Archived material Access restricted Article

Today's Front Page   View All of Tue 10/26/2021 View Mon 10/25/2021 View Sun 10/24/2021 View Sat 10/23/2021 View Fri 10/22/2021 View Thu 10/21/2021 View Wed 10/20/2021
2021-10-26 -Lurid Crime Tales-
US GOV: Let's grab all Elon Musk's Money!
Archived material is restricted to Rantburg regulars and members. If you need access email with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by 3dc 2021-10-26 05:41|| E-Mail|| Front Page|| [393 views ]  Top
 File under: Tin Hat Dictators, Presidents for Life,  

#1 The very definition of counting chickens before they hatch and killing the goose that lays the golden eggs all rolled into one. And all to make a better life for the George Floyds of the world.
Posted by M. Murcek 2021-10-26 06:04||   2021-10-26 06:04|| Front Page Top

#2 A young, energetic, well educated entrepreneur and philanthropist who understands math. He must be evil.
Posted by Besoeker 2021-10-26 06:38||   2021-10-26 06:38|| Front Page Top

#3 Well, you have Musk and Thiel on the one hand, tending their knitting and making the occasional sharp observation of society. Then you have Microdose Jack, Fat Boy Benoiff, Suckerpurge, Reed Hastings and other people who think their money gives them some special license to decide how you should live. Maybe billionaires should take a vow of silence.
Posted by M. Murcek 2021-10-26 06:48||   2021-10-26 06:48|| Front Page Top

#4 OTOH, the gummint could stop the subsidies it makes to Tesla and SpaceX. Let the screeching begin.
Posted by M. Murcek 2021-10-26 08:06||   2021-10-26 08:06|| Front Page Top

#5 Ref #4: Some things are better leased than purchased.
Posted by Besoeker 2021-10-26 08:13||   2021-10-26 08:13|| Front Page Top

#6 Hertz's 100K unit Tesla buy means I will get to drive one without owning it or interacting with Tesla sales staff. Call it Samhadi.
Posted by M. Murcek 2021-10-26 08:16||   2021-10-26 08:16|| Front Page Top

#7 Not to mention as well that the stock owners would get fucked as the value drops with the sale for the tax. Bye bye 401k value.
Posted by DarthVader 2021-10-26 09:51||   2021-10-26 09:51|| Front Page Top

#8 Only if you own it or let you broker buy it.
Posted by M. Murcek 2021-10-26 09:54||   2021-10-26 09:54|| Front Page Top

#9 It won't happen until Pelosi et al start majorly short-selling.
Posted by Glenmore 2021-10-26 10:13||   2021-10-26 10:13|| Front Page Top

#10 What's Paul Pelosi doing now? Where's he investing?
Posted by Merrick Ferret 2021-10-26 11:08||   2021-10-26 11:08|| Front Page Top

#11 would be more fair to simply alter the 'step up basis' rule and limit the amount of 1031 exchange holdings to, say $10M.

then the cap gains rate could be lowered a point or two with a net
Posted by Lord Garth 2021-10-26 15:06||   2021-10-26 15:06|| Front Page Top

#12 When a Democrat California senator gave Musk grief he moved to Texas. Not sure where he can go now, but I imagine he'll be a lot more involved in donating to strategic political campaigns in the future.
Posted by rjschwarz 2021-10-26 16:22||   2021-10-26 16:22|| Front Page Top

#13 I basically think Musk has made most of his money from being a Tax Farmer for various green schemes. This should be a warning to everyone: live by the left-wing swindle, die by the left wing swindle.
Posted by Thing From Snowy Mountain 2021-10-26 18:55||   2021-10-26 18:55|| Front Page Top

#14 Icarus Musk
Posted by Merrick Ferret 2021-10-26 20:46||   2021-10-26 20:46|| Front Page Top

23:39 Woodrow
22:54 Snons Bonaparte9744
22:25 DooDahMan
21:20 3dc
21:15 swksvolFF
20:46 Merrick Ferret
20:29 3dc
20:27 KBK
20:24 3dc
20:20 KBK
20:17 magpie
20:09 Frank G
20:08 Frank G
20:01 CrazyFool
19:07 746
19:00 swksvolFF
18:55 Thing From Snowy Mountain
18:43 rjschwarz
18:40 badanov
18:37 rjschwarz
18:29 Skidmark
18:20 swksvolFF
17:59 Nero
17:50 DarthVader

Search WWW Search