6 ms·

Alternately, is it possible that he runs companies in industries that are subject to heavy regulation, is ideologically opposed to regulation (to the point that

Alternately, is it possible that he runs companies in industries that are subject to heavy regulation, is ideologically opposed to regulation (to the point that his companies consistently shirk regulatory requirements at every opportunity), and owns his own giant propaganda broadcast network?

ncr100 3y ago
And he as a billionaire lives in a tax favorable nation for him, where federal agencies don't receive proper funding in part due to low taxes on people with wealth like him, resulting in lower funding for legally required regulation of his own industries?
- edgyquant 3y ago
  > where federal agencies don't receive proper funding in part due to low taxes on people with wealth like him Hilarious considering how much tax revenue the US Government has.
  - Zigurd 3y ago
    Name checks out
  - AnimalMuppet 3y ago
    Irrelevant. However much revenue it has, its expenses are higher. People want it to do more than they are willing to pay for. So, here's Musk, proposing that they government do even more - hire more people. There are three options: Find something else to cut, raise more revenue, or run a larger deficit. Musk's lack of taxes is directly relevant.
    - Gud 3y ago
      Wouldn't running the nations industry more efficiently, in this case less waiting time for the bureaucracy, increase the nations revenue? It seems to me SpaceX has the potential to be a trillion dollar company.
      - kouru225 3y ago
        Maybe but one single disaster due to failure to comply with regulations would more than wipe out that increase in revenue. We see this time and time again. The recent train derailment in Ohio is a great example of this.
- jauntywundrkind 3y ago
  And is reported to be using low-regulation states to get favorable/low regulation; for for example asking Kingdom of Tonga to approve of more than doubling the total number of satellites in orbit. https://www.spaceintelreport.com/spacex-files-29988-satellite-w-band-network-using-kingdom-of-tonga-as-regulatory-home/ https://www.spaceintelreport.com/spacex-files-29988-satellit...

ncr100 3y ago

And he as a billionaire lives in a tax favorable nation for him, where federal agencies don't receive proper funding in part due to low taxes on people with wealth like him, resulting in lower funding for legally required regulation of his own industries?

edgyquant 3y ago
> where federal agencies don't receive proper funding in part due to low taxes on people with wealth like him Hilarious considering how much tax revenue the US Government has.
- Zigurd 3y ago
  Name checks out
- AnimalMuppet 3y ago
  Irrelevant. However much revenue it has, its expenses are higher. People want it to do more than they are willing to pay for. So, here's Musk, proposing that they government do even more - hire more people. There are three options: Find something else to cut, raise more revenue, or run a larger deficit. Musk's lack of taxes is directly relevant.
  - Gud 3y ago
    Wouldn't running the nations industry more efficiently, in this case less waiting time for the bureaucracy, increase the nations revenue? It seems to me SpaceX has the potential to be a trillion dollar company.
    - kouru225 3y ago
      Maybe but one single disaster due to failure to comply with regulations would more than wipe out that increase in revenue. We see this time and time again. The recent train derailment in Ohio is a great example of this.
jauntywundrkind 3y ago
And is reported to be using low-regulation states to get favorable/low regulation; for for example asking Kingdom of Tonga to approve of more than doubling the total number of satellites in orbit. https://www.spaceintelreport.com/spacex-files-29988-satellite-w-band-network-using-kingdom-of-tonga-as-regulatory-home/ https://www.spaceintelreport.com/spacex-files-29988-satellit...