% in 2020 alone), and Elon reaches 280 billion in wealth in 2021.

Then he has a contraction, like many during the Biden years. In 2021 Tesla stock goes down 65% and Elon buys Twitter for 44 billion. Musk’s fortune drops to 130 billion (may have had to cut some coupons back then). Fast forward, Musk sees his wealth expand over the years with SpaceX and two business opening (xAI, Tesla Robot). Finally, in June of this year, SpaceX goes public, and Mr. Musk wealth grows to 1.11 trillion.

But now he’s only worth how much Jimmy? How did he lose over 200 billion dollars? Because Jimmy, his wealth is in stocks and other investments, not in cash. The value of these assets fluctuates daily. It’s not like he has a savings account with a trillion-dollar balance (that would be nice, at 2% interest it earns 1.67 billion a month). But those investments are only worth what someone is willing to pay for them.

Jimmy, you should learn the wisdom of the founder of Wal-Mart, Sam Walton. In October 1987, he was the richest man in America at 8 billion dollars. On Black Monday, October 19, 1987, his worth dropped from 8 billion to 6 billion. He said, “It’s paper. It was paper before, it’s paper now.” An econ lesson there Six Genders, Mr. Walton recovered the 2 billion in less than two years.

Again Jimmy, how would you “tax” this wealth. If you “seized” it, that would be an issue with the constitution and the “takings” clause. You tax at 90% or so, rich people like this know how to move or hide their wealth (Lower Slovia, here we come). Also, if you got a large tax on this wealth, the only way to pay is to liquidate the asset. If half of Musk’s SpaceX approximately 6.5 billion shares of stock went onto the market, the price would plunge. So the half trillion you were planning on would end up as less than 100 billion. Sucks to be you.

Six Genders, you may want to look at your fellow communist, err democratic socialist, in New York City. He has taxed the wealthy so much so fast, they are grabbing U-Hauls faster than California middle class producers. Jimmy, hate to shock you, if you don’t have money to tax, you don’t have tax revenue. Have Mommie explain to you, 15% of a billion is a lot more than 90% of nothing.

Again Jimmy, we know you have no idea what you are talking about (kinda like the commercials with your grandpa or you playing waitress). If you try to seize multi-billion-dollar wealth, these men, who know how to create it, know how to shift and hid it from your claws. So your promises on providing “food, shelter and health care” are as meaningless as your ad on lowering the cost of insulin.

After you get wiped out in November, I suggest you have mom read to you (slowly) Basic Economics by Thomas Sowell. Then ask the adults in a Girl Scout troop if you can be instructed by one of their young ladies (you will need to be supervised of course) on cookie sales. These two actions will finally give you some grasp of how the economy works. Good luck.