There is one thing that I have trouble understanding. Why do so many people resent productive entrepreneurs who got very rich by making a product or owning a company that benefits society but do not have the same disdain for actors and athletes who are Uber rich
Because of the message. Productive entrepreneurs usually lean right and the Hollywood types lean left. Personally I donāt care how much someone has or what their political opinion is, but it seems like a lot of lefties do.
The two are connected but the two are different as well. I respect Mac for buying the best electric car on the market and supporting 100,000 jobs with many being in America.
You can see the mental association very clearly any time they talk about Twitter (Musk did a terrible job renaming it X btw, thatās lame and has no pizzazz). They fume when discussing the platform, and that has everything to do with anti-Musk media conditioning.
I think heās a very snart, innovative guy wbo also has human biases, including in his case, a poor attention span and tendency to be incredibly impulsive.
None of that would be a particular problem, just normal human flaws, except when we give ultra billionaires the power to singlehandedly change the world. They may change it in positive or negative ways. In Muskās case, both.
Middle East Sheikās. Those MFers are beyond rich.
Rumors that the UAE flys their jumbo jet to Lexington Ky airport. The airport is not rated for the aircraft and they pay a $100,000 fine every time that they land.
I worked with a guy whose brother was a financial advisor to one of the Kuwaiti princes (not a throne heir, but one of the close relatives). They would come to NYC once or twice a year and take an entire hotel floor for a week or so to shop all the designer stores. They once had the cast of a Broadway show to their suites to perform. He told me that the amount of money his brother managed was unbelievable. This was in the early '90s.
I donāt know where āweā fit into that. He bought Twitter with his own money, and his relationship with Trump occurred organically.
The American public is not in any position to āgiveā him the right or power to make either of those things happen, nor forbid them. Free speech and free markets.
Iām not saying you do. But since you chimed in, I assumed you were speaking on macās behalf. And that answer you gave doesnāt make his original statement make much sense. But Iām willing to listen to an argument to the contrary.
I got super busy yesterday and didnāt have time to reply, but it seems plenty of people were happy to share their version of my opinion.
My concern isnāt specific to Musk. I donāt hate him, just think heās a petulant child.
I worry more about the concentration of wealth and power into increasingly few hands. Meta is a public company, at least, but I think it should be broken up. they should not be able to own Facebook and Instagram, which should be competitors.
Yeah, we have multiple billionaires buying media outlets and itās not a healthy thing. Thatās true regardless of whether I agree or disagree with a particular oneās perspective.
I raised this with the Starlink thing and Ukraine. Musk giving them free access is a good thing; theyāre defending themselves. But the fact that he can turn it on and off at a whim is concerning.
The other day, Trump asked Musk to help out the states hit by the hurricane with free Starlink. So, what happens if Musk thinks he can help Trump win by doing that?
I donāt like that one person has the capacity to swing an election. Not if itās Musk, Bezos, or any of them. I like a broad distribution of power.