• 0 Posts
  • 11 Comments
Joined 1 year ago
cake
Cake day: July 6th, 2023

help-circle








  • No one will convince me he isn’t doing this on purpose to tank the brand.

    He and his buddies were mad that they couldn’t compete. So he made the offer in a manic moment, and then was forced to go through with it. Now that he’s got it, he’s going to destroy it, and use the loss to reduce his taxes from all his government contracts.

    And he simultaneously gets to platform fascists and silence people calling out the powerful. Wins all around.

    For a normal person, this looks like failing. I totally get that. But rich people can derive massive benefits from stuff that would ruin us, and every single thing Musk is doing benefits him in some way.



  • When it all falls apart, he doesn’t need a bailout. He leaves his investors holding the majority of the lost equity, pays off his portion, writes it off and carries it forward, and uses it to reduce his tax bill in upcoming years when he’ll have a bunch of government contracts.

    All of this looks stupid if you assume he’s trying to run a profitable business. But he’s not. He’s moving cash flow through as many other of his own ventures that he can, and he’ll cannibalize the rest. The only people who will actually lose money are normal citizens who will have to make up the list tax dollars.