The Matt Walsh Show - Ep. 1796 - What Elon's Trillionaire Status Reveals About The Left's War On Success

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00:00:57.740 As you probably know, if you've watched the show lately, I've been critical of the planning for the America 250 events.

00:01:04.120 There have been several reasons to be disappointed and skeptical, which we've gone into at some length.

00:01:08.840 But if you watched the programming on the White House lawn and the ellipse last night, credit where it's due, you saw something very important.

00:01:16.740 You witnessed a scene that was Roman in nature, and not just because gladiators from all over the world were fighting in an arena, having been invited to the capital of the world's only superpower with the emperor in attendance on his birthday.

00:01:29.980 This was an ornate and well-choreographed display of national unity and vitality, unlike something, anything that we've seen at the White House in previous administrations, and it's not really even close.

00:01:44.380 The optics were incredible from beginning to end.

00:01:47.640 80,000 people gathered on the ellipse to watch the fights and the rest of the show. 1.00

00:01:53.380 There were precisely zero unhappy lesbian harpies in sight. 0.83

00:01:56.940 The cameras repeatedly cut to members of the military whose morale was apparently clearly high. 0.85

00:02:02.980 Every few minutes, chants of USA broke out.

00:02:05.380 The president and the first lady were sitting in the front row where they interacted with all of the fighters or at least all the winners.

00:02:11.400 and here's what they saw.

00:02:14.260 Watch.

00:02:38.560 And lastly,

00:02:40.180 Really? Michelle Obama is a man. Am I right, America?

00:02:49.580 The night ended with a very close and brutal main event in which the American fighter rallied and

00:02:55.140 pulled off an upset after completely destroying the face of the other fighter, whose name I really

00:03:02.080 can't recall, but it doesn't matter. There's the before and after in case you needed the visual.

00:03:06.320 At one point, a doctor tried to end the fight on camera, but he was rebuffed or maybe convinced

00:03:11.880 otherwise. So as you can probably tell, even if you didn't see it live, this was a genuinely

00:03:16.940 entertaining and well-produced event in every respect. And it was quite a contrast from the

00:03:22.380 White House in June of 2023 and 24 when the Biden administration hosted a public celebration

00:03:27.840 of degeneracy to mark Pride Month, which is, of course, a now defunct ritual that was popular

00:03:33.320 among Satanists and narcissists. It was the exact opposite of the UFC event. It was a mockery

00:03:39.020 of masculinity in every respect. We'll put some of those images from 2023 on the screen to the

00:03:44.800 extent that we can anyway. This was the grotesque display on the White House lawn just three years

00:03:53.120 ago. The Biden White House invited trans activists onto the front lawn to flash everybody in

00:03:58.740 attendants, including children. They displayed a demonic flag and worshipped various deviant 0.95

00:04:04.660 sexual practices. There was no reverence for America at all, because these people hate America. 0.97

00:04:11.780 You could not imagine a more profound contrast and transformation. Somebody pointed out,

00:04:19.440 when you compare these images from 2023 to the scene outside the White House yesterday,

00:04:23.540 it looks like we won a major war of some kind. It's like we overthrew an occupying force that

00:04:29.220 was intent on indoctrinating us and undermining our will to live and subjecting our children to

00:04:35.980 horrific displays of sexual perversion. I mean, no matter what issues you may have with this

00:04:40.880 administration, this is an unequivocal victory for civilization. Those freaks are gone. They're

00:04:46.320 in full retreat. Nobody cares about their dumb gay pride month anymore. Not even the corporations. 1.00

00:04:53.540 This is our government now and our culture.

00:04:57.880 I'm not going to play the dozens of clips of leftists complaining about the UFC event, nor will I read any of their social media posts.

00:05:04.160 You can imagine they're howling. It's undignified, hysterical, barely literate.

00:05:09.540 As per usual, a waste of time to even talk about.

00:05:12.800 Instead, I'm going to read this insightful post from an anonymous account on X.

00:05:16.880 Perfect summary of why the left cannot tolerate what just took place.

00:05:21.820 It says, quote,

00:05:22.820 The left mythologizes the White House and Congress as sacred places, not as holy sites for civil religion,

00:05:29.580 but so they can debase the whole nation with sorkinite piety and sternness.

00:05:34.340 To turn into a place of delight and popular spectacle, strips away the myth of coldness leftists have used for so long as a vehicle for cruel communism,

00:05:43.580 and reminds the American people that this house belongs to them.

00:05:47.120 now this gets at the heart of the left's outrage over the event last night they worship the various

00:05:52.700 inanimate organs of the state which is a spiritual sickness in lieu of churches they have these

00:05:59.360 monuments and government office buildings in lieu of god they have bureaucracy

00:06:04.340 the more soul-sucking the better that's how they see the role of government their greatest fear is

00:06:10.580 that millions of americans will come to see the role of government as something else entirely as

00:06:14.460 an institution that exists to reflect the will of the people, which is what it's meant to be.

00:06:20.060 The government should not be an object of worship. Instead, it should facilitate

00:06:24.080 the flourishing of the country. That's its only job. They're seething with rage right now because

00:06:31.040 instead of honoring degenerates and sexual deviance, and instead of demoralizing everybody

00:06:35.320 who comes in contact with them, it's now very apparent that these government institutions

00:06:40.060 can serve a different purpose. They can reflect the mindset of builders, of people who want to

00:06:46.040 create something extraordinary rather than funnel even more money to corrupt left-wing NGOs and

00:06:52.000 various perverted organizations. They can reflect American patriotism and a belief that our best

00:06:59.500 250 years are ahead of us. Now, last night and the past week really in the wake of the SpaceX IPO

00:07:06.440 has plainly exposed the difference in this country between people who build on the one hand

00:07:12.460 and people who complain and leech and accomplish nothing whatsoever on the other. Now, of course,

00:07:19.760 along with every other civilization throughout history, we've always had builders and leeches.

00:07:24.140 What's changed is that the most resentful and least productive people in the United States

00:07:28.320 are no longer ashamed of their life choices. They no longer have any self-awareness. They no longer

00:07:34.080 feel any degree of personal responsibility. They certainly don't feel compelled to stay quiet and

00:07:40.740 focus on improving their own lives before they weigh in on national politics. Instead, the most

00:07:47.120 resentful and least productive people in America now have the backing of a major political party

00:07:53.180 which encourages them to be as miserable as possible all the time. And in particular, they're

00:07:59.040 told to rebel against the builders and seize their property out of spite. And that would

00:08:05.800 obviously lead to an economic collapse, which is the entire point. Democrats understand that

00:08:11.060 as long as most Americans are poor and bitter, they'll be more reliant on the government and

00:08:15.760 therefore much easier to control. No functioning society can survive if these people gain any

00:08:21.280 degree of political power. History and common sense makes that very clear, but they're going

00:08:26.000 to try anyway. And their first target, without a doubt, will be Elon Musk. So if Democrats retake

00:08:33.800 the federal government, their mission will be to destroy the world's now first trillionaire.

00:08:40.820 They're not remotely proud of the fact that the world's first trillionaire is an American.

00:08:45.520 They're furious about it. And therefore, they will attempt to do to Elon exactly what they did

00:08:50.740 to Donald Trump, throw him in prison and failing that, attempt to assassinate him. This is an

00:08:56.100 entire political movement that's premised on jealousy, disdain for the United States,

00:09:01.780 and a fundamental misunderstanding of how the economy works. People who have never built

00:09:07.900 anything in their lives, who have never contributed anything to our economy,

00:09:11.880 have never employed anyone, have never done anything remarkable in any way,

00:09:16.460 and who are incapable of experiencing joy, even at the sight of a UFC fighter

00:09:20.480 declaring that Michelle Obama is a man, which was great.

00:09:24.220 They're the ones insisting that they have the right to confiscate Elon Musk's wealth

00:09:28.600 and to ensure that no one can ever be as wealthy as he is ever again.

00:09:33.400 And this is not an overstatement.

00:09:35.040 In the wake of the SpaceX IPO, they're coming right out and saying it.

00:09:38.340 This is a post from Graham Plattner, the guy with the Nazi tattoo,

00:09:41.120 and who's also a welfare queen, who's now the Democrat Senate nominee in Maine.

00:09:47.400 Someone who's supposedly 100% disabled and receiving full VA benefits, but somehow he can run for Senate.

00:09:53.120 And he's someone the whole party has rallied around.

00:09:56.180 And here's what he wrote, quote, Elon Musk just became the world's first trillionaire.

00:10:01.820 Let's make sure he's also the last.

00:10:04.000 now put another way the explicit position of the democrat party is that the government

00:10:12.360 must limit the amount of wealth that any one person can hold if somebody exceeds a certain

00:10:19.760 threshold then the government can shut them down and think about that statement let's you know he

00:10:25.880 could have said he's a world's first trillionaire let's make sure there are many more let's make

00:10:31.360 sure many more Americans become trillionaires. He could have said that, but instead his instinct is

00:10:36.960 he's the world's first trillionaire. Let's have none ever again. This guy has succeeded to this

00:10:42.500 level. Let's make sure no one else succeeds that way ever again. One of the many problems here is

00:10:50.440 that at the moment, the U.S. government is in debt to the tune of about $40 trillion, give or take.

00:10:55.880 the debt grows by trillions every year, which is unsustainable, and no amount of taxation or

00:11:03.220 wealth seizure will solve the problem. If we forced every billionaire in the United States

00:11:08.780 to liquidate all of their assets and all their stocks overnight at gunpoint, which of course

00:11:14.160 would crash the stock market, cause another Great Depression, destroy all future investment in the

00:11:18.300 country, just destroy the country economically in every way. But even then, we'd still have

00:11:26.020 more than $30 trillion of debt. So that's a completely false nonsense solution.

00:11:34.320 Now, on the alternative, we could end the Ponzi scheme, that is Social Security. We could

00:11:39.320 privatize it. We could slash Medicaid. Both of those options would bring the debt down. But as

00:11:44.400 George Bush found out from a practical perspective, none of that will ever happen. People would

00:11:50.220 revolt. So that's not a realistic option either. And therefore, there's only one realistic solution

00:11:56.460 to our problem. We can generate more money, a lot more money, through private industry.

00:12:01.780 We could allow innovators like Elon to do what they plan to do, which is to build corporations

00:12:06.640 like SpaceX and Tesla into massive $25 trillion companies. Now, if guys like Musk accomplish that

00:12:13.800 goal, which is going to be very difficult, that we won't have to worry anymore about the national

00:12:18.860 debt. We'll be the wealthiest country in the world by far. Tax revenues will be astronomical.

00:12:23.380 We wouldn't have to worry about the national debt ever again. By shutting down Elon Musk and every

00:12:28.780 other potential trillionaire, Democrats would prevent that outcome from ever taking place.

00:12:34.340 They would set a ceiling on our standard of living, which has been steadily declining over

00:12:38.820 the past few years anyway, as you probably noticed, and they would do all of it for what?

00:12:45.180 So the government can waste more of your money on bridges that don't go anywhere, on high-speed

00:12:49.860 railways that don't actually work? So the government can fund more fraudulent Somali 1.00

00:12:55.360 daycares and autism treatment centers, quote-unquote? So the feds can fund more useless 0.99

00:13:01.680 non-profits? Imagine thinking the federal government can spend Elon Musk's money better

00:13:08.980 than he can. I mean, this is derangement on an almost unbelievable scale. And they think they

00:13:16.040 can get away with this argument because in their view, most people don't understand how the stock

00:13:21.040 market works or how private industry works. But they're wrong. I mean, one of the biggest stories

00:13:26.180 to come out of the SpaceX IPO is that everyday employees of SpaceX,

00:13:30.540 the line cooks in the cafeteria, the engineers, the mechanics,

00:13:34.020 are now millionaires, and everybody can see it.

00:13:38.660 You know, this is what all the fake populists in the Democrat Party

00:13:41.300 are lining up to condemn.

00:13:43.540 Watch.

00:13:44.580 From top C-suite executives to welders like Juan Hernandez,

00:13:48.780 many SpaceX workers are expected to become instant millionaires,

00:13:52.660 with SpaceX publicly trading on the NASDAQ.

00:13:55.800 How did you end up with a job at SpaceX?

00:13:58.600 A friend that I met at another job ended up in SpaceX, and then he called me.

00:14:03.740 I told him, I don't even know what SpaceX is, but let's go, you know?

00:14:08.100 Hernandez says he worked there for 10 years, rising to supervisor, still holding 6,500 shares of SpaceX.

00:14:16.160 How much money do you stand to make in this IPO?

00:14:19.040 At opening, it's going to be like around, I mean, $880,000.

00:14:23.260 $880,000?

00:14:24.840 Yes.

00:14:25.260 As an immigrant, you know, I was always taught just to work hard, do the best I can at what I do.

00:14:31.840 And thanks to a space like you see the light at the end of the tunnel.

00:14:34.400 Do you feel like you've achieved the American dream?

00:14:37.060 Yeah.

00:14:37.540 I mean, but there's no reason to stop.

00:14:39.460 And Juan Hernandez, the welder we met, he says he's teaching his 16-year-old daughter how to invest out of this.

00:14:45.440 And he now works at a different rocket company, Blue Origin.

00:14:48.800 And you better believe when he went over there as a supervisor, he said, don't just pay me a salary.

00:14:55.060 What's the stock plan?

00:14:56.360 Which is a real life changing lesson as well.

00:14:59.860 This is something that something that most people don't talk to their children about at any point in their lives.

00:15:05.640 And schools certainly don't teach it.

00:15:07.280 But the SpaceX IPO has brought this very important lesson to everybody's attention.

00:15:12.460 The U.S. stock market is the single most democratic and effective tool of wealth creation.

00:15:18.800 anywhere in the world. Mike Cernovich makes this point a lot. And it's important to underscore it,

00:15:23.740 especially if you start early enough, you can become wealthy by the time you retire simply by

00:15:28.440 setting aside a small amount of money every month. If somebody starts working at 25 years old,

00:15:34.260 earning a salary of 60 grand a year, they put just 10% of their paycheck away in a Vanguard

00:15:39.500 total stock market fund every month. That's around $6,000 per year. Then they're very likely to

00:15:45.020 retire with more than a million dollars at the age of 65 accounting for inflation. They'll have

00:15:50.660 more than $750,000 in passive investment growth over the course of their career. Now, is that

00:15:57.540 money guaranteed? Of course it's not. If Democrats succeed in preventing anyone from making a trillion

00:16:03.080 dollars ever again, then the market won't grow and everybody will be dependent on the government

00:16:07.940 in retirement, which is exactly what the Democrats want. Now, in response, you'll hear some people

00:16:14.120 claim that the market is rigged or that SpaceX is a fake company because it's not profitable yet.

00:16:20.280 They'll say that Elon's companies are basically giant scams and he's only rich because he's

00:16:25.520 deceiving investors and the public. Well, guess what? If that's true, you could become extremely

00:16:31.020 wealthy by betting against SpaceX and Tesla or any other publicly traded company. You can

00:16:36.680 go online to any brokerage and you can short SpaceX and Tesla. If those companies go bankrupt

00:16:43.300 up within a reasonable timeframe, you could turn a relatively small investment, say a few thousand

00:16:48.660 bucks into millions. You could put your money where your mouth is. So why aren't any of Elon's

00:16:54.680 many enemies doing that? You can scour any of the hit pieces on Elon that have been written in the

00:17:00.340 past week, and you won't find an answer to that question. But you will find extraordinary headlines

00:17:06.160 like this one. This has to be one of the saddest and most pathetic headlines I've ever seen. So 0.99

00:17:10.880 appropriately enough, it comes from Canada, specifically the Globe and Mail.

00:17:17.120 Quote, SpaceX IPO makes Elon Musk the first trillionaire. Here's how to properly hate him.

00:17:25.560 Yes, here's how to properly hate him. This is how they're responding in Canada to the news that a

00:17:32.060 single American is worth more than their entire country. And this is why Canada has been stagnant

00:17:38.240 for so long. That's why their economy isn't growing. They prefer to just pathetically stew

00:17:43.780 in their own resentment rather than create the economic conditions that grow the country's

00:17:49.660 wealth. I mean, they could respond to this by saying, hey, let's make Canada more successful.

00:17:54.180 Instead, they just sit there stewing, you know, here's writing how-to manuals for how to hate

00:18:00.740 trillionaires. And ironically enough, this headline, the How to Hate Elon Musk, was printed

00:18:06.900 in a newspaper that's owned by David Thompson, who's a billionaire who inherited all of his

00:18:12.780 money. But presumably, we're not supposed to hate the billionaires like David Thompson,

00:18:16.960 who did nothing to earn their money. We're only supposed to hate the trillionaires who are

00:18:21.200 building cars that people want to buy and reusable rockets that go to Mars and brain chips that

00:18:26.860 enable paralyzed people to control computers with their minds. Stuff like that. A few hours

00:18:32.340 after publication, the Global Mail realized that they had made the mistake of saying the quiet

00:18:37.980 part out loud. So they updated their headline as follows, quote, SpaceX is set to make Elon Musk

00:18:45.020 the first trillionaire. Is that a bad look for capitalism? Now, this particular headline doesn't

00:18:51.700 even make sense, but presumably they were panicked when they wrote it. I went ahead and clicked on

00:18:57.720 the article only to discover that it was paywalled, shockingly enough. So it's a classic

00:19:02.840 rage bait tactic, which is one of the many reasons why nobody cares about the corporate

00:19:06.480 press anymore. And this is what they're reduced to. But, you know, someone sent me the text

00:19:11.260 of the article anyway. Here's the relevant part. And here's explaining why we should hate

00:19:16.640 Elon Musk. Quote, by donating at least $250 million to the Trump campaign in 2024, this

00:19:23.220 private citizen positioned himself to kill a congressional budget deal more or less

00:19:28.000 single-handedly, and then to create a bogus federal agency, the Department of Government

00:19:32.200 Efficiency. He staffed it with college-age techno-brats who, among other things, effectively

00:19:37.180 dismantled the U.S. Agency for International Development, which millions of people depended

00:19:41.600 upon for life-critical assistance. According to one study, this reckless exercise in government

00:19:47.440 by frat boy, cost at least 762,000 lives by November 2025. Then there's Mr. Musk's hypocrisy,

00:19:56.200 which feeds popular resentment of capitalists who pretend to be pro-market, but are in fact

00:20:00.900 pro-business. Mr. Musk disparages big government while gorging on at least $38 billion in government

00:20:06.760 contracts, loans, subsidies, and tax credits, often at critical moments, helping seed the growth that

00:20:12.060 has made him the world's richest person. So this first claim, by the way, is just totally made up.

00:20:20.660 There's no evidence anywhere that Doge cost at least 762,000 lives. Obviously, this number was

00:20:29.440 invented by a rabidly left-wing woman named Brooke Nichols, who works in the widely discredited field 1.00

00:20:35.340 of public health at Boston University. And this entire field should have been disbanded the moment 1.00

00:20:41.740 and 1,000 so-called public health experts signed a letter during COVID saying we could

00:20:45.500 protest against white supremacy and the police, but it wasn't safe to protest against lockdowns.

00:20:50.940 In the case of Brooke Nichols, if you go on her social media feeds, you'll find all kinds of

00:20:54.700 insane anti-Trump, anti-Musk rhetoric. And if you look at her statistical model about Doge-related

00:21:00.340 fatalities, you'll find that she doesn't actually have a legitimate model, not surprisingly. She

00:21:06.880 just takes the number of third-worlders who are supposedly benefiting from these foreign aid

00:21:11.000 programs and assumes that they all died because the funding was cut. She's not actually tracking

00:21:18.340 fatalities in any way. Of course, one way or the other, the United States government is not

00:21:24.000 responsible for keeping people alive in Sudan or Yemen or Somalia or anywhere else. But even on

00:21:30.480 its own terms, the number is simply fabricated. The second reason we should hate Elon Musk is

00:21:37.160 that his companies receive government contracts and, quote, subsidies at key moments. This is the

00:21:42.740 same line that other Canadian media outlets tried to push. Here's the headline from CTV, for example,

00:21:48.140 quote, how much of Musk's wealth comes from government help? Virtually all of it. And if

00:21:54.300 you read their article, here's what you'll discover. Quote, SpaceX's first major windfall

00:21:58.740 was a $278 million grant from NASA in 2006 to develop the Falcon rocket system and Dragon space

00:22:06.700 capsule. The space shuttle program was ending and the U.S. needed a new way to get astronauts and

00:22:11.120 cargo to the International Space Station. That was about half of their capital that they raised at

00:22:15.160 that point. Casey Dreyer, chief of space policy at Planetary Society, public interest group

00:22:20.460 advocating spaceflight, said ahead of the SpaceX IPO. This was a substantial commitment that NASA

00:22:27.060 provided. Now notice what's being conflated here. Elon Musk didn't get a handout from NASA. His

00:22:35.820 company received money in exchange for providing an extremely valuable and highly specialized

00:22:41.300 service for NASA, specifically developing the Falcon rocket system and the Dragon space capsule.

00:22:48.680 And that's not a small thing. NASA needed SpaceX to develop the space capsule and the rocket

00:22:54.580 system so that the U.S. government could send astronauts and cargo to the International Space

00:23:01.200 station. In fact, SpaceX has used the technology to rescue several NASA astronauts who were

00:23:06.440 stranded in space after a Boeing space capsule malfunctioned. So this is an extremely disingenuous

00:23:13.840 line of attack. To say that receiving money from the government to build rockets is essentially

00:23:22.340 the same as a handout, like drawing a comparison between someone who just gets like EBT so they

00:23:27.840 can buy Doritos from Walmart. Getting EBT to buy Doritos from Walmart is the same as getting paid

00:23:34.760 by the government to build a rocket ship. That's basically what they're arguing.

00:23:41.160 And by the way, if you think it's so easy, oh, this guy got billions of dollars to build a

00:23:45.540 rocket ship. He had it handed to him on a silver platter. Okay, well, you go build a rocket ship.

00:23:50.740 If you can go build a rocket ship, you could probably get billions of dollars too. So if

00:23:54.220 it's that easy go do it if it's that easy go start your own spacex i mean if it's that easy

00:23:59.080 go get some handouts and and you know go ahead

00:24:03.220 now what musk opposes and what any reasonable person opposes is spending taxpayer money on 0.80

00:24:11.080 foreign countries and fraudulent non-profits and somali daycares and so on he's opposed to

00:24:17.500 wasting money but the government's deal with spacex was not wasteful at all he performed a

00:24:23.240 vital service. He earned the money. He was building rocket ships. Young men feel directionless. And

00:24:30.220 one of the best answers to that problem is building something real. Start a business,

00:24:33.640 learn a trade, create something new and useful. Take ownership over your own life instead of

00:24:38.580 waiting around for permission from some corporation or government agency. The problem is that actually

00:24:42.560 building a business is hard enough already. Then you run into the banking system. A lot of small

00:24:47.020 business owners are profitable. They're growing and doing everything right. But big banks still

00:24:51.600 bury them in paperwork and drag the process out for weeks or months just to access capital

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00:25:22.240 business owners can actually focus on growing their company,

00:25:25.320 hiring people, expanding operations,

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00:25:29.200 Banks try to lock out small businesses.

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00:25:49.340 In today's uncertain economy, American financing is helping families find a way out of the high

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00:26:46.600 There's a similar attack in this article that concerns Tesla.

00:26:50.740 Here it is, quote,

00:26:51.820 In January 2010, Tesla had sold less than 2,000 cars in its entire history,

00:26:56.480 virtually all of them electric oddballs based on the sports cars from Lotus,

00:27:01.240 a relatively obscure British company.

00:27:03.040 Then Tesla received a U.S. $465 million low-interest loan from the Department of Energy

00:27:09.680 months before its initial public offering.

00:27:12.300 With the loan, the company developed the Tesla Model S sedan,

00:27:15.340 its first major success, Tesla paid back the loan early through proceeds from an additional

00:27:20.920 sale of stock in 2013. Okay, so they received a loan from the government in order to launch the

00:27:28.220 most popular electric vehicle company on the planet with an interest rate attached to it.

00:27:33.860 And then Tesla paid off the loan with interest in less than three years.

00:27:39.280 okay what's the problem again this this this arrangement bears no resemblance to the kind

00:27:46.040 of government contracts that musk terminated when he was running doge those government contracts

00:27:52.760 were completely useless we never saw a dime of our money back and indeed that was the whole point

00:27:58.460 the government was redirecting taxpayer money to non-profits aligned with the democrat party was

00:28:04.960 a corrupt political machine, and Democrats are furious that Elon Musk dismantled it.

00:28:11.180 One of those furious Democrats is Elizabeth Warren, who posted the following message

00:28:15.020 on social media, quote, Elon Musk just became the world's first trillionaire. The typical

00:28:20.600 American household would have to work more than 11 million years to make Elon Musk's level of

00:28:25.720 wealth. We need a wealth tax. Now, that's supposed to sound like a shocking figure, 0.82

00:28:32.540 but it's actually not that shocking. All work is not equally valuable, obviously,

00:28:41.220 and we should have no problem saying that. I could do 11 million years of podcasts and it

00:28:49.600 wouldn't be anywhere near as valuable as what Elon Musk is doing by building rockets and

00:28:54.520 everything else. Now, obviously, I think that what I do has value, else I wouldn't do it,

00:28:58.920 But at the same time, I'm not building a colony on Mars or creating a self-driving car or allowing ALS patrons to control their computers with their minds.

00:29:11.340 And because I'm not so narcissistic that I'm delusional, I have no problem admitting that.

00:29:16.980 Like, I think it makes sense that Elon Musk has astronomically more money than I do. That makes sense.

00:29:22.760 take his name out of it. If you told me about a guy who's doing all those things

00:29:27.800 and then told me that he's got, you know, a trillion dollars, I would say, okay, that makes

00:29:33.460 sense. That kind of makes sense. Now, hearing this, a lot of Elon's critics will say, well,

00:29:40.240 he hasn't really achieved anything by himself, but actually he has. When Elon sold his share

00:29:45.240 in PayPal, he was worth around $180 million. Almost everybody else in that position would

00:29:50.700 have retired with the money and never worked again, but he invested every penny of it. He put

00:29:55.460 $100 million into SpaceX, $70 million into Tesla, and $10 million into another venture. If he hadn't

00:30:01.720 done that, none of these companies would exist today. So he took on enormous risk at a time when

00:30:07.600 everybody thought SpaceX and Tesla would fail. His $180 million very easily could have gone to zero,

00:30:13.600 and therefore, he deserves the investment growth that resulted from his investment.

00:30:19.400 But because all of all of Musk's attackers lack any semblance of self-awareness or irony, Warren also uploaded this video from the back of her chauffeured limousine.

00:30:30.900 Watch. Elon Musk is officially the world's first trillionaire.

00:30:36.300 Think about that. We're living in a time when more and more people are just hanging on by their fingernails to survive in this economy.

00:30:42.900 and Elon Musk has more money and more wealth than anyone in human history.

00:30:50.500 I want to be clear, this is not just some fluke.

00:30:53.880 It is a feature of a rigged economy.

00:30:57.780 Donald Trump's big, beautiful bill cut health care for millions of Americans

00:31:01.820 to give guys like Elon bigger tax breaks.

00:31:06.320 The tax code rewards CEOs for firing workers and replacing them with AI.

00:31:12.340 Loopholes have allowed Jeff Bezos to pay an effective tax rate lower than a Boston public

00:31:18.340 school teacher. And we are left with a country where a handful of billionaires at the top pop

00:31:24.260 champagne in their $300 million yachts while working people take on even more shifts to try

00:31:31.700 to pay off their student loan debt. The top one percent of U.S. earners now have more wealth

00:31:38.420 than the entire middle class we need to overhaul our tax code we need a wealth tax and it's about

00:31:45.620 time that corporations paid their fair share today's marker should be a wake-up call that 0.98

00:31:53.220 enough is enough time to make change so she's got a driver for her limo she's worth around

00:32:01.620 12 million dollars and she's never had a real job in her life she's never employed anyone she 0.94

00:32:06.020 She lied about being an Indian in order to leech off Harvard's endowment. 0.99

00:32:10.900 Then she started leeching off the taxpayer as a senator, and that's the sum total of Elizabeth Warren's contribution to the world. 1.00

00:32:19.800 So why exactly shouldn't we seize her SUV? 1.00

00:32:23.340 Why shouldn't we repossess her mansion?

00:32:26.780 I mean, if we're doing a wealth tax, why are we only going to target people like Elon Musk? 1.00

00:32:30.840 Communists like Elizabeth Warren have no answer to that question.

00:32:33.480 instead they simply tell us that rich people pay less effective tax than a public school teacher

00:32:40.220 so we need to rewrite the tax code and she cites jeff bezos in particular as an example of a

00:32:45.420 billionaire who pays less effective tax than the school teacher and what she's talking about is

00:32:50.500 the fact that in our tax code ordinary income which is the cash you get with your paycheck

00:32:56.020 is usually taxed at fairly high rates depending on your tax bracket so for an experienced public

00:33:02.460 school teacher, it's normal for more than 30% of your income to go to taxes. On the other hand,

00:33:08.740 billionaires like Jeff Bezos make most of their money by selling stock and stock sales are taxed

00:33:13.720 differently. If Jeff Bezos sells, say, a billion dollars in Amazon stock, then his tax rate will

00:33:19.460 only be around 20% as long as he's held the stock for a year. So in raw terms, the public school

00:33:26.900 teacher might pay only a few thousand dollars in taxes while Jeff Bezos is paying hundreds of

00:33:33.240 millions of dollars. So Jeff Bezos is still paying a lot more, a whole lot more. But to Elizabeth

00:33:42.200 Warren, this is unjust because Bezos' percentage is lower. Now, the funny thing about this example

00:33:48.520 is that Jeff Bezos himself has proposed a solution, one that Elizabeth Warren has simply ignored.

00:33:53.580 So Bezos' proposal is to simply drop all income taxes on the bottom 50% of taxpayers. Watch.

00:34:02.060 So people talk about, you know, making the tax system more progressive. 0.77

00:34:06.340 How about we start by having the nurse in Queens not pay taxes?

00:34:11.640 At all. 1.00

00:34:12.040 At all. 1.00

00:34:13.040 Why is a nurse in Queens who makes $75,000 a year paying more than $1,000 a month in taxes? 1.00

00:34:20.160 that's a thousand dollars a month that could help with rent or groceries or anything and so 1.00

00:34:26.880 and and by the way do you know what that all adds up to the the bottom half of income earners in

00:34:33.760 this country pay only three percent of the taxes it's only three percent we can find three percent

00:34:40.360 so we don't have it's it's it's a small amount of money for the government you know that and

00:34:46.240 But really, the more I thought about it, to me, it's kind of absurd that we're doing this.

00:34:53.020 You know, we shouldn't be asking this nurse in Queens to send money to Washington.

00:34:58.640 They should be sending her an apology. 1.00

00:35:01.900 Now, this is a solution that would solve the problem Elizabeth Warren is talking about, but she doesn't talk about this solution.

00:35:08.700 She's upset about the fact that because investment sales are taxed lower than income, therefore a public school teacher has a higher effective tax rate than a typical billionaire, even though the school teacher pays a whole lot less.

00:35:21.000 But Warren refuses to even entertain the idea of lowering the public school teacher's tax rate to zero.

00:35:28.400 You could do that.

00:35:29.180 I mean, the only option she considers is raising the taxes on the rich even higher than they already are.

00:35:37.060 She's not content with the top 1% paying 40% of the taxes, which is what's happening right now, by the way. 1.00

00:35:43.320 She wants the government to steal even more of their money in the form of a wealth tax, 0.96

00:35:48.200 but she'll never even mention the possibility of dropping taxes on the bottom 50%. 1.00

00:35:54.340 That's a pretty big clue that Elizabeth Warren isn't actually interested in fairness or, you know, making sure people pay their fair share. 1.00

00:36:02.560 she simply sees that rich people have more money and she wants to take it. This is a fundamental 1.00

00:36:09.540 issue on the left. They see wealth as a zero-sum game, where if somebody has a lot of wealth,

00:36:14.240 then other people have to be poor. But that's not actually true. I mean, it's possible to generate

00:36:20.160 more wealth. And that's exactly what the Democrat Party is trying to prevent.

00:36:25.840 That's why every single one of the attacks on Elon is either an outright fabrication or a case

00:36:30.880 of seething resentment or in the case of hassan piker it's both watch there is no greater evidence

00:36:39.140 than the abject failure that is elon musk a failure is a human meritocracy is a lie lying is op and

00:36:46.460 money is fake this story that we are watching unfold in front of us is a great example of all

00:36:51.580 three of those elon musk is a failure and yet in spite of his failures because he he happened to 0.63

00:36:57.920 at the right place at the right time he has failed upwards with his endless wealth he's a horrible

00:37:01.920 person unbelievably insecure person and yet he's the richest person on the planet and we know he

00:37:06.880 doesn't work hard because he tweets all the time now as far as spacex goes hate to admit this but

00:37:12.880 it is probably the most impressive company that elon owns not that he had anything to do with its

00:37:17.680 success personally spacex of course is a government subsidized operation should be kept in the hands

00:37:23.440 of the public but this is the nature of american capitalism basics i feel so perfect right now

00:37:27.880 company without profit sold in a market detached from reality based on fake problems about things

00:37:31.540 it will never do layers upon layers of what's most infuriating about the most trillion is that

00:37:36.080 his enterprise is built almost exclusively on government contracts it's not just that he's

00:37:39.300 expropriating our wealth in an abstract way his fortune is built on the tax dollars we pay that

00:37:43.620 he then obtains through graph the thing is i thought after the twitter purchase that elon musk

00:37:49.420 would no longer be seen in such a positive light. 0.98

00:37:51.860 Because I thought that even the dumbest of Americans 0.98

00:37:54.580 would recognize that this guy wasn't really doing anything at all 1.00

00:37:58.580 and he's simply around being racist on Twitter.

00:38:00.960 But I was wrong because many Americans actually love that, it turns out.

00:38:04.080 Many people all around the world love that.

00:38:06.240 Now, Hassan Piker is very rich and offers no value to society at all.

00:38:12.020 In fact, he offers negative value.

00:38:14.260 And he's informing us that actually the guy who owns a large stake

00:38:18.060 and multiple publicly traded companies he runs, valued by the market at over a trillion dollars

00:38:23.260 each, is a failure. I mean, the level of delusion and narcissism is just impossible

00:38:29.180 to even comprehend. Now, for starters, no, Musk's fortune is not built on the tax dollars we pay.

00:38:37.800 The total amount of money that Musk's companies have received from taxpayers is nowhere near

00:38:42.880 $50 billion, much less a trillion dollars. And again, the overwhelming majority of the

00:38:48.540 taxpayer money Musk's companies received was payment for services rendered. That is not a

00:38:54.320 handout. It's not a grift. He was paid to do something important for the country, and he did

00:39:01.480 it. And by the way, today, the vast majority of SpaceX's money doesn't come from the government

00:39:06.160 at all. Starlink Satellite Internet is their main revenue driver. Now, for comparison,

00:39:13.320 in just the past decade, the state of California has spent more than $30 billion on preventing

00:39:18.480 homelessness, only to make homelessness much worse. They've spent $20 billion on a high-speed

00:39:26.000 rail project to nowhere, which is going to require another $100 billion to become operational,

00:39:31.820 which will never actually happen, as we all know. See, that's what happens when the government

00:39:35.880 steals money. It wastes it. They hire incompetent people with no incentive to do a good job. 0.99

00:39:43.080 And unsurprisingly, they do a horrible job. I mean, anyone who's been to a DMV, which is all

00:39:49.320 of us, understands this. But the Guardian pretends otherwise. Here's their takedown of Elon Musk.

00:39:55.320 Quote, it's hard to wrap your head around how big a billion is, let alone a trillion. So it's

00:40:00.900 worth pausing to really take in just how obscene this sum is. We're talking 12 zeros, one million

00:40:07.680 million dollars. If you spend a million dollars every single day, it would take you more than

00:40:11.420 2,700 years to spend a trillion dollars. Another way of looking at it, if you're worth a trillion

00:40:17.700 dollars, then a million dollars is 0.0001% or one ten thousandth of one percent of your net worth.

00:40:25.580 The median net worth in the U.S. is about $192,700.

00:40:29.580 A million dollars has the same value to a trillionaire as 19 cents has to a median net worth American.

00:40:36.900 To a trillionaire, $100 million feels like $19.27 to the median American, about the cost of a large pizza.

00:40:43.320 The bottom line of it is this.

00:40:45.340 One person has far more resources than any single individual should possess.

00:40:49.780 You can buy an election in the same sort of way that you and I can buy lunch.

00:40:55.060 So according to The Guardian, no single individual should possess a trillion dollars.

00:41:01.560 But they don't say why it's wrong to possess a trillion dollars,

00:41:05.640 nor do they tell us how much money Elon Musk should have, in their opinion.

00:41:10.580 I mean, they're setting these arbitrary limits.

00:41:13.000 Well, you can't have that much.

00:41:16.340 Says who?

00:41:18.220 Where are you getting this from?

00:41:20.160 I mean, they're just making it up.

00:41:21.400 would they be okay if he stopped at 999 billion i mean what amount of money is too too much when

00:41:28.920 you're sitting there coming up with these fantasies no one should be allowed to have

00:41:34.580 more than this amount of money i mean you're like a child you're like a child saying that 1.00

00:41:40.500 but worse i mean my kids are not stupid enough to say something like that 0.98

00:41:44.900 no one should be able to here's an imaginary line of money and no one should make more than it 0.99

00:41:52.020 Says who? Says me.

00:41:54.580 Why? Because it makes me feel bad when someone makes more money than that?

00:42:00.020 While we're at it, how many cars is too many?

00:42:02.620 How many homes is too many?

00:42:05.360 I mean, these are the kinds of questions they asked in the Soviet Union.

00:42:08.240 And, you know, not to spoil the ending, but it doesn't end well.

00:42:14.620 More importantly, Musk doesn't actually possess a trillion dollars.

00:42:18.680 Okay, a lot of people have no clue how any of this works.

00:42:21.400 The value of his stock holdings exceeds a trillion dollars. That's not cash in his bank account, you idiots. He can't just go to PNC Bank and he can't go to an ATM and like look at the account balance and it says a trillion. 1.00

00:42:36.500 And every indication we have is that Musk is going to hold on to the vast majority of his

00:42:42.140 stock so that he can retain control over his companies. He's going to do exactly what he did

00:42:46.720 when he sold his stake in PayPal, which is to use his money for the benefit of his companies and by

00:42:51.240 extension for the benefit of every single American who owns stock in those companies, which is quite

00:42:56.180 a few since Tesla and SpaceX are now included in every major index fund. If you have a 401k,

00:43:02.680 that Elon Musk's success benefits you directly.

00:43:07.560 As we read on in the Guardian article,

00:43:09.680 we see more and more nonsense

00:43:10.840 about why we should be rooting for Musk to fail.

00:43:14.260 Quote, a 2013 study led by researchers

00:43:16.800 from Northwestern University

00:43:18.340 found the ultra-wealthy are much less willing

00:43:21.300 than others to invest in healthcare

00:43:22.900 and education initiatives that benefit society as a whole.

00:43:26.300 They want lower taxes, less government regulation,

00:43:28.760 a system that keeps making them richer.

00:43:30.340 The Doge-driven dismantling of the U.S. Agency for International Development has already caused deaths of 600,000 people, two-thirds of them children, because of disease and malnutrition, according to some calculations.

00:43:43.360 Again, there's that made-up statistic about all the children that Doge supposedly killed.

00:43:48.780 They cite some calculations without telling you that the calculation was run by a deranged cat lady at Boston University.

00:43:58.140 And also the figure, I thought it was 700,000 something.

00:44:00.760 Now it's 600,000.

00:44:02.960 Well, just like when they're setting the limit of wealth,

00:44:04.720 they can just make this stuff up.

00:44:08.180 Elon Musk killed 80 billion people.

00:44:14.260 That's how I feel anyway.

00:44:18.080 Elon Musk makes me so sad that it feels like

00:44:21.100 he's killed 80 billion people.

00:44:23.000 and of course we're told that lower taxes and less government regulation merely serve to keep 0.98

00:44:29.660 making musk richer even though it also makes everybody richer yes when you let people keep

00:44:35.340 more of their own money they get richer it's a kind of a universal principle spending the money 0.96

00:44:40.980 on education initiatives on the other hand does not improve anything okay we have one of the worst

00:44:46.740 public school systems in the world there is no evidence that just dumping more money into

00:44:52.780 education actually makes kids more educated. There's no evidence. It's never worked that way.

00:44:59.100 The money goes directly to bureaucrats and teachers unions that squander every penny of it.

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00:48:55.640 You know, I can't overstate just how unified the Democrat party is when it comes to destroying

00:48:59.120 wealth in this country. Here's Senator Ed Markey of Massachusetts, who's been on a personal quest

00:49:05.060 to destroy Elon Musk for some time.

00:49:07.660 Quote, Elon Musk just became the world's first trillionaire.

00:49:10.320 While working people struggle to get by,

00:49:12.120 the billionaire class is becoming the trillionaire class. 0.89

00:49:14.620 It's disgusting.

00:49:16.220 I'm fighting to tax the rich 0.64

00:49:17.660 so we stop rewarding trading stocks over punching clocks.

00:49:23.020 And here's Democrats' most likely presidential nominee,

00:49:25.220 Gavin Newsom, quote,

00:49:26.460 Americans are struggling to pay for groceries and gas

00:49:28.820 while Elon Musk becomes a trillionaire.

00:49:30.460 When the federal government is for sale,

00:49:32.620 the rich get richer and everyone else gets shafted.

00:49:35.060 the system is rigged. Now, this is the same Gavin Newsom, by the way, who just conducted a softball

00:49:41.120 interview with Hunter Biden. The personification of the federal government is for sale. But in

00:49:47.220 this post, Newsom wants us to know that the real problem is Elon Musk because he's rich, while many

00:49:51.920 Americans are struggling to pay for groceries and taxes. And I guess the idea is that until

00:49:55.840 everybody can afford groceries and taxes, we shouldn't have rich people. Also, the idea is

00:50:01.720 that somehow if Elon Musk became poor overnight, it would help you with your groceries. It would

00:50:09.460 not at all. There's no connection. In fact, it would almost certainly hurt you in a lot of ways,

00:50:16.220 the reverberating effect of that. So this is an extremely dumb line of argument. But at the same 0.99

00:50:22.900 time, we can't dismiss this rhetoric. It's guaranteed to play a major role in the next

00:50:27.120 election for obvious reasons. Populist talking points tend to resonate, and a lot of people do

00:50:33.000 feel, justifiably so, that the cost of living is too high, which it is. As we discussed before,

00:50:38.960 all the money printing during COVID, along with the influx of foreigners who are competing with 1.00

00:50:42.880 Americans for housing and employment, has made everyday life much more expensive. The candidate 0.99

00:50:47.900 who wins the next presidential election will be the candidate who's able to convince Americans

00:50:51.820 that he's going to bring costs down. Whatever your political views may be, there's no getting

00:50:55.900 around that fact. It is a fact. But it would be a massive mistake, one that we may not be able to

00:51:02.000 recover from, to blame the cost of living on people who are building, people who are creating

00:51:08.420 jobs and enormous wealth, people who are single-handedly boosting the GDP of this country.

00:51:14.480 They are not the enemies in this scenario. Okay, of all the targets you could pick,

00:51:20.260 the builders are the absolute worst targets. They are not the reason the cost of living has

00:51:26.940 gone up. On the contrary, they're the only realistic path forward to erasing the national

00:51:32.260 debt that's been growing at an unsustainable rate for most of our lives. When Democrats tell you

00:51:38.780 that they want Elon to be the last trillionaire, they're telling you that they're going to cap

00:51:44.580 our economic growth indefinitely. They want us to fight over the limited resources we currently

00:51:50.960 have. They want you to think that that's our only option, to worship their civic religion and to

00:51:57.000 endlessly redistribute other people's money until we run out of it. But over the past week,

00:52:02.240 both Elon and the Trump administration have made it clear that there is an alternative.

00:52:05.840 We can take pride in our country rather than our bureaucracy. We can create wealth

00:52:13.020 rather than seizing it, that's the approach we need to take if we want to exist as a country

00:52:21.000 for another 250 years. We have to reject the jealousy and the insecurity and the impotent,

00:52:27.780 pathetic rage of the left. And as quickly as we possibly can, with the support of as many 0.93

00:52:34.280 billionaires and trillionaires as possible, we need to build. That'll do it for the show today.

00:52:41.040 Thanks for watching. Thanks for listening. Talk to you tomorrow. Have a great day. Godspeed.

00:52:50.860 Last month, we judged Martin Luther King Jr. not by the color of his skin, but by the content of

00:52:55.680 his character. American school kids spend a lot of time hearing about MLK and Rosa Parks.

00:53:03.000 Have you noticed no one ever asks what Birmingham, Selma, and Montgomery are like today?

00:53:07.560 The legacy of the civil rights movement wasn't a racially harmonious utopia.

00:53:15.880 It's hollowed out urban cores, hundreds of thousands of dead Americans, 0.61

00:53:19.800 raped grandmothers, ethnic cleansing of entire neighborhoods. 0.55

00:53:23.400 This month we survey first-hand accounts of the historic wave of non-violent crime,

00:53:27.720 riots unleashed on this country by the civil rights movement,

00:53:30.440 which caused more enduring damage on America's greatest cities than the atomic bombs dropped

00:53:35.480 on hiroshima nagasaki who were the winners and who were the losers what's the truth about

00:53:41.240 redlining white flight affirmative action don't want to miss the second part of our

00:53:47.880 special on the civil rights movement the looting of america on daily wire plus

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The Matt Walsh Show - June 15, 2026

Ep. 1796 - What Elon's Trillionaire Status Reveals About The Left's War On Success

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