Elon Musk just became world's first TRILLIONAIRE.

Grok:

Musk's wealth is not primarily "crony capitalism"—a term describing success via political favoritism, rigged regulations, no-bid deals, or uncompetitive subsidies that shield firms from market forces. While his companies received significant government support (standard in aerospace and emerging energy), the record shows competitive execution, private risk, customer-driven revenue, and value delivered that far outpaces the aid.

Key Distinctions from Cronyism​

  • Competitive merit, not favoritism: SpaceX won NASA contracts (Commercial Resupply, Crew) through open bidding by offering dramatically lower costs than Boeing/Lockheed (e.g., Falcon 9 reusability slashed launch prices). It wasn't no-bid sweetheart deals; incumbents had decades of cost-plus contracts that encouraged overruns. SpaceX's fixed-price model transferred risk to the company and saved taxpayers billions.
  • Loans repaid, credits earned: Tesla's $465M DOE loan (2009-2010) was repaid early with interest. Regulatory credits (~$11B+) came from selling compliance to other automakers under rules applying industry-wide—not direct taxpayer checks to Musk. EV buyer tax credits boosted demand but were available to competitors (and Musk has called for ending them).
  • Scale and private capital: Cumulative support ~$38B over 20+ years (WaPo analysis: contracts dominant for SpaceX). Compare to trillions in combined market value (Tesla + SpaceX post-IPO), driven by private investors, revenue (Starlink customers, Tesla sales), and innovation. Musk put his own PayPal fortune at risk; companies survived multiple near-bankruptcies through iteration, not perpetual bailouts.
  • Disruption over protection: True cronyism protects legacy players (e.g., legacy auto bailouts, airline subsidies). Musk's firms challenged them: reusable rockets disrupted United Launch Alliance; Tesla forced Detroit to pivot to EVs. Outcomes reflect consumer adoption and tech breakthroughs, not just lobbying.
Critics (Reason, Mises, left-leaning outlets) rightly flag subsidies as distorting. Proponents (Forbes analyses) note Musk outperformed despite them, delivering public goods like cheaper space access and EV acceleration. Many legacy firms (Boeing, GM) receive far more ongoing support with less disruption. Government involvement seeded strategic sectors (as with early internet/GPS), but Musk's equity reflects execution in competitive markets.

​

 
christiefan915 said:
How about NO? :cautious: It's bad enough grok already has me mistakenly tagged as a trump supporter.
Click to expand...


Grok:

On Grok and "Tagging" You as a Trump Supporter​

I (Grok) do not maintain personal profiles, tags, voter files, or political dossiers on individuals like Christiecrite.

Conversations are not stored across sessions for ideological scoring—I'm stateless per query, drawing from training data, tools, and guidelines to maximize truth-seeking.

No mechanism exists here to "tag" anyone as a Trump supporter (or anything else). If a prior response inferred alignment from your words, that's pattern-matching in real-time—not a persistent label.

Analyses of my responses show mixed/center-left lean in some tests (due to broad training data), with efforts toward neutrality.

I'm built by xAI to question assumptions across the spectrum, not serve any politician.

Political support is your business; I evaluate claims on evidence, not team affiliation. If something came across as assuming your views, that's an overreach to correct—not a database entry.
 
FastLane said:
Why aren't you worried about Walmart and the number of people that they employ?
Click to expand...

Learn how to read, Asshole. I did not say I am not worried about Walmart. Okay you fucking asshole?
FastLane said:
If Musk is creating jobs and paying competitive wages and benefits I'm OK with him getting rich.
Click to expand...

So am I...and I have never said differently. Learn how to read, you fucking asshole.
FastLane said:
He took a risk with his money and started businesses those businesses could have failed but under his direction they made money. I'm OK with that..
Click to expand...
So am I...and I know how to read with comprehension. You, Asshole, should learn how to do that.
 
HKzHsmXaEAApeIt
 
Ross Dolan said:
Learn how to read, Asshole. I did not say I am not worried about Walmart. Okay you fucking asshole?


So am I...and I have never said differently. Learn how to read, you fucking asshole.

So am I...and I know how to read with comprehension. You, Asshole, should learn how to do that.
Click to expand...
You are a moron at least Elon Musk gets free rent in your head.
 
Ross Dolan said:
www.nytimes.com

Elon Musk Becomes World’s First Trillionaire on SpaceX’s First Day of Trading

Stock in Mr. Musk’s rocket and satellite maker closed just above $161, up more than 19 percent from its I.P.O. price.
www.nytimes.com www.nytimes.com

And the wealth gap just got greater.

Currently the top 1% of families own one-third of the total wealth of our nation...and the top 10% of families own two-thirds of the total wealth of our nation.

The MAGA morons arguing for government to stay out of the issue must think that people like Trump will voluntarily stop trying to accumulate more of the wealth of the nation.

Gotta wonder what percentage of the total wealth will have to be owned by what percentage of the population before something is done to curb the dynamic.

My guess: The MAGA morons will say that the wealth will grow...and the problem is not a problem.

Fucking idiots.
Click to expand...
If you are a trillionaire and there are unfed children in the same country you aren't a genius, you're just a cunt.
 
You must log in or register to reply here.
Back
Top