{"id":24718,"date":"2017-08-09T12:56:57","date_gmt":"2017-08-09T16:56:57","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=24718"},"modified":"2017-08-09T12:56:57","modified_gmt":"2017-08-09T16:56:57","slug":"elon-musk-crony-capitalist","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=24718","title":{"rendered":"Elon Musk, Crony Capitalist"},"content":{"rendered":"

Good day all Most of you may have heard the name Elon Musk over the years. He owns the Tesla electric car company, which produces expensive, mediocre, battery powered cars that rich, spoiled, politically correct moonbats like to buy.<\/p>\n

\"\"<\/a><\/p>\n

<\/p>\n

Musk is also building this thing called a \u201cHyperloop\u201d and owns SpaceX, which he plans to use to nuke Mars or something. However, there is a small problem with all of Musk\u2019s plans. He isn\u2019t spending his own money or that of his investors on them. No, when Obama was in office, Musk sank his snout deeply into the tax money trough. Now, people are beginning to wonder why the taxpayers are supporting him. Here\u2019s a Commentary from The Hill<\/b><\/a>:<\/p>\n

Tesla\u2019s new Model 3 has finally arrived, and not a moment too soon. The critics seem to love it, and Tesla management says it\u2019s already received deposits for 500,000 of the vehicles. Perhaps now Elon Musk can finally get his hand out of U.S. taxpayers\u2019 wallets? <\/b><\/p>\n

\"\"<\/a><\/p>\n

Musk is, to be sure, an ideas man. Private, commercial space travel? Check. Washington to New York in less than half an hour in what he calls a \u201chyperloop\u201d train that will travel at 800 miles per hour? Check. A new kind of tunneling engineering? Check. Solar energy? Check. Electric cars? Check, check.<\/b><\/p>\n

Well, no one said that Musk didn\u2019t have any ideas. Paying for them? Yeah, not really, no.<\/p>\n

As wide-ranging as these various entrepreneurial ventures may be, they all have one thing in common \u2013 not a single one of them would get funding in a competitive private capital market if it weren\u2019t for massive (and I do mean massive) taxpayer-funded government subsidies. <\/b><\/p>\n

\"\"<\/a><\/p>\n

A study published two years ago by The Los Angeles Times revealed<\/a> that just three of Musk\u2019s ventures \u2013 SolarCity Corp. (which manufactured and installed solar energy systems before its 2016 merger with Tesla Motors Inc.), Tesla Motors Inc. (which manufactures electric vehicles), and Space Exploration Technologies Corp., known as SpaceX (which builds rocket ships) \u2013 had received $4.9 billion in government subsidies to that point in time. <\/b><\/p>\n

<\/p>\n

So I\u2019ve sent this weasel $5 billion dollars of my hard earned money? Well, at the Moonbats buying his stuff are paying fair market value. Umm, not so much it seems.<\/p>\n

But granting literally billions of dollars in taxpayer subsidies to Musk\u2019s firms isn\u2019t the worst of it. No, that honorific is reserved for this little gem: In order to induce car buyers to spend their money on electric vehicles, the federal government offers a $7,500 rebate on the purchase price. <\/b><\/p>\n

\"\"<\/a><\/p>\n

But wait! There\u2019s more!!<\/p>\n

Some states enhance that rebate with rebates of their own. In California, for instance, purchasers of electric vehicles get a state-funded rebate of $2,500 more. <\/b><\/p>\n

\"\"<\/a><\/p>\n

There\u2019s a phrase for that \u2013 it\u2019s called \u201ccrony capitalism.\u201d And it stinks.<\/b><\/p>\n

\"\"<\/a><\/p>\n

Crony capitalism relies on government picking winners and losers. It depends on government choosing to move resources to a favored enterprise, even as it refuses to move resources to disfavored enterprises. <\/b><\/p>\n

We\u2019ve had this problem, off and on since the founding of the country. It really took off under the Roosevelt Administration, (Franklin, not Teddy), and came to a head under Obama. Who can forget thos great picks like Solyndra? Well, the Proglodytes in Congress who pushed their subsidies would of course.<\/p>\n

Here\u2019s the question I hear when I\u2019m talking to friends in Georgia who ask me to explain Washington to them: \u201cWhy should those guys in Washington take my hard-earned tax dollars and use them to lower the price of an electric car for some movie star in Hollywood?\u201d <\/b><\/p>\n

There are several reasons of course. First, you\u2019re to stupid to be allowed to do anything for yourself, You must allow your betters to run your life for you. Second, only the over-educated elites in Washington D.C. know how businesses should be run. They have many years of classroom experience and tons to theory on how businesses should be run. Third, Hey! It\u2019s Hollywood!!<\/p>\n

I hope Elon Musk sells enough of those cars that he can make a profit on his own, without needing to dip any further into our pocketbooks and wallets. Maybe then we could actually get a tax cut, and get some of our money back, so we can make our own choices about how best to spend them, rather than letting bureaucrats and politicians in Washington make those decisions for us. President Trump, are you listening? <\/b><\/p>\n

I\u2019m sure he is, but the problem is the swamp dwellers in all the agencies. Musk has his hooks into all of them and he\u2019s raking in the cash. The Democrats would love nothing more then to shovel even more money into Musk\u2019s checking account. He, no doubt, will reciprocate with massive campaign donations, primarily to the Democrats, but I don\u2019t doubt he\u2019ll send a few bills to any in the GOP(e) who will help him. Hopefully, President Trump will see this commentary and look into pulling the plug on Musk.<\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/b><\/i><\/p>\n

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Good day all Most of you may have heard the name Elon Musk over the years. He owns the Tesla electric car company, which produces expensive, mediocre, battery powered cars that rich, spoiled, politically correct moonbats like to buy.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[176,100,71,8,315,57,219],"tags":[200,127,222,377,90,18,21,64,57],"class_list":["post-24718","post","type-post","status-publish","format-standard","hentry","category-economy","category-moonbat","category-news-of-the-day","category-politics","category-precious-snowflakes","category-technology","category-the-good-idea-fairy","tag-cronyism","tag-fascism","tag-good-idea-fairy","tag-maga","tag-moonbattery","tag-obama","tag-scams","tag-taxes","tag-technology"],"views":890,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":36667,"url":"https:\/\/angry.net\/blog2\/?p=36667","url_meta":{"origin":24718,"position":0},"title":"Maladministration terrified of Elon Musk","author":"Angry Webmaster","date":"February 28, 2022","format":false,"excerpt":"Good day all. Elon Musk has made multi-tons of money from things like the Tesla and other products. He is also one of the greatest innovators we\u2019ve seen in a while. He is also no shrinking violet when it comes to speaking his mind, especially when it comes to Joe\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/87\/bf\/59\/87bf59a6aaeba5c84a2c1e4aa523ee2f.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":40360,"url":"https:\/\/angry.net\/blog2\/?p=40360","url_meta":{"origin":24718,"position":1},"title":"Elon Musk announces he has hired a new CEO for Twitter","author":"Angry Webmaster","date":"May 12, 2023","format":false,"excerpt":"Good day all. News has come out that Elon Musk has finally hired a permanent CEO for Twitter. All we know is that the new CEO is female. There has been a lot of speculation on who he has selected. 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This set off all the Progressive Liberal Propagandists for the Democrat Party embedded at the ComPost.\u2026","rel":"","context":"In "Jobs"","block_context":{"text":"Jobs","link":"https:\/\/angry.net\/blog2\/?cat=141"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/736x\/1a\/6d\/72\/1a6d72cee873605d05a48e65397a0c97.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":26599,"url":"https:\/\/angry.net\/blog2\/?p=26599","url_meta":{"origin":24718,"position":3},"title":"Elon Musk, Moron","author":"Angry Webmaster","date":"July 18, 2018","format":false,"excerpt":"Good day all. Elon Musk is an entrepreneur with one heck of a Public Relations department. He came up with the Tesla and has convinced millions that electric cars are the future. He\u2019s also pushing to go to Mars and has many other endeavors. Most of his ideas aren\u2019t really\u2026","rel":"","context":"In "Just Desserts"","block_context":{"text":"Just Desserts","link":"https:\/\/angry.net\/blog2\/?cat=135"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2015\/10\/danger-science-300x288.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30870,"url":"https:\/\/angry.net\/blog2\/?p=30870","url_meta":{"origin":24718,"position":4},"title":"The Great Panicdemic of 2020: Elon Musk vs Kalifornistan","author":"Angry Webmaster","date":"May 12, 2020","format":false,"excerpt":"Good day all. With Kalifornistan\u2019s Party Secretary, Gavin Newsom and other members of the Supreme Soviet continuing to murder the state economy, many people have said \u201cENOUGH!!\u201d One of these was Elon Musk, the founder of Tesla Motors. Now I have almost no respect for Elon Musk, I consider him\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2011\/10\/DaffyScrewball.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":38649,"url":"https:\/\/angry.net\/blog2\/?p=38649","url_meta":{"origin":24718,"position":5},"title":"Liberals in full panic mode. Elon Musk says \u201cFine, I\u2019ll buy Twitter\u201d","author":"Angry Webmaster","date":"October 5, 2022","format":false,"excerpt":"Good day all. The on again, off again sale of Twitter to Elon Musk appears to be on again, and the usual suspects on the left are once again melting down, tearing their hair out, gouging their eyes and proclaiming that the End of Days is upon us. Elon Musk\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/04\/original.gif?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24718"}],"version-history":[{"count":2,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24718\/revisions"}],"predecessor-version":[{"id":24721,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24718\/revisions\/24721"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}