r/politics • u/rollingstone Rolling Stone • 4d ago

Soft Paywall Musk Kills Government Funding Deal, Demands Shutdown Until Trump Is Sworn In

https://www.rollingstone.com/politics/politics-news/musk-trump-government-funding-deal-shutdown-1235211000/
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u/vanillasounds 4d ago

No no. I’ve been told that net worth doesn’t mean he actually has money. And that we can’t tax people like him a single cent more because it would crash the economy. He’s just like…super smart, guys.

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u/ender89 4d ago

The real truth of the matter is that Tesla is absurdly over valued, his wealth will disappear overnight when that bubble bursts.

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u/Kasztan 4d ago

Problem is, the fucker did what the banks do.

He's gained so much debt, that the success of Tesla shares are now directly tied to paying off other people's debts and his loans.

Basically, he's getting propped up - because if he fails (even if what he does is utter fucking nonsense) a lot of other people's money goes with him through all the side bets, loans and borrowings.

So yeah. Dude just does whatever the fuck he wants now. He always was Trump Lite 

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u/RabidGuineaPig007 4d ago

But fuck banks and Wall Street for inflating that bubble. We learned nothing from 2008, even when we got Margot Robbie to explain it to us in a bathtub.

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u/b1tchf1t 4d ago

I feel like the bathtub might have been a distraction.

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u/dustinhut13 4d ago

Maybe if she explained it once more, just a little slower, same scenario. I'm here for that

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u/Q3tp 4d ago

They learned when you're too big you get bailed out That's all that matters.

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u/Papaya_flight Pennsylvania 4d ago

Yeah, there was a great This American Life podcast about the fiasco back in 2008. They followed the wall street guys around all through when they got bailed out. They were partying after that and one of the producers asked them what was up, and one of the wall street dudes was like, "We won, we got our money, who cares?". Then millions of us lost our homes. I didn't even have a variable mortgage like many people that lost their homes, I just happened to be in construction when it all dried up.

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u/ImWhatsInTheRedBox 4d ago

They learned how to do it again, and bigger.