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I'm against all sorts of taxes and tax breaks. It works both ways, though. While some may call me hypocritical for accepting a write-off that I oppose, at the
by LanceH 13y ago
I'm against all sorts of taxes and tax breaks. It works both ways, though.
While some may call me hypocritical for accepting a write-off that I oppose, at the same time I pay the taxes that I disagree with. This makes me (and Musk) law abiding.
The government has loans for certain types of activity. He took the loans because they were the lowest cost for the capital. It is possible to take those loans and be against them at the same time.
The real problem is that the government is giving out loans that are practically unsecured, usually to connected individuals. Musk actually has a car company producing cars. Yes, he could have sought private financing, but the government underbid that financing and he took government loans. It's hardly rent seeking.