It all starts and ends with money. We have to get money out of politics. Politicians only act the way they do because they are beholden to their donors.
@antiricergt I can see you're another deeply misconstrued individual that has no idea how the wealth trap works. You poor soul, you're what's wrong with America. Too bad we all lose.
@@antiricergt I can see you're another deeply misconstrued individual that has no idea how the wealth trap works. You poor soul, you're what's wrong with America. Too bad we all lose.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Because AI keeps getting things wrong. Look at the trouble lawyers have gotten into when they use an ai. The AI makes up everything, like court cases it is citing. Look at how ai chat bots have convinced children to end themselves.
Great point! It's the responsibility of all of us, to educate each other. It always has been. Clearly we can't trust our representatives to represent us, or our co-humans to be rational. Fight the power
Also, democracy dies when businessmen own the Press, in almost all media. I was a fan of Tesla, but the more I listened to Elon, the sicker I felt. I may be proved wrong and regret selling Elon's stock. No regrets. I say -- Power corrupts and power + money corrupt absolutely.
Is anyone surprised that a white south african is now supporting the far-right Neo-Nazi AfD party in Germany? Musk is telling us who he is. Guys like Ricky just don't want to believe it.
Love how my comment in the live chat disappeared... About how our government is defiantly broken but slash and burn is only going to make things worse and Elon only knows slash and burn. He is vulnerable to disinformation and will go full force on second hand information without doing basic due diligence. His take on gov is clearly emotional. When reforming an encrusted system like ours it takes a very balanced view developed by a body of citizens.
This. I work in the government and it's hard. I have to go in at least once a month and it's hard. It's a long drive for me since I live two towns over and have another job there. What elon is proposing is dangerous
I tend to agree. I 100% believe in transparency. I think careful and thoughtful review and cut us the best approach. We can’t just see a tweet in x and say let’s cut the department all together bc of this opinion without review. Value needs weighed and determine where we can and should cut.
Dude... You're being way too reasonable. And as you can see from your comments, the reasonable people are not you're main demographic. Hope you know what you're doing
I’m all for reducing the debt but the focus will only be on social cuts and not one penny on defense and that will be wrong, . The endless wars and black hole defense budget also need to be cut.
Great town hall style, really enjoy the conversation happening please do a few more like these. So dope to have intelligent views and light friendly discussions about important topics 💛🤙
The richest man in the world being able to decide who is president and tell politicians which way they must vote or he will personally primary them and make them lose their seat next time they are up for election, is terrible for this country, even if he wasn't a bigot whose children won't talk to him because he's a bad person.
at this point he's just bringing up what's happening. I'd rather more people see what's actually happen, than trust these people who spend decades in it, to keep it from us. There's NO way to justify this CR bill situation. Waiting till the last minute, making it 1500 pages and giving people hours to vote, is NOT democracy, and its high time they remember that they work for us. and don't forget who controls all the media? rich people, that's never changed, except now we have a guy who doesn't seem to have any interest in money or what it can buy.
George Soros also influenced elections and big tech oligarchs too. I would so the same if I had the influence. There is a saying that the only thing Evil needs to triumph is for good men to do nothing. If you have power and a way to influence things for the better then it’s a moral thing to take action to help others. The thing is if what you are trying to achieve is a good cause or not or if it’s for a selfish reason or not
What would our debate on taxes snd debt look like from a first principle perspective. The first principles of our constitutional government is to protect human life, liberty and pursuit of happiness for all living in the United States of America. Elon is well known for his advocacy of first principle thinking and problem solving from this starting point. 21:1621:16
You say that Tesla doesn't benefit from the tax credit, but they do -- because they can justify keeping their prices higher as a result of the tax credit. For car companies struggling to build EVs profitably this helps them stay afloat. But at some point it needs to go away so that companies and consumers can start standing on their own two feet.
But ur video itself explains why drill baby drill wont work as you are selling the oil drilled here outside to other countries who can refine US oil , so no energy independence for US market right , but yes USA will get money and influence out of it (contries to whom USA is selling to)
National Debt: The problem is not spending beyond our means but refusing to collect revenue sufficient to fund our spending. The states do not run a deficit, so we "have the technology". They are not one bit shy about collecting the taxes they need to do their mandated job. Congresspeople are terrified of voting for taxes.
I think that cutting Space X funding would be more beneficial to controlling the spending budget. Every failed launch costs the US tax payers $100,000,000 and there have been so many failures. All countries need to spend on defence, as there will always going to be a need for defence.
"spending beyond our means" The government makes the money. There is no such thing as "spending beyond our means". The risk is only increased inflation. If the government balanced the budget today, the economy would go into immediate recession. One person's spending is another person's paycheck.
Ricky, congratulations on launching the online electrician course! My opinions on Elon’s power grab, Part 1: I’m late to this discussion, but I do give Elon credit for his contributions to advancing technology. However, Elon is undeniably a mastermind at capitalizing on human emotions to drive support for his ventures and ultimately generate wealth. For instance, his early success with Zip2, essentially an internet-based phonebook and directory, showcased his ability to identify market gaps and sell the idea of digital convenience. This knack for storytelling and creating a vision carried over to his co-founding of PayPal, where he capitalized on the emerging need for secure and seamless online transactions, laying the groundwork for a digital economy.
Elon rocks! His self proclaimed goal is to make the world energy self sufficient. He also wants to create a place for mankind to colonize when our planet is no longer habitable. Admirable goals in my opinion.
@@gesilsampaioamarantesegund6692 What people say is irrelevant, what they do is relevant. He's backing someone who is anti-EV, anti-climate change, and anti-green technologies, so yes Musk is showing his true colours.
Spend less? How about we increase revenue. There’s more than one way to fix a problem like this but the wealthy technocrats want you to focus on cutting benefits than contributing their fair share.
The math doesn't work. Even if you could pull every dollar from every billionaire, including taking all the companies it wouldn't run the government long. We have a spending problem. If you think the taxing unrealized gains is a good idea, you need to understand economics/finance better before letting your voice be heard. That was something that made Harris unelectable.
Tax everyone till they have nothing is the liberal way! As said above if you taxed every billionaire you still wouldn’t have enough. I do enjoy when the left acts like they give 2 shits about spending like Trump was doing the wall. You don’t have an issue with Biden selling the border wall for pennies on the dollar which will have to be replaced. You also don’t mind the billions going to other countries or illegals which could help idk Americans. We are not the world’s police or their checkbook.
I think Elon felt worried how the USA is going and decided he could make a difference. Some people won’t like it. You can’t please everyone. Yet I believe Elon has good intentions for the USA. He can move to another country if he wants but he’s rooting for the USA and it’s founding principles.
Elon Musk's grandfather was a Canadian-American Nazi supporter during the time of the NSDAP, who fully supported apartheid, then moved to South Africa to rob it of some of it's riches as soon as the opportunity arose, and Trump's dad was a very wealthy and respected member of the German American Bund, during Hitler's reign in Germany. He frequently spent time at Camp Siegfried, and elsewhere. Don and Elon, are the products of the Third Reich. Apples never fall far from the tree...... The politics of WWII are still alive and well in the darker recesses of politics. Read about Adolf Hitler's "Night of the Long Knives".
@@Yayo-PR He couldn't simply "move to another country" without losing tons of money. Besides, he has been operating on many other countries and trying to influence pilitics abroad in a shameless way.
Part 2: Fast forward to Tesla: the promise of stopping pollution and revolutionizing the automotive industry through electric cars captivated millions, helping him sell not just cars but a vision of a cleaner future. Then, with SpaceX, the narrative shifted to exploring new frontiers for humanity-making Mars a backup planet. While the reality of colonizing Mars remains far away, the idea keeps people emotionally invested in Elon’s broader causes, from Tesla to Starlink. That said, I’m slightly optimistic about Elon’s move to assist the federal government. His influence and resources could bring significant advancements in technology and infrastructure if leveraged properly. While it’s clear he has a knack for turning public goodwill into personal capital, there’s potential for real progress if these efforts align with broader societal goals.
"assist the federal government" ... Elon Musk’s Opposition to Gov’t Spending Bill a “Smokescreen” for His Business Interests - Democracy Now, December 23, 2024 He was afraid of the ban on high tech exports to China so he had it stripped out of the bill. Musk is not looking out for you (or America). Don't be a sucker, Ricky!
If you make every department head financially responsible for accounting for all the money that is in their budget , then you will not have this problem!
When they passed Obama Care, Nancy Pelosi, said we have to pass the bill to know what’s in it. Our politicians should all be fired. Change and exposure to what they’re doing is good.
Obamacare has been a tremendous success despite the republicans best attempts to destroy it. She was talking about seeing the benefits of it after it’s implemented.
National Debt is not like personal debt, and the fact that you don't understand why might be why engineers don't also get an economics degree for free on grad day. Theres a dunning kruger effect going on here for sure.
SO let's just run up the debt as high as we can get it is it? Debt should be minimized, there's no benefit to have more of it. and being responsible and running a government on budget is the right thing. Sorry just math.
@spencerharvey1410 modern monetary theory is an absolute joke. Followers believe that you can just print money to pay interest. You know why things are so expensive right now? Because we printed over 4 trillion dollars in 2020.
@@LordRykard9376I don’t think that’s what they advocate at all. Please spend more time in the library and less time in the comment section. All the best for the new year.
Nobody in the world is buying US treasury bond. Most big economies have started to trade in their local currencies. Usually the USA's QE outcome would not bring much inflation, but now it is not. So QE cannot be done like before and Interest rates are high. So basically US is heading towards bankruptcy, if they do not decrease their spending. They have to close around 700 military base around the world, cut down on social security, health care, etc.
Most humans cannot survive without intervention from more skilled other humans, The message being put out here is being missed i think, There are a number of rich people trying to do good things but their money makes them look bad, specially when some tainting peoples image is defo happening. Maybe let the guy show his hand and then judge. grouping things together seems to be causing some issues, but like the USA, Europe, UK, none of these places are really democratic. FACT. The system isn't built fairly.
X is the new king of news hands down. Has Elon made a mistake, time will tell. But we all know something has to change and the new group offers some changes like it or not. This will hurt all of us and it has to since we cannot continue downn the road of everyone gets everything they want no matter what the costs are. Having extremely successful business owners running the Government hopefully works well. The sad parts is the swamp is just that and number in the 10s of thousands maybe millions
definitely will, but we're seeing social media platforms and AI actually unearthing the shady ways politicians get away with stuff that we didn't pay them and elect them to do... its an interesting disruption, something i often think about
I think people care about politics when it really starts to affect them in their lives. You can only ignore politics if it doesn’t matter, but the reality is many times it does and you start to pay attention. A big issue for me is the extreme gender ideology being tried to be normalized in the past few years and being promoted with propaganda in many spheres of society. Elon Musk for example had a son who turned into trans woman and this has devastated him, making all the leftist gender woke ideology stuff make him take a strong stance against it. And when politicians want to push all that woke stuff on us who don’t want it, yeah politics matters if it can sway society to lean in one direction or another. A little more tax or less is not a big deal, but things have been getting really extreme lately and also with corruption in government.
@@Yayo-PR Trans effects less than 1%n of the population. It is just being amplified by the right to get people to vote for policies that don't benefit them
Thank you for being brave enough to bring up Elon and his face haters. It is clear the haters are not bothering to do any research on their own. Repeating what mainstream media says does not count as doing their own due diligence.
The IRS code should be simplified to a simple Federal sales tax. Those that spend the most should pay the most. Every dime spent or traded by individuals or businesses should be charged a 2% sales tax. Scrap the income tax. Rich people and large corporations find a way to not pay taxes. All individuals should be given a federal sales tax rebate on the first $10,000 they spend. After that, everyone pays the same 2% Federal sales tax. All stock trades, all wages paid, all inventory bought, all expenses to run a business or home, all expenses to live, would be taxed the same. The more you spend, the more you pay. Keep it simple. Trillions are spent every day worldwide. 2% of that should be enough to run a country.
I agree. 10% off the top. Income, revenue, dividends, inheritances, ANY form of income. Easy, simple, safe, and to be sure it doesn't harm low-income earners, we exempt the first $50K, BUT we have no other forms of deduction, allowance, hide-behind, etc....
Complete BS. The wealthy pay close to 50% of all taxes. In fact, all people who make $100k and above pay about 89% of federal taxes. Replace income tax with tariffs + reduced federal government + reduced spending + reduced fraud and waste. Its quite easy. The only thing stopping it are a bunch of politicians who hate us.
Modern Monetary Theory. Learn it, apply it. The debt is not the monster it's made out to be. For decades now, people have been warning that a debt caused collapse of the economy is imminent, and yet here we are.
Everything he has tried or actually has done for not just our nation, but the world he was told couldn’t be done. I remember all the critical when he tried to create Tesla. They were laughing at him on TV and even the stuff with SpaceX with the first launch, I think there’s way too much regulation Which is holding us back from actually innovating and it takes strong and smart people to really push us forward. I’ve said it before, but I truly do believe must has a potential to be our Einstein and I realize it’s not just him. It’s all of the other smart people he surround himself with and all of these companies, but that wasn’t done before maybe in the past but not recently and I think that’s why all of his companies are so successful it’s not a popularity contest. It’s just about bringing the best people to help with the job or task at hand. I say keep up the good work.
I think Trump, Kennedy, Elon and DOGE are good for America. I appreciate that Vivek posted about the wasteful spending in the continuing resolution in bullet format. Vivek made it so I could understand 1,500 page bill in a few minutes -- magic! I appreciate that Elon shared Vivek's tweet and shared his opinion of it. From there people who agreed called their representative and voiced their opinion. It was great to see the cr stopped because citizens called their representative. I believe sunshine is the best solution. Our Constitutional Republic needs as much transparency as possible. I realize the representatives are upset, but look at what they are upset about -- their 40% raise, the right to opt out of ObamaCare, the right to not share emails when investigated. I hope they can be forced to reveal the author of the bill and that they must only vote on one issue at a time so we the people know who is voting for what.
Do representatives deserve a raise? No, but I do believe that a raise is necessary in order to best represent the voice of the people. These representatives need to be able to afford two homes- One in their hometown where they should be campaigning and speaking with constituents during recess, and another in DC (one of the highest cost of living in the US) This has become practically impossible with a $174,000 salary. Yes that’s a lot, but I think it’s a reasonable me ask given the requirements of the job. If this need isn’t met it will only push more rich, old, and out-of-touch people into positions of power. A place in congress must remain accessible to the working class.
Everyone should save the following script since it will be horriblely common in the coming years. Stay safe everyone. " At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.".
At first, I believed he had good intentions, but his willingness to shut down the government until Trump returns to office is deeply concerning. Such an action would not only impact those in higher-paying positions but would also severely affect individuals who live paycheck to paycheck, creating widespread hardship.
Look, you are an enginner, which means you should know he should not call Twitter X because X is already a thing in the tech world. And what has he done to Twitter? It’s as slow - even slower than before. He’s made it uselss for customer support. If this is a sign of what’s to come out of him, it’s not going to be anything good. I have not signed onto Twitter for who knows low long already, it’s gotten so slow these days it’s unusable.
To be credible in taxes, we need to know your gross income and how much you pay in taxes. You also must be transparent. I’ve really enjoyed your videos but this makes you sound slimey.
Discerning commentary as usual. Well done. One of the best parts of this whole amazing win by team Donald is watching people lose their minds. TDS, MDS, KDS, it just keeps coming. I find it particularly funny that many felt the country was on a good path with a senile grandpa and a puppet at the helm, just several months ago. Keep up the good work. While I don't always agree with your position or reasoning, I have huge respect for you and your contributions towards helping the place be a better one. Happy Holidays.
Still listening. I think Elon has done a lot of good. I do think he has a lot of yes men around him now and never push back on ideas. Everyone is susceptible to misinformation if that’s what you’re continuously fed. I’m hopeful but also think some of the scrutiny is valid.
"1 in 5 cars is electric." = BULLSH!T. According to Perplexity A.I. the ratio in the states is 1 in 10 is electric and 1 in 34 for the world even though electric cars are only 10% of all personal automobile sales.
You cannot count on wind and solar. You must have and pay for a system that will work without them. Wind and solar can reduce fuel costs, but all the capx required to run without them must be paid anyway.
Sure the debt is mostly to investors, BUT, we still have to pay the *interest* on the debt. THAT's the problem. Paying the interest on the debt is a HUGE part of our budget. It'll soon be, if it isn't already, the biggest cost we pay. Bigger than military spending. Bigger than Social Security and Medicare. Money that could go for something better than paying interest. You want all these social programs, well, we can't afford them anymore because we're using such a huge amount of money *just to pay interest.* And Congress, instead of doing something about it, just keeps spending money like they've discovered an infinite money glitch. It's insanity! The bill *WILL* come due!
as long as interest rates are lower than gdp growth debt has no negatives. The problem in the US is that the money is wasted. most countries use their debt to pay for healthcare or social security but in the US is hard to see where your taxes go and there's a lot of big politicians that want an even smaller government so they make whatever is possible to make the current system inefficient and useless
I had to shut it off when the subject turned to the deficit. Every time a Republican starts talking about reducing the deficit after a Democrat instead the deficit just explodes. Every Republican President since Gerald Ford has exploded the deficit.
National Debt is not the same as personal debt. basic college Econ explains much of this. didn't you have that? This not saying it having the right use of national debt is not important but campariining it as the same as personal is inaccurate and false. Republican economics have driving up debt, stagnated wages and produce a weaker economy since Reagan. Reagan Admin led the policy that made health insurance companies for profit. I don't hear anyone claiming heath care has gotten cheap since that chance, have you?
Only blames Republicans ayy? I have a concrete shoe to sell you because you are not smart! I would even call you names but Goolag would only remove my comment.
The U.S.A would prosper if our government would stop giving other countries so much money! In other words; keep MORE of our money here and stop founding foreign wars and governments! OUR economy needs our money to stay HERE! The U.S citizens don't get any benefit from our tax dollars going to other governments!
Okay. Who do you think builds the new supplies? We do. We get new equipment when we donate our old stuff. I'm just going to stop right there and let you just think about that alone.
Republican House was Incompetent, Least Productive Session in Generations. The CR was Negotiated for months, because no budget was Passed. Passing Simple Stand alone bill Sound Great, Except Civics requires a Floor debate on Each Bill, One Senator can Force the debate. The Congressional system is Very Complex.
Dont be afraid to speak your point of view and keep saying “that’s my bias” if your point of view/bias is backed by facts and close to truths. Its like saying 1+1 is 2, oh that’s my bias. U cant please all of your audience. That being said, who can argue what Elon has accomplished in such a short amount of time. If people cant see his talent and what he has done then ask yourself one question, what have you done today?
When most people give an opinion they reveal they own either a pitch fork or a burning torch... If they were skilled and educated enough, maybe they wouldn't be so easily led, controlled etc.. They don't even know how to research their badly informed info without using media sources, instead they blurt out stuff, thinking they know. This video is a well informed person sharing, If you agree or not, go find out more before you judge. Form your own opinion based on research you found. Otherwise your response to this is just hocuspocus
If AI make extremely large lawful jargons into policy to make is so large and unreadable to the layman why not make an ai to summarise the same into a smaller layman language and make it compulsory for every policy passed to hv these 2 types of representation one large and complex and other a proper summary
As far as taxes go, Elon will pay $11 Billion this year. According to stats, the average tax bill in the US is around $20,000. Therefore, it takes 550,000 people with a median income to equal what Elon pays. I think he pays his fair share. There are around 1,000 billionaires in the US worth about $5 Trillion combined. It takes 1.8 million people to pay the same amount in taxes. Elon isn’t included in the second calculation. So, 1,001 billionaires pay as much as 2.3 million people. According to the federal government, the top 1% of US taxpayers pay 40% of the taxes. With 161 million taxpayers the 1.6 million pay 40%, then 159 million people pay the rest. Taxing the rich more just would achieve anything.
Dude, you're not an economist, and you don't know what the difference is between national debt and personal debt. You're popularizing the notion that national debt is bad which has no basis in fact.
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](http://i.ytimg.com/vi/0-WR6Zq7Qec/mqdefault.jpg)
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](/img/tr.png)
It all starts and ends with money. We have to get money out of politics. Politicians only act the way they do because they are beholden to their donors.
100%
Letting Elon run the government is not the way to do it.
Oligarchy needs to be abolished before it starts here.
Are you sure that it already isn't?
@@MadDragon75Well it is but it’s always been from the left. Now someone is fighting for the right people are whining and crying.
@antiricergt I can see you're another deeply misconstrued individual that has no idea how the wealth trap works. You poor soul, you're what's wrong with America. Too bad we all lose.
@@antiricergt I can see you're another deeply misconstrued individual that has no idea how the wealth trap works. You poor soul, you're what's wrong with America. Too bad we all lose.
@@antiricergt I can see you're another deeply misconstrued individual that has no idea how the wealth trap works. Too bad we all lose.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Since ChatGPT was introduced I could never figure out why bills were not being summarized and made public.
Good point. For an individual that is one of the best uses for AI in general.
Because AI keeps getting things wrong. Look at the trouble lawyers have gotten into when they use an ai. The AI makes up everything, like court cases it is citing. Look at how ai chat bots have convinced children to end themselves.
Great point!
It's the responsibility of all of us, to educate each other.
It always has been.
Clearly we can't trust our representatives to represent us, or our co-humans to be rational.
Fight the power
@@CodaOrbinso you all voted in droves against your own personal interests, right😊
@@nlknok77 Well, I didn't, but yeah, that's what lots of people did
There is not much chance of democracy when businessmen own the government
Also, democracy dies when businessmen own the Press, in almost all media. I was a fan of Tesla, but the more I listened to Elon, the sicker I felt. I may be proved wrong and regret selling Elon's stock. No regrets. I say -- Power corrupts and power + money corrupt absolutely.
You mean like Soros and Bill Gates etc.. that have been pumping millions in to left wing politics for years now? Nah you don't mean them do you.
@@alib6060 I wouldn't bother selling Tesla stock until it starts to tank. I don't like Gates, but I still run Windoze.
Is anyone surprised that a white south african is now supporting the far-right Neo-Nazi AfD party in Germany? Musk is telling us who he is. Guys like Ricky just don't want to believe it.
Love how my comment in the live chat disappeared... About how our government is defiantly broken but slash and burn is only going to make things worse and Elon only knows slash and burn. He is vulnerable to disinformation and will go full force on second hand information without doing basic due diligence. His take on gov is clearly emotional. When reforming an encrusted system like ours it takes a very balanced view developed by a body of citizens.
This. I work in the government and it's hard. I have to go in at least once a month and it's hard. It's a long drive for me since I live two towns over and have another job there. What elon is proposing is dangerous
I tend to agree. I 100% believe in transparency. I think careful and thoughtful review and cut us the best approach. We can’t just see a tweet in x and say let’s cut the department all together bc of this opinion without review. Value needs weighed and determine where we can and should cut.
Elon can read a 1500-page bill. His sister said he would read 2 books a day while he was growing up.
Being an engineer, I’m finding a kindred heart.
Dude... You're being way too reasonable. And as you can see from your comments, the reasonable people are not you're main demographic. Hope you know what you're doing
I’m all for reducing the debt but the focus will only be on social cuts and not one penny on defense and that will be wrong,
. The endless wars and black hole defense budget also need to be cut.
Great town hall style, really enjoy the conversation happening please do a few more like these. So dope to have intelligent views and light friendly discussions about important topics 💛🤙
Glad you enjoyed it!
The richest man in the world being able to decide who is president and tell politicians which way they must vote or he will personally primary them and make them lose their seat next time they are up for election, is terrible for this country, even if he wasn't a bigot whose children won't talk to him because he's a bad person.
@@jag519 i don't feel that Elon changed the outcome of the election. Anyone who was predisposed to agree with Elon was already shunned by the left.
at this point he's just bringing up what's happening. I'd rather more people see what's actually happen, than trust these people who spend decades in it, to keep it from us. There's NO way to justify this CR bill situation. Waiting till the last minute, making it 1500 pages and giving people hours to vote, is NOT democracy, and its high time they remember that they work for us.
and don't forget who controls all the media? rich people, that's never changed, except now we have a guy who doesn't seem to have any interest in money or what it can buy.
Oh boy lefty troll
George Soros also influenced elections and big tech oligarchs too. I would so the same if I had the influence. There is a saying that the only thing Evil needs to triumph is for good men to do nothing. If you have power and a way to influence things for the better then it’s a moral thing to take action to help others. The thing is if what you are trying to achieve is a good cause or not or if it’s for a selfish reason or not
Keep seething, lib.
What would our debate on taxes snd debt look like from a first principle perspective. The first principles of our constitutional government is to protect human life, liberty and pursuit of happiness for all living in the United States of America. Elon is well known for his advocacy of first principle thinking and problem solving from this starting point. 21:16 21:16
29:46 no artisans no engineers = emptiness
You say that Tesla doesn't benefit from the tax credit, but they do -- because they can justify keeping their prices higher as a result of the tax credit. For car companies struggling to build EVs profitably this helps them stay afloat. But at some point it needs to go away so that companies and consumers can start standing on their own two feet.
Elon doesn’t care about tax credits. He’s about deregulation of things that slow his progress down, which is much more dangerous imo.
@ I agree he doesn't care about tax credits-- he knows Tesla will do just fine without them, while his competitors will really struggle without them.
But ur video itself explains why drill baby drill wont work as you are selling the oil drilled here outside to other countries who can refine US oil , so no energy independence for US market right , but yes USA will get money and influence out of it (contries to whom USA is selling to)
National Debt: The problem is not spending beyond our means but refusing to collect revenue sufficient to fund our spending. The states do not run a deficit, so we "have the technology". They are not one bit shy about collecting the taxes they need to do their mandated job. Congresspeople are terrified of voting for taxes.
I think that cutting Space X funding would be more beneficial to controlling the spending budget. Every failed launch costs the US tax payers $100,000,000 and there have been so many failures.
All countries need to spend on defence, as there will always going to be a need for defence.
"spending beyond our means" The government makes the money. There is no such thing as "spending beyond our means". The risk is only increased inflation. If the government balanced the budget today, the economy would go into immediate recession. One person's spending is another person's paycheck.
Ricky, congratulations on launching the online electrician course!
My opinions on Elon’s power grab, Part 1: I’m late to this discussion, but I do give Elon credit for his contributions to advancing technology. However, Elon is undeniably a mastermind at capitalizing on human emotions to drive support for his ventures and ultimately generate wealth.
For instance, his early success with Zip2, essentially an internet-based phonebook and directory, showcased his ability to identify market gaps and sell the idea of digital convenience. This knack for storytelling and creating a vision carried over to his co-founding of PayPal, where he capitalized on the emerging need for secure and seamless online transactions, laying the groundwork for a digital economy.
thank you Akeem!
Good podcast, Ricky. Really like your objectivity and openness to discussion without divisiveness and toxicity. Cheers from Canada.
Elon rocks! His self proclaimed goal is to make the world energy self sufficient. He also wants to create a place for mankind to colonize when our planet is no longer habitable. Admirable goals in my opinion.
@@golfinatic than he backs the man who defends "drill baby drill"... can't you see the diference between talk and practice?
@@golfinatic or the idea is to bring the expiration date of our planet closer?
Yal ppl are just sad and will believe anything. It's cool I use to be just like yal.
@@gesilsampaioamarantesegund6692
What people say is irrelevant, what they do is relevant.
He's backing someone who is anti-EV, anti-climate change, and anti-green technologies, so yes Musk is showing his true colours.
@johnnodge4327 and it is ugly... veeery ugly.
Spend less? How about we increase revenue. There’s more than one way to fix a problem like this but the wealthy technocrats want you to focus on cutting benefits than contributing their fair share.
The math doesn't work. Even if you could pull every dollar from every billionaire, including taking all the companies it wouldn't run the government long.
We have a spending problem.
If you think the taxing unrealized gains is a good idea, you need to understand economics/finance better before letting your voice be heard.
That was something that made Harris unelectable.
OK, commie. 😂
Fair shsre? I've heard that somewhere before? Some manifesto something? Ah... The pigs from Animal farm. 😊
Tax everyone till they have nothing is the liberal way! As said above if you taxed every billionaire you still wouldn’t have enough. I do enjoy when the left acts like they give 2 shits about spending like Trump was doing the wall. You don’t have an issue with Biden selling the border wall for pennies on the dollar which will have to be replaced. You also don’t mind the billions going to other countries or illegals which could help idk Americans. We are not the world’s police or their checkbook.
Naw. I want to keep more of my money. The real question is, why don't you?
I think Elon felt worried how the USA is going and decided he could make a difference. Some people won’t like it. You can’t please everyone. Yet I believe Elon has good intentions for the USA. He can move to another country if he wants but he’s rooting for the USA and it’s founding principles.
Elon Musk's grandfather was a Canadian-American Nazi supporter during the time of the NSDAP, who fully supported apartheid, then moved to South Africa to rob it of some of it's riches as soon as the opportunity arose, and Trump's dad was a very wealthy and respected member of the German American Bund, during Hitler's reign in Germany. He frequently spent time at Camp Siegfried, and elsewhere.
Don and Elon, are the products of the Third Reich. Apples never fall far from the tree...... The politics of WWII are still alive and well in the darker recesses of politics.
Read about Adolf Hitler's "Night of the Long Knives".
Amen!
Hey Elon
@@donchristie420 🤣👍🏼
@@Yayo-PR He couldn't simply "move to another country" without losing tons of money.
Besides, he has been operating on many other countries and trying to influence pilitics abroad in a shameless way.
Part 2: Fast forward to Tesla: the promise of stopping pollution and revolutionizing the automotive industry through electric cars captivated millions, helping him sell not just cars but a vision of a cleaner future. Then, with SpaceX, the narrative shifted to exploring new frontiers for humanity-making Mars a backup planet. While the reality of colonizing Mars remains far away, the idea keeps people emotionally invested in Elon’s broader causes, from Tesla to Starlink.
That said, I’m slightly optimistic about Elon’s move to assist the federal government. His influence and resources could bring significant advancements in technology and infrastructure if leveraged properly. While it’s clear he has a knack for turning public goodwill into personal capital, there’s potential for real progress if these efforts align with broader societal goals.
well said!
"assist the federal government" ... Elon Musk’s Opposition to Gov’t Spending Bill a “Smokescreen” for His Business Interests - Democracy Now, December 23, 2024 He was afraid of the ban on high tech exports to China so he had it stripped out of the bill. Musk is not looking out for you (or America). Don't be a sucker, Ricky!
If you make every department head financially responsible for accounting for all the money that is in their budget , then you will not have this problem!
When they passed Obama Care, Nancy Pelosi, said we have to pass the bill to know what’s in it. Our politicians should all be fired. Change and exposure to what they’re doing is good.
Obamacare has been a tremendous success despite the republicans best attempts to destroy it.
She was talking about seeing the benefits of it after it’s implemented.
Turned out to be a great bill, didn't it? Even the Republicans won't get rid of it now, since so many of their constituents are depending on it.
National Debt is not like personal debt, and the fact that you don't understand why might be why engineers don't also get an economics degree for free on grad day.
Theres a dunning kruger effect going on here for sure.
SO let's just run up the debt as high as we can get it is it? Debt should be minimized, there's no benefit to have more of it. and being responsible and running a government on budget is the right thing. Sorry just math.
@@TwoBitDaVinci The Deficit Myth by economist Stephanie Kelton is a good read if you want to explore government debt and budget deficits.
Yeah, it's you.
@spencerharvey1410 modern monetary theory is an absolute joke. Followers believe that you can just print money to pay interest. You know why things are so expensive right now? Because we printed over 4 trillion dollars in 2020.
@@LordRykard9376I don’t think that’s what they advocate at all. Please spend more time in the library and less time in the comment section. All the best for the new year.
I know you are just starting the live chat, but if you can have a set schedule it would make it easier to catch.
Merry Christmas, love your channel
working on a lot of setup to make things smoother, I hope to have a better schedule soon Jeremy! Merry Christmas Bro, and happy new year!
Nobody in the world is buying US treasury bond. Most big economies have started to trade in their local currencies. Usually the USA's QE outcome would not bring much inflation, but now it is not. So QE cannot be done like before and Interest rates are high. So basically US is heading towards bankruptcy, if they do not decrease their spending. They have to close around 700 military base around the world, cut down on social security, health care, etc.
"elon's interesting impact".... not exactly the words that I would use.
Its a great impact. Bro be a man and advocate to keep what you earn.
How about Elon's excellent effect?
One of your best videos yet. Looking forward to having you guys sometime I. Jan. Let me know the firm date so I can get it on the books;)
Great episode. Thank you for your thoughts.
Most humans cannot survive without intervention from more skilled other humans, The message being put out here is being missed i think, There are a number of rich people trying to do good things but their money makes them look bad, specially when some tainting peoples image is defo happening. Maybe let the guy show his hand and then judge. grouping things together seems to be causing some issues, but like the USA, Europe, UK, none of these places are really democratic. FACT. The system isn't built fairly.
If you were a true engineer you couldn't possibly think that Elon has done anything impossible
Before I would subsidize any company, would look at the salary of their top executives. Then I would decide.
X is the new king of news hands down. Has Elon made a mistake, time will tell. But we all know something has to change and the new group offers some changes like it or not. This will hurt all of us and it has to since we cannot continue downn the road of everyone gets everything they want no matter what the costs are. Having extremely successful business owners running the Government hopefully works well. The sad parts is the swamp is just that and number in the 10s of thousands maybe millions
Except that people are leaving X in droves. "Extremely successful business owners " you mean like 6 times bankrupt Trump?
Stay on topic of Engineering -- Stay out of Politics and Leon Musk , who needs a personality transplant and a moral center.
definitely will, but we're seeing social media platforms and AI actually unearthing the shady ways politicians get away with stuff that we didn't pay them and elect them to do... its an interesting disruption, something i often think about
I think people care about politics when it really starts to affect them in their lives. You can only ignore politics if it doesn’t matter, but the reality is many times it does and you start to pay attention. A big issue for me is the extreme gender ideology being tried to be normalized in the past few years and being promoted with propaganda in many spheres of society. Elon Musk for example had a son who turned into trans woman and this has devastated him, making all the leftist gender woke ideology stuff make him take a strong stance against it. And when politicians want to push all that woke stuff on us who don’t want it, yeah politics matters if it can sway society to lean in one direction or another. A little more tax or less is not a big deal, but things have been getting really extreme lately and also with corruption in government.
@@Yayo-PR Trans effects less than 1%n of the population. It is just being amplified by the right to get people to vote for policies that don't benefit them
Thank you for being brave enough to bring up Elon and his face haters. It is clear the haters are not bothering to do any research on their own. Repeating what mainstream media says does not count as doing their own due diligence.
@@hemetsonshine I can list a lot of researchers who can't put up with Mr. Musk's political practices.
Myself included.
Thank you for a good talk on the subject. I like the way you broke it down.
2 years ago, Elon paid the most money in tax EVER - BY ANYONE - EVER.
The IRS code should be simplified to a simple Federal sales tax. Those that spend the most should pay the most. Every dime spent or traded by individuals or businesses should be charged a 2% sales tax. Scrap the income tax. Rich people and large corporations find a way to not pay taxes. All individuals should be given a federal sales tax rebate on the first $10,000 they spend. After that, everyone pays the same 2% Federal sales tax. All stock trades, all wages paid, all inventory bought, all expenses to run a business or home, all expenses to live, would be taxed the same. The more you spend, the more you pay. Keep it simple. Trillions are spent every day worldwide. 2% of that should be enough to run a country.
I think a flat tax for both individual and corporations would make it easier, but at the same time you need to cut exemptions.
More research required here. Until then, I’m out. No to Elon fan boys.
Read the DEFINITION SECTION in the Tax Code 👍. Section 7701.
Chances Are, Your Not Required to FILE!
I agree.
10% off the top.
Income, revenue, dividends, inheritances, ANY form of income.
Easy, simple, safe, and to be sure it doesn't harm low-income earners, we exempt the first $50K, BUT we have no other forms of deduction, allowance, hide-behind, etc....
Complete BS. The wealthy pay close to 50% of all taxes. In fact, all people who make $100k and above pay about 89% of federal taxes. Replace income tax with tariffs + reduced federal government + reduced spending + reduced fraud and waste.
Its quite easy. The only thing stopping it are a bunch of politicians who hate us.
Modern Monetary Theory. Learn it, apply it. The debt is not the monster it's made out to be. For decades now, people have been warning that a debt caused collapse of the economy is imminent, and yet here we are.
Everything he has tried or actually has done for not just our nation, but the world he was told couldn’t be done. I remember all the critical when he tried to create Tesla. They were laughing at him on TV and even the stuff with SpaceX with the first launch, I think there’s way too much regulation Which is holding us back from actually innovating and it takes strong and smart people to really push us forward. I’ve said it before, but I truly do believe must has a potential to be our Einstein and I realize it’s not just him. It’s all of the other smart people he surround himself with and all of these companies, but that wasn’t done before maybe in the past but not recently and I think that’s why all of his companies are so successful it’s not a popularity contest. It’s just about bringing the best people to help with the job or task at hand. I say keep up the good work.
X is not about $$$$$ value, its value is truth and social justice!
I think Trump, Kennedy, Elon and DOGE are good for America. I appreciate that Vivek posted about the wasteful spending in the continuing resolution in bullet format. Vivek made it so I could understand 1,500 page bill in a few minutes -- magic! I appreciate that Elon shared Vivek's tweet and shared his opinion of it. From there people who agreed called their representative and voiced their opinion. It was great to see the cr stopped because citizens called their representative. I believe sunshine is the best solution. Our Constitutional Republic needs as much transparency as possible. I realize the representatives are upset, but look at what they are upset about -- their 40% raise, the right to opt out of ObamaCare, the right to not share emails when investigated. I hope they can be forced to reveal the author of the bill and that they must only vote on one issue at a time so we the people know who is voting for what.
You have no idea about reality , these fools don't have any idea what they are doing.
@@vesawuoristo4162please illuminate us.
Do representatives deserve a raise? No, but I do believe that a raise is necessary in order to best represent the voice of the people. These representatives need to be able to afford two homes- One in their hometown where they should be campaigning and speaking with constituents during recess, and another in DC (one of the highest cost of living in the US) This has become practically impossible with a $174,000 salary. Yes that’s a lot, but I think it’s a reasonable me ask given the requirements of the job. If this need isn’t met it will only push more rich, old, and out-of-touch people into positions of power. A place in congress must remain accessible to the working class.
The 40% raise is literally not true and a quick Google will prove that. Once you've looked this up, I trust you will reconsider your news source.
@@connor4582 This. I hate it when people say we shouldn't pay congresspeople. If we aren't paying them, who is? Elon?
Everyone should save the following script since it will be horriblely common in the coming years. Stay safe everyone.
" At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.".
I really don't get it. We keep cutting rich people's taxes and assistance for the poor, yet the deficit keeps going up. Makes no sense.
Thank you for an honest technical look at Elon's accomplishments and positions. Too many people refuse to acknowledge this.
Great Video 👍.
At first, I believed he had good intentions, but his willingness to shut down the government until Trump returns to office is deeply concerning. Such an action would not only impact those in higher-paying positions but would also severely affect individuals who live paycheck to paycheck, creating widespread hardship.
Thank you for this talk from Sweden . No problem with USA centered.
Have the seen the bumper stickers, "I bought this car before Elon went crazy"? Those aren't return buyers.
I'm not afraid of tarrifs. I would consider it a consumer tax if there is an increase in the cost of a product.
Love the leaking boat analogy!
Nobody is "not going to buy another Tesla because of Elon's views." It's his actions.
Damn Ricky, great live stream.
Tesla is the perfect example of Supply and Demand. There was no demand before Elon now look at it.
You stated it wrong. The Child Cancer bill passed the house previously but was stuck in the senate.
Look, you are an enginner, which means you should know he should not call Twitter X because X is already a thing in the tech world. And what has he done to Twitter? It’s as slow - even slower than before. He’s made it uselss for customer support. If this is a sign of what’s to come out of him, it’s not going to be anything good.
I have not signed onto Twitter for who knows low long already, it’s gotten so slow these days it’s unusable.
To be credible in taxes, we need to know your gross income and how much you pay in taxes. You also must be transparent. I’ve really enjoyed your videos but this makes you sound slimey.
Discerning commentary as usual. Well done. One of the best parts of this whole amazing win by team Donald is watching people lose their minds. TDS, MDS, KDS, it just keeps coming. I find it particularly funny that many felt the country was on a good path with a senile grandpa and a puppet at the helm, just several months ago. Keep up the good work. While I don't always agree with your position or reasoning, I have huge respect for you and your contributions towards helping the place be a better one. Happy Holidays.
Still listening. I think Elon has done a lot of good. I do think he has a lot of yes men around him now and never push back on ideas. Everyone is susceptible to misinformation if that’s what you’re continuously fed. I’m hopeful but also think some of the scrutiny is valid.
Engineers and aircraft technicians are so underappreciated 😢
Congrats on 700k.
Hope PAX river was fun
Elon has influence, not decision authority.
Most of the federal government is a parasite to the we the people.
The problem is look at who he is influencing.
True, Elon has influence, not decision authority. But he also controls X -- which controls too many voters for Trump's future sleep.
"1 in 5 cars is electric." = BULLSH!T.
According to Perplexity A.I. the ratio in the states is 1 in 10 is electric and 1 in 34 for the world even though electric cars are only 10% of all personal automobile sales.
You cannot count on wind and solar. You must have and pay for a system that will work without them. Wind and solar can reduce fuel costs, but all the capx required to run without them must be paid anyway.
Congrats on 700k
Thank you bro, looking forward to coming to your neck of the woods for a visit!
Sure the debt is mostly to investors, BUT, we still have to pay the *interest* on the debt. THAT's the problem. Paying the interest on the debt is a HUGE part of our budget. It'll soon be, if it isn't already, the biggest cost we pay. Bigger than military spending. Bigger than Social Security and Medicare. Money that could go for something better than paying interest.
You want all these social programs, well, we can't afford them anymore because we're using such a huge amount of money *just to pay interest.* And Congress, instead of doing something about it, just keeps spending money like they've discovered an infinite money glitch. It's insanity! The bill *WILL* come due!
as long as interest rates are lower than gdp growth debt has no negatives. The problem in the US is that the money is wasted. most countries use their debt to pay for healthcare or social security but in the US is hard to see where your taxes go and there's a lot of big politicians that want an even smaller government so they make whatever is possible to make the current system inefficient and useless
He is a positive force for good.
Thank you for a common sense take and keeping it centered.
Go, Elon! Thank you, founders, for the First Amendment.
trump might throw elon off the bus, no telling with him but if he doesn’t than Elon will help us get thru another 4 years of hell.
Comparing Elon to Bezos is comparing a star to a rock …
I had to shut it off when the subject turned to the deficit. Every time a Republican starts talking about reducing the deficit after a Democrat instead the deficit just explodes. Every Republican President since Gerald Ford has exploded the deficit.
if you make a course on AI agents, I'd buy it.
National Debt is not the same as personal debt. basic college Econ explains much of this. didn't you have that? This not saying it having the right use of national debt is not important but campariining it as the same as personal is inaccurate and false. Republican economics have driving up debt, stagnated wages and produce a weaker economy since Reagan. Reagan Admin led the policy that made health insurance companies for profit. I don't hear anyone claiming heath care has gotten cheap since that chance, have you?
Only blames Republicans ayy? I have a concrete shoe to sell you because you are not smart! I would even call you names but Goolag would only remove my comment.
The U.S.A would prosper if our government would stop giving other countries so much money! In other words; keep MORE of our money here and stop founding foreign wars and governments! OUR economy needs our money to stay HERE! The U.S citizens don't get any benefit from our tax dollars going to other governments!
Okay. Who do you think builds the new supplies? We do. We get new equipment when we donate our old stuff. I'm just going to stop right there and let you just think about that alone.
The United States is the richest country in the world.
You are not funding the wars .. you are creating them.
Republican House was Incompetent, Least Productive Session in Generations. The CR was Negotiated for months, because no budget was Passed. Passing Simple Stand alone bill Sound Great, Except Civics requires a Floor debate on Each Bill, One Senator can Force the debate. The Congressional system is Very Complex.
Profit motive rewards abhorrent behavior
Elon suggested eliminating tax credits for EVs.
Yes, I think he'll be a positive effect, because he means well; he really means well. Give him a chance. Peace!
Each bill should be one subject only!!!
The Foeterati revolted when Rome cut spending.
Did I miss something? Was that illegal immigrant on any ballot paper?
Elect a poor man to congress, before he retires he will be a multi millionaire. That is not how you protect the public’s interest!
It isn’t the Power/influence you have, it is how it used. I have not seen how Elon has used other than for Good.
Dont be afraid to speak your point of view and keep saying “that’s my bias” if your point of view/bias is backed by facts and close to truths. Its like saying 1+1 is 2, oh that’s my bias. U cant please all of your audience. That being said, who can argue what Elon has accomplished in such a short amount of time. If people cant see his talent and what he has done then ask yourself one question, what have you done today?
When most people give an opinion they reveal they own either a pitch fork or a burning torch... If they were skilled and educated enough, maybe they wouldn't be so easily led, controlled etc.. They don't even know how to research their badly informed info without using media sources, instead they blurt out stuff, thinking they know. This video is a well informed person sharing, If you agree or not, go find out more before you judge. Form your own opinion based on research you found. Otherwise your response to this is just hocuspocus
Billionaire. Yes. But finally intelligence .
Why will cutting taxes for the rich help cut the debt ?
I support Elon 💯 percent
That was in reference to the childhood cancer bill
If AI make extremely large lawful jargons into policy to make is so large and unreadable to the layman why not make an ai to summarise the same into a smaller layman language and make it compulsory for every policy passed to hv these 2 types of representation one large and complex and other a proper summary
As far as taxes go, Elon will pay $11 Billion this year. According to stats, the average tax bill in the US is around $20,000. Therefore, it takes 550,000 people with a median income to equal what Elon pays. I think he pays his fair share.
There are around 1,000 billionaires in the US worth about $5 Trillion combined. It takes 1.8 million people to pay the same amount in taxes. Elon isn’t included in the second calculation. So, 1,001 billionaires pay as much as 2.3 million people.
According to the federal government, the top 1% of US taxpayers pay 40% of the taxes. With 161 million taxpayers the 1.6 million pay 40%, then 159 million people pay the rest. Taxing the rich more just would achieve anything.
👎
A big issue, and it will be interesting to see how Elon handles it, is what happens when a huge portion of the work workforce (expenses) is retired?
Just because your employer pays the less percentage in taxes doesn't mean he's paying less in taxes overall.
Love the idea of a give away for tires. I have a2018 EV
Dude, you're not an economist, and you don't know what the difference is between national debt and personal debt. You're popularizing the notion that national debt is bad which has no basis in fact.
He does care about people. He wants to end wars.
Contributors to X are not beinf canceled, but they are on Bluesky