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Why is it hypocritical to recieve federal investment, only to decide it isn't for you, after which you pay them back? And why is it hypocritical to have the gov
by dirktheman 13y ago
Why is it hypocritical to recieve federal investment, only to decide it isn't for you, after which you pay them back? And why is it hypocritical to have the government as your main client for an entirely different company (SpaceX)?
Barry Ritholtz (the author of the piece) is also the author of Bailout Nation, a book about the financial crisis that I really enjoyed reading. To project his feelings about investment bankers on Elon Musk is taking it one step too far, in my opinion. Calling him hypocritical for criticizing the government while receiving tax breaks? If that's the case, the vast majority of people living in any free country are hypocritical, too.
- kd0amg 13y agoWhy is it hypocritical to recieve federal investment, only to decide it isn't for you The article seems to be suggesting Musk decided government loans to promote alternative energy was a bad idea in general, not that it was just a bad idea for Tesla to take such a loan. The article doesn't say whether he's made any actual statement to that effect though.