Skip to content
Search AI Powered

Latest Stories

Dem Rep. Perfectly Shames Elon Musk After He Says Government 'Has a Monopoly on Violence'

Dem Rep. Perfectly Shames Elon Musk After He Says Government 'Has a Monopoly on Violence'
Tom Williams/CQ Roll Call // Wall Street Journal

Billionaire Tesla Motors and SpaceX CEO Elon Musk, the richest man in the world, usually makes headlines these days for trolling Twitter followers and opposing expanded taxes for the wealthy, especially in regards to a revitalized capital gains tax in which investments are taxed as they accrue wealth instead of when they are sold.

The latter is what Musk discussed in recent comments to the Wall Street Journal, where he painted increased taxes for wealthy corporations as "capital allocation" imposed by the state, rather than the corporations themselves.


Watch below.

Comparing the government to a corporation, Musk said:

"It does not make sense to take the job of capital allocation away from people with a demonstrated great skill in capital allocation and give it to an entity that has demonstrated very poor skill in capital allocation. Think of the government essentially as a corporation in the limit. The government is simply the biggest corporation, with a monopoly on violence and where you have no recourse."

While libertarians and conservatives hailed Musk's comments on social media, his sentiment got sharp pushback from Democrats, including from Democratic Congressman Ruben Gallego of Arizona.

Gallego noted the entwinement of Musk's SpaceX with the U.S. defense budget, while laying bare Musk's true motive.

Gallego is right.

For years, Musk's enterprises have relied on government subsidies. As far back as 2015, his empire had collected nearly $5 billion in government subsidies. His companies have been awarded hundreds of millions in Pentagon contracts, including a $160 million contract earlier this year. As recently as April, SpaceX was also awarded a $2.9 billion contract from NASA.

People agreed with Gallego's indictment of Musk's greed.



But the Congressman was far from the only one to call out the multibillionaire.






Musk, whose net worth is nearly $300 billion, paid $70 thousand in income tax between 2015 and 2017 and zero in 2018.

More from People/elon-musk

Screenshot of Stephen Colbert
CBS

Stephen Colbert Makes Somber Plea To Americans In Wake Of Charlie Kirk's Death

Late-night host Stephen Colbert had a somber message for Americans as he addressed the assassination of far-right activist Charlie Kirk, stressing that "political violence only leads to more political violence."

Kirk died after an unidentified gunman shot him in the neck as he—ironically enough—mocked victims of gun violence at an event in Utah Valley State University. Kirk's murder has galvanized the far-right, with President Donald Trump and his surrogates claiming without evidence that rhetoric from Democrats is responsible for Kirk's death.

Keep ReadingShow less
a woman sunbathing on rocks.
a person sitting on a towel on a beach
Photo by Annie Spratt on Unsplash

People Share The Weirdest Flexes They Heard Someone Say With A Straight Face

It is never attractive to gloat.

Even so, some people can't help but brag, or "flex" as it is sometimes known, about certain accomplishments or attributes.

Keep ReadingShow less
Screenshots from @thedowntheredoc's TikTok video
@thedowntheredoc/TikTok

TikToker Hilariously Calls Out Target After Champion Pants Feature Awkwardly-Placed Front Pleat

Sometimes you can just tell when something was designed *for* women, but was not actually designed *by* women.

Take, for instance, the new pleated pants available at Target from the Champion clothing line. While there's nothing wrong with pleated pants and they certainly have a suitable spot in the workplace, the latest rendition of Champion pleated pants are, shall we say, NSFW.

Keep ReadingShow less
Screenshots from @kaicutch's Instagram video
@kaicutch/Instagram

Woman Flips Her Car After Belting Out Ironic Britney Spears Lyric In Wild Viral Video

Whether we want to admit it or not, we've all had our fair share of carpool karaoke and maybe even imagined our car as our own personal recording studio.

But TikToker and Instagrammer Kaitlynn McCutcheon may have gotten too into her performance of Britney Spears' classic, "Hit Me Baby, One More Time," when the road and her car both said, "Bet."

Keep ReadingShow less
Screenshots from ​@lynnshazeen's TikTok video
@lynnshazeen/TikTok

Woman Goes Viral After Revealing How Her Obsession With Matcha Landed Her In The Hospital

Let's be honest: Too much of anything isn't good for us. It's all about the balance!

But the media and social media trends have taught us that certain things are really good for us, encouraging us to be like the "very mindful and very demure" girls and take care of ourselves. One such example is drinking more matcha, especially if you really like coffee or think you have a caffeine addiction.

Keep ReadingShow less