A few days ago, Elon Musk became the first trillionaire on Earth, and of course, many people were perfectly happy with that outcome. And many others were bathing in seething anger that such a reality could exist. And so I wanted to discuss several principles that can explain why different people could look at the same reality and arrive at different conclusions.
00:07:09.040It's precisely the idea that why should someone else
00:07:13.560have more money than this person, than me, right?
00:07:16.460Elizabeth Warren maybe is worth many, many millions of dollars,
00:07:19.940but that's a reasonable, logical amount of money to have.
00:07:24.540Bernie Sanders owns many homes, which he was able to obtain
00:07:28.340by writing books about how evil capitalism is,
00:07:32.600But using the capitalist publishing system, he doesn't see any irony in that statement, but he's deserving of it because they are the reproductive queens in the communist social ant colony, and therefore it's okay for them to have money.
00:07:52.780But the money that Elon has amassed in their view and point in their calculus, that's simply obscene.
00:07:59.900So what is it that they are maximizing in their calculus, right?
00:08:05.020I've explained to you before that the field of operations research is the applied mathematics field that says here is some objective function that we're trying to maximize.
00:08:15.100By maximize, it means either minimize or optimize some metric.
00:08:19.040And then what is the mathematical solution that maximizes that metric?
00:08:23.960Well, if according to Gavin Newsom and Bernie Sanders and AOC and Elizabeth Warren, what
00:08:31.420you're trying to minimize is income inequality, well, then, of course, that Elon is not worth
00:08:37.660a trillion dollars and someone else lives on food stamps, that is wrong.
00:08:43.220And therefore, we're going to intervene, take his money, so that then we can have more income equality, right?
00:08:52.140That's exactly the parasitic system of Canada.
00:08:54.840That's why we are finally, thank God, fleeing Canada to the United States.
00:09:01.460But if you realize that there are other metrics to optimize, the greater utility to the greatest number of people, well, is Elon doing that?
00:09:11.440Well, we know, I saw one stat that said that something like 4,400 people as a result of
00:09:17.900the IPO became millionaires and about 400 of them became 100 millionaires.
00:09:24.040Now, they will be taxed, so that will go into the public coffers.
00:09:28.920So never mind whatever taxes that Elon pays, never mind how much innovation he creates,
00:09:35.440how many, you know, human problems he solves.
00:09:38.340he is contributing in endless ways to the public coffers in ways that all of these parasitic
00:09:46.580people the Gavin Newsom's and the Bernie Sanders and the AOC's could not if they lived 100,000
00:09:54.180lifetimes so using the metrics of contributing to the public good who's contributed more Elon
00:10:03.440or all those people so now I'm going to read you from this book the number one book the instant
00:10:12.080number one New York Times bestseller book I'm going to read you from page 145 this is from the
00:10:18.080chapter called govern me harder daddy are you ready speaking of Musk suicidally empathetic
00:10:25.500socialists would love to see him taxed at a nearly 100% rate as he is apparently unfairly wealthy
00:10:33.880when other Americans must rely on food stamps to survive. These same folks fail to realize that
00:10:40.060Musk's companies have injected $338 plus billion into the U.S. economy over the past five years
00:10:47.560alone stemming from $110.7 billion in salaries, $46 billion in levy taxes, and $182.2 billion
00:10:58.760in procurements. Musk's ability to generate and allocate capital is astoundingly greater
00:11:05.220than would be the case of a caring and empathetic centralized government agency.
00:11:10.560The parasitic reflex to punish successful capitalists who otherwise inject extraordinary economic activity is a manifestation of the tall poppy syndrome and is also captured by a cross-cultural insight stemming from Bono, the lead singer of U2, who said, quote,
00:11:30.800in the United States you look at the guy that lives in the mansion on the hill and you think
00:11:36.040you know one day if I work really hard I could live in that mansion in Ireland people look up0.97
00:11:42.920at the guy in the mansion on the hill and go one day I'm going to get that bastard close quote0.86
00:11:49.260pathological envy bathing and suicidal empathy fuels socialism so rather than people saying my0.92
00:11:56.660god what an inspiring story that musk has thus far lived how can i emulate that how could i
00:12:04.760achieve one millionth of a percent of what this guy has achieved the socialists that are now
00:12:12.640populating half of the political that you know the u.s government called the democrats are
00:12:20.260completely internalizing and normalizing the ethos of parasitic pathological envious socialism
00:12:29.080there you have it folks congratulations Elon you deserve it cheers