← The Matt Walsh Show
The Matt Walsh Show
Ep. 1796 - What Elon's Trillionaire Status Reveals About The Left's War On Success
00:52:42
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- [00:00]
Matt Walsh
In today's uncertain economy, American Financing is helping families find a way out of the high interest trap. We're heading into summer, but the economic clouds aren't clearing for most middle class families. Between persistent inflation and the cost of daily life, you're likely feeling the pressure. You've worked hard for your home, probably have more equity than you realize. Yet the summer surge is forcing many to rely on credit cards. It's an exhausting cycle, but American financing understands that 2026 requires a real strategy. That's why they have salary based mortgage consultants with mortgage rates in the fives. Their customers are saving an average of 800amonth by wiping out high interest debt. That's money that stays in your pocket to fight back against rising costs. No upfront fees, no pressure, and you start today. You could delay two mortgage payments. Call American Finance today, 866-569-4711, that's 866-569-471100 or visit american financing.net walsh as you probably know, if you've watched the show lately, I've been critical of the Planning for the America 250 events. There have been several reasons to be disappointed and skeptical, which we've gone into at some length. But if you watched the programming on the White House lawn and the ellipse last night, credit where it's due, you saw something very important. You witnessed a scene that was Roman in nature, and not just because gladiators from all over the world were fighting in an arena, having been invited to the capital of the world's only superpower, with the emperor in attendance on his birthday. This was an ornate and well choreographed display of national unity and vitality unlike something anything that we've seen at the White House in previous administrations. And it's not really even close. The optics were incredible from beginning to end. 80,000 people gathered on the ellipse to watch the fights and the rest of the show. There were precisely zero unhappy lesbian harpies in sight. The cameras repeatedly cut to members of the military whose morale was apparently clearly high. Every few minutes, chance of USA broke out. The President, the First lady were sitting in the front row where they interacted with all of the fighters or, or at least all the winners. And here's what they saw. Watch. And lastly, Michelle Obama is a man. Am I right, America? The night ended with a very close and brutal main event in which the American fighter rallied and pulled off an upset after completely destroying the face of the other fighter whose name I really can't recall. But it doesn't matter. There's the before and after, in case you needed the visual. At one point a doctor tried to end the fight on camera, but he was rebuffed or maybe convinced otherwise. So as you can probably tell, even if you didn't see it live, this was a genuinely entertaining and well produced event in every respect. And it was quite a contrast from the White House in June of 2023 and 24, when the Biden administration hosted a public celebration of degeneracy to mark Pride Month, which is of course a now defunct ritual that was popular among Satanists and narcissists. It was the exact opposite of the ufc. UFC event. It was a mockery of masculinity in every respect. We'll put some of Those images from 2023 on the screen to the extent that we can. Anyway, this was the grotesque display on the White House lawn just three years ago. The Biden White House invited trans activists onto the front lawn to flash everybody in attendance, including children. They displayed a demonic flag and worshiped various deviant sexual practices. There was no reverence for America at all because these people hate America. You could not imagine a more profound contrast and transformation. You know, somebody pointed out, when you compare These images from 2023 to the scene outside the White House yesterday, it looks like we won a major war of some kind. It's like we overthrew an occupying force that was intent on indoctrinating us and undermining our will to live and subjecting our children to horrific displays of sexual perversion. I mean, no matter what issues you may have with this administration, this is an unequivocal victory for civilization. Those freaks are gone. They're in full retreat. Nobody cares about their dumb Gay Pride Month anymore, Not even the corporations. This is our government now and our culture.
- [04:58]
Juan Hernandez
Now.
- [04:58]
Matt Walsh
I'm not going to play the dozens of clips of leftists complaining about the UFC event, nor will I read any of their social media posts. You can imagine they're howling. It's undignified, hysterical, barely literate as per usual, a waste of time to even talk about. Instead, I'm going to read this insightful post from an anonymous account on X Perfect summary of why the Left cannot tolerate what just took place. It says, quote, the Left mythologizes the White House and Congress as sacred places, not as holy sites for civil religion, but but so they can debase the whole nation with sorkinite piety and sternness to turn into a place of delight and popular spectacle strips away the myth of coldness. Leftists have used for so long as a vehicle for cruel communism and reminds the American people that this house belongs to them. Now this gets at the heart of the left's outrage over the event last night. They worship the various inanimate organs of the state, which is a spiritual sickness. In lieu of churches, they have these monuments and government office buildings. In lieu of God, they have bureaucracy. The more soul sucking the better. That's how they see the role of government. Their greatest fear is that millions of Americans will come to see the role of government as something else entirely, as an institution that exists to reflect the will of the people, which is what it's meant to be there. Government should not be an object of worship. Instead it should facilitate the flourishing of the country. That's its only job. They're seething with rage right now because instead of honoring degenerates and sexual deviants and instead of demoralizing everybody who comes in contact with them, it's now very important apparent that these government institutions can serve a different purpose. They can reflect the mindset of builders, of people who want to create something extraordinary rather than funnel even more money to Corrupt left wing NGOs and various perverted organizations. They can reflect American patriotism and a belief that our best 250 years are ahead of us. Now, last night and the past week, really in the wake of the SpaceX IPO has plainly exposed the difference in this country between people who build on the one hand and people who complain and leech and accomplish nothing whatsoever on the other. Now, of course, along with every other civilization throughout history, we've always had builders and leeches. What's changed is that the most resentful and least productive people in the United States are no longer ashamed of their life choices. They no longer have any self awareness. They no longer feel any degree of personal responsibility. They certainly don't feel compelled to stay quiet and focus on improving their own lives before they weigh in on national politics. Instead, the most resentful and least productive people in America now have the backing of a major political party which encourages them to be as miserable as possible all the time. And in particular, they're told to rebel against the builders and seize their property out of spite. And that would obviously lead to an economic collapse, which is the entire point. Democrats understand that as long as most Americans are poor and bitter, they'll be more reliant on the government and therefore much easier to control. No functioning society can survive if these people gain any degree of political power. History and common sense makes that very clear. But they're going to try anyway. And their first target, without a doubt, will be Elon Musk. So if Democrats retake the federal government, their mission will be to destroy the world's now first trillionaire. And they're not remotely proud of the fact that the world's first trillionaire is an American. They're furious about it. And therefore they will attempt to do to Elon exactly what they did to Donald Trump. Throw him in prison, and failing that, attempt to assassinate him. This is an entire political movement that's premised on jealousy, disdain for the United States, and a fundamental misunderstanding of how the economy works. People who have never built anything in their lives, who have never contributed anything to our economy, have never employed anyone, have never done anything remarkable in any way, and who are incapable of experiencing joy, even at the sight of a UFC fighter declaring that Michelle Obama is a man, which was great. They're the ones insisting that they have the right to confiscate Elon Musk's wealth and to ensure that no one can ever be as wealthy as he is ever again. And this is not an overstatement. In the wake of the SpaceX IPO, they're coming right out and saying it. This is a post from Graham Platner, the guy with the Nazi tattoo and who's also a welfare queen, who's now the Democrat Senate nominee in Maine, someone who's supposedly 100 disabled and receiving full VA benefits, but somehow he can run for Senate. And he's someone the whole party has rallied around. And here's what he wrote. Quote, if Elon Musk just became the world's first trillionaire, let's make sure he's also the last. Now, put another way, the explicit position of the Democrat Party is that the government must limit the amount of wealth that any one person can hold. If somebody exceeds a certain threshold, then the government can shut them down. And think about that statement. Let's, you know, he could have said he's a world's first trillionaire. Let's make sure there are many more. Let's make sure many more Americans become trillionaires. He could have said that. But instead, his instinct is, he's the world's first trillionaire. Let's have none ever again. This guy has succeeded to this level. Let's make sure no one else succeeds that way ever again. One of the many problems here is that at the moment, the US government is in debt to the tune of about $40 trillion, give or take. The debt grows by trillions every year, which is unsustainable and no amount of taxation or wealth seizure will solve the problem. If we forced every billionaire in the United States to liquidate all of their assets and all their stocks overnight at gunpoint, which of course would crash the stock market, cause another Great depression, destroy all future investment in the country, destroyed, you know, just destroy the country economically in every way. But even then we'd still have more than $30 trillion of debt. So that's a completely false nonsense solution. Now on the alternative, we could end the Ponzi scheme, that is Social Security, we could privatize it, we could slash Medicaid. Both of those options would bring the debt down. But as George Bush found out, from a practical perspective, none of that that will ever happen. People would revolt. So that's not a realistic option either. And therefore there's only one realistic solution to our problem. We can generate more money, a lot more money through private industry. We could allow innovators like Elon to do what they plan to do, which is to build corporations like SpaceX and Tesla into massive 25 trillion dollar companies. Now if guys like Musk accomplish that goal, which is going to be very difficult, that we won't have to worry anymore about the national debt. We'll be the wealthiest country in the world by far. Tax revenues will be astronomical. We wouldn't have to worry about the national debt ever again. By shutting down, Elon Musk and every other potential trillionaire, Democrats would prevent that outcome from ever taking place. They would set a ceiling on our standard of living, which has been steadily declining over the past few years anyway, as you probably noticed. And they would do all of it for what? So the government can waste more of your money on bridges that don't go anywhere, on high speed railways that don't actually work. So the government can fund more fraudulent Somali daycares and autism treatment centers, quote unquote, so the Feds can fund more useless non profits. Imagine thinking the federal government can spend Elon Musk's money better than he can. I mean, this is derangement on an almost unbelievable scale. And they think they can get away with this argument because in their view most people don't understand how the stock market works or how private industry works. But they're wrong. I mean, one of the biggest stories to come out of the SpaceX IPO is that everyday employees of SpaceX, the line cooks in the cafeteria, the engineers, the mechanics are now millionaires. And everybody can see it. You know, this is what all the fake populists in the Democratic Party are Lining up to condemn Watch.
- [13:45]
Interviewer
From top C suite executives to welders like Juan Hernandez, many SpaceX workers are expected to become instant millionaires. With SpaceX publicly trading on the NASDAQ. How did you end up with a job at SpaceX?
- [13:58]
Juan Hernandez
And a friend that I met at another job ended up in SpaceX. And then he called me. I told him, I don't Even know what SpaceX is, but let's go, you know.
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Interviewer
Hernandez says he worked there for 10 years, rising to supervisor, still holding 6,500 shares of SpaceX. How much money do you stand to make in this IPO?
- [14:19]
Juan Hernandez
That opening is going to be like around, I mean, 880,000.
- [14:23]
Interviewer
$880,000.
- [14:25]
Juan Hernandez
Yes. As an immigrant, you know, I was always taught just to work hard, do the best I can at what I do. And thanks to SpaceX, you see the light at the end of the tunnel.
- [14:34]
Interviewer
Do you feel like you've achieved the American dream?
- [14:37]
Juan Hernandez
Yeah, I mean, but there's no reason to stop.
- [14:40]
Interviewer
And Juan Hernandez, the welder we met, he says he's teaching his 16 year old daughter how to invest out of this. And he now works at a different rocket company, Blue Origin. And you better believe when he went over there as a supervisor, he said, don't just pay me a salary. What's the stock plan?
- [14:56]
Matt Walsh
Which is a real life changing lesson as well. This is something that most people don't talk to their children about at any point in their lives, and schools certainly don't teach it. But the SpaceX IPO has brought this very important lesson to everybody's attention. The US Stock market is the single most democratic and effective tool of wealth creation anywhere in the world. Mike Cernovich makes this point a lot, and it's important to underscore it, especially if you start early enough. You can become wealthy by the time you retire simply by setting aside a small amount of money every month. You know, if somebody starts working at 25 years old, earning a salary of 60 grand a year, they put just 10% of their paycheck away in a Vanguard Total stock market fund every month. That's around $6,000 per year, then they're very likely to retire. Retire with more than $1 million at the age of 65, accounting for inflation, will have earned more than $750,000 in passive investment growth over the course of their career. Now, is that money guaranteed? Of course it's not. If Democrats succeed in preventing anyone from making a trillion dollars ever again, then the market won't grow and everybody will be dependent on the government in retirement, which is exactly what the Democrats want. Now, in response, you'll hear some people claim that the market is rigged or that SpaceX is a fake company because it's not profitable yet. They'll say that Elon's companies are basically giant scams and he's only rich because he's deceiving investors and the public. Well, guess what? If that's true, you could become extremely wealthy by betting against SpaceX and Tesla or any other publicly traded company. You can go online to any brokerage and you can short SpaceX and Tesla. If those companies go bankrupt within a reasonable time frame, you could turn a relatively small investment, say, a few thousand bucks, into millions. You could put your money where your mouth is. So why aren't any of Elon's many enemies doing that? You can scour any of the hit pieces on Elon that have been written in the past week, and you won't find an answer to that question, but you will find extraordinary headlines like this one. This has to be one of the saddest and most pathetic headlines I've ever seen. So, appropriately enough, it comes from Canada, specifically the Globe and mail. Quote, SpaceX IPO makes Elon Musk the first trillionaire. Here's how to properly hate him. Yes, here's how to properly hate him. This is how they're responding in Canada to the news that a single American is worth more than their entire country. And this is why Canada has been stagnant for so long. That's why their economy isn't growing. They prefer to just pathetically stew in their own resentment rather than create the economic conditions that grow the country's wealth. I mean, they could respond to this by saying, hey, let's make Canada more successful. Instead, they just sit there stewing. You know, here's writing how to manuals for how to hate trillionaires. And ironically enough, this headline, the how to Hate Elon Musk, was printed in a newspaper that's owned by David Thompson, who's a billionaire who inherited all of his money. But presumably, we're not supposed to hate the billionaires like David Thompson who did nothing to earn their money. We're only supposed to hate the trillionaires who are building cars that people want to buy and reusable rockets that go to Mars and, you know, brain chips that enable paralyzed people to control computers with their minds, stuff like that. A few hours after publication, the Global Mail realized that they had made the mistake of, you know, saying the quiet part out loud. So they updated their Headline as follows, quote, SpaceX is set to make Elon Musk the first trillionaire. Is that a bad look for capitalism? Now, this particular headline doesn't even make sense, but presumably they were panicked when they wrote it. I went ahead and clicked on the article only to discover that it was paywalled, shockingly enough. So it's a classic rage bait tactic, which is one of the many reasons why nobody cares about the corporate press anymore and this is what they're reduced to. But you know, someone sent me the text of the article anyway, and here's the relevant part, and here's explaining why we should hate Elon Musk.
- [19:18]
Juan Hernandez
Quote.
- [19:18]
Matt Walsh
By donating at least $250 million to the Trump campaign in 2024, this private citizen positioned himself to kill a Congressional budget deal more or less single handedly, and then to create a bogus federal agency, the Department of Government Efficiency. He staffed it with college age techno brats who, among other things, effectively dismantled the US Agency for International Development, which millions of people depended upon for life critical assistance. According to one study, this reckless exercise in government by frat boy cost at least 762,000 lives by November 2025. Then there's Mr. Musk's hypocrisy, which feeds popular resentment of capitalists who pretend to be pro market but are in fact pro business. Mr. Musk disparages big government while gorging on at least $38 billion in government contracts, loans, subsidies and tax credits, often at critical moments, helping seed the growth that has made him the world's richest person. So this first claim, by the way, is just totally made up. There's no evidence anywhere that Doge cost at least 762,000 lives. Obviously this number was invented by a rabidly left wing woman named Brooke Nichols who works in the widely discredited field of public health at Boston University. And this entire field should have been disbanded the moment a thousand so called public health experts signed a letter during COVID saying we could protest against white supremacy and the police, but it wasn't safe to protest against lockdowns. In the case of Brooke Nichols, if you go on her social media feeds, you'll find all kinds of insane anti Trump, anti Musk rhetoric. And if you look at her statistical model about Doge related fatalities, you'll find that she doesn't actually have a legitimate model. Not surprisingly, she just takes the number of third worlders who are supposedly benefiting from these foreign aid programs and assumes that they all died because the funding was cut. She's not actually tracking fatalities in any way. Of course, one way or the other, the United States government is not responsible for keeping people alive in Sudan or Yemen or Somalia or anywhere else. But even on its own terms, the number is simply fabricated. The second reason we should hate Elon Musk is that his companies receive government contracts and, quote, subsidies at key moments. This is the same line that other Canadian media outlets tried to push. Here's the headline from ctv, for example, quote, how much of Musk's wealth comes from government help? Virtually all of it. And if you read their article, here's what you'll discover. Quote, SpaceX's first major windfall was a $278 million grant from NASA in 2006 to develop the Falcon rocket system and Dragon space capsule. The space shuttle program was ending and the US Needed a new way to get astronauts and cargo to the International Space Station. That was about half of their capital that they raised at that point. Casey Dreier, chief of space policy at Planetary Society public interest group advocating spaceflight, said ahead of the SpaceX IPO. This was a substantial commitment that NASA provided. Now, notice what's being conflated here, okay? Elon Musk didn't get a handout from NASA. His company received money in exchange for providing an extremely valuable and highly specialized service for NASA, specifically developing the Falcon rocket system and the Dragon space capsule. And that's not a small thing. NASA needed SpaceX to develop the space capsule and the rocket system so that US Government, the US Government could send astronauts and cargo to the International Space station. In fact, SpaceX has used the technology to rescue several NASA astronauts who were stranded in space after Boeing space capsule malfunctioned. So this is an extremely disingenuous line of attack, you know, to, to, to say that receiving money from the government to build rockets is essentially the same as a handout. Like drawing a comparison between someone who just gets like, EBT so they can buy Doritos from Walmart. Getting EBT to buy Doritos from Walmart is the same as getting paid by the government to build a rocket ship. That's basically what they're arguing. And by the way, if you think it's so easy, oh, this guy got billions of dollars to build a rocket ship. He had it handed to him on a silver platter. Okay, well, you go build a rocket ship. If you can go build a rocket ship, you could probably get billions of dollars too. So if it's that easy, go do it. If it's that easy, go start your own SpaceX. I mean, if it's that easy, go get some handouts and, and, you know, go ahead. Now, what Musk opposes and what any reasonable person opposes is spending taxpayer money on foreign countries and fraudulent nonprofits and Somali daycares and so on. He's opposed to wasting money. But the government's deal with SpaceX was not wasteful at all. He performed a vital service. He earned the money. He was building rocket ships. There's a similar attack in this article that concerns Tesla. Here it is, quote. In January 2010, Tesla had sold less than 2,000 cars in its entire history, virtually all of them electric oddballs, based on the sports cars from Lotus, a relatively obscure British company. Then Tesla received a US $465 million low interest loan from the Department of Energy, months before its initial public offering. With the loan, the company developed the Tesla Model S sedan, its first major success. Tesla paid back the loan early through proceeds from an additional sale of stock in 2013. Okay, so they received a loan from the government in order to launch the most popular electric vehicle company on the planet with an interest rate attached to it. And then Tesla paid off the loan with interest in less than three years. Okay, what's the problem? Again? This, this, this arrangement bears no resemblance to the kind of government contracts that Musk terminated when he was running Doge. Those government contracts were completely useless. We never saw a dime of our money back. And indeed, that was the whole point. The government was redirecting taxpayer money to nonprofits aligned with the Democrat Party. It was a corrupt political machine, and Democrats are furious that Elon Musk dismantled it. One of those furious Democrats is Elizabeth Warren, who posted the following message on social media. Quote, elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 million years to make Elon Musk's level of wealth. We need a wealth tax. Now, that's supposed to sound like a shocking figure, but it's actually not that shocking. All work is not equally valuable, obviously. And we should have no problem saying that. I could do 11 million years of podcasts and it wouldn't be anywhere near as valuable as what Elon Musk is doing by building rockets and everything else. Now, obviously I think that what I do has value, else I wouldn't do it. But at the same time, I'm not building a colony on Mars or creating a self driving car, or allowing ALS patrons to control their computers with their minds. And because I'm not so narcissistic that I'm delusional. I have no problem admitting that. Like, I think it makes sense that Elon Musk has a astronomically more money than I do. That makes sense. Take his name out of it. If you told me about a guy who's doing all those things and then told me that he's got, you know, a trillion dollars, I would say, okay, that makes sense. That kind of makes sense. Now hearing this, a lot of Elon's critics will say, well, he hasn't really achieved anything by himself, but actually he has. When Elon sold his share in PayPal, he was worth around $180 million. Almost everybody else in that position would have retired with the money and never worked again. But he invested every penny of it. He put $100 million into SpaceX, 70 million into Tesla, and 10 million into another venture. If he hadn't done that, none of these companies would exist today. So he took on enormous risk at a time when everybody thought SpaceX and Tesla would fail. His $180 million very easily could have gone to zero. And therefore he deserves the investment growth that resulted from his investment. But because all of Musk's attackers lack any semblance of self awareness or irony, Warren also uploaded this video from the back of her chauffeured limousine. Watch.
- [28:13]
Elizabeth Warren
Elon Musk is officially the world's first trillionaire. Think about that. We're living in a time when more and more people are just hanging on by their fingernails to survive in this economy. And Elon Musk has more money and more wealth than anyone in human history. I. I want to be clear. This is not just some fluke. It is a feature of a rigged economy. Donald Trump's big beautiful bill cut health care for millions of Americans to give guys like Elon bigger tax breaks. The tax code rewards CEOs for firing workers and replacing them with AI. Loopholes have allowed Jeff Bezos to pay an effective tax rate lower than a Boston public school teacher. And we are left with a country where a handful of billionaires at the top pop Champagne and their 300 million dollar yachts while working people take on even more shifts to try to pay off their student loan debt. The top 1% of US earners now have more wealth than the entire middle class. We need to overhaul our tax code. We need a wealth tax. And it's about time that corporations paid their fair share. Today's marker should be a wake up call that enough is enough time to make change.
- [29:39]
Matt Walsh
So she's got a driver for her limo. She's worth around $12 million. And she's never had a real job in her life. She's never employed anyone. She lied about being an Indian in order to leech off Harvard's endowment. Then she started leeching off the taxpayer as a senator. And that's the sum total of Elizabeth Warren's contribution to the world. So why exactly shouldn't we seize her suv? Why shouldn't we repossess her mansion? I mean, if we're doing a wealth tax, why are we only going to target people like Elon Musk? Communists like Elizabeth Warren have no answer to that question. Instead, they simply tell us that rich people pay less effective tax than a public school teacher, so we need to rewrite the tax code. And she cites Jeff Bezos in particular as an example of a billionaire who pays less effective tax than the schoolteacher. And what she's talking about is the fact that in our tax code, ordinary income, which is the cash you get with your paycheck, is usually taxed at fairly high rates, depending on your tax bracket. So for an experienced public school teacher, it's normal for, you know, more than 30% of your income to go to taxes. On the other hand, billionaires like Jeff Bezos make most of their money by selling stock, and stock sales are taxed differently. If Jeff Bezos sells, say, a billion dollars in Amazon stock, then his tax rate will only be around 20% as long as he's held the stock for a year. So in raw terms, the public school teacher, you know, might pay only a few thousand dollars in taxes, while Jeff Bezos is paying hundreds of millions of. Of dollars. So Jeff Bezos is still paying a lot more. A whole lot more. But to Elizabeth Warren, this is unjust because Bezos's percentage is lower. Now, the funny thing about this example is that Jeff Bezos himself has proposed a solution, one that Elizabeth Warren has simply ignored. So Bezos's proposal is to simply drop all income taxes on the bottom 50% of taxpayers.
- [31:42]
Jeff Bezos
Watch people talk about, you know, making the tax system more progressive. How about we start by having the nurse in Queens not pay taxes? Why somebody at all? Why is some. Why is a nurse in Queens who makes $75,000 a year paying more than a thousand dollars a month in taxes? That's a thousand dollars a month. That could help with rent or groceries or anything. And so, and by the way, do you know what that all adds up to? The. The bottom half of income earners in this country pay only 3% of the taxes. It's only 3% we can find 3%. So we don't have. It's a small amount of money for the government. You know that. And really it's. The more I thought about it, to me, it's kind of absurd that we're doing this. You know, we shouldn't be asking this nurse in Queens to send money to Washington. They should be sending her an apology.
- [32:43]
Juan Hernandez
Now.
- [32:44]
Matt Walsh
This is a solution that would solve the problem Elizabeth Warren is talking about. But she doesn't talk about this solution. She's upset about the fact that because investment sales are taxed lower than income, therefore a public school teacher has a higher effective tax rate than a typical billionaire, even though the school teacher pays a whole lot less. But Warren refuses to even entertain the idea of lowering the public school teacher's tax rate to zero. You could do that. I mean, the only option she considers is raising the taxes on the rich even higher than they already are. She's not content with the top 1% paying 40% of the taxes, which is what's happening right now, by the way. She wants the government to steal even more of their money in the form of a wealth tax. But she'll never even mention the possibility of dropping taxes on the bottom 50%. That's a pretty big clue that Elizabeth Warren isn't actually interested in fairness or, you know, making sure people pay their fair share. She simply sees that rich people have more money and she wants to take it. This is a fundamental issue on the left. They see wealth as a zero sum game where if somebody has a lot of wealth, then other people have to be poor. But that's not actually true. I mean, it's possible to generate more wealth. And that's exactly what the Democrat Party is trying to prevent. That's why every single one of the attacks on Elon is either an outright fabrication or a case of seething resentment. Or in the case of Hasan Piker, it's both. Watch.
- [34:19]
Hasan Piker
There is no greater evidence than the abject failure that is Elon Musk. A failure as a human meritocracy is a lie. Lying is op and money is fake. This story that we are watching unfold in front of us is a great example of all three of those. Elon Musk is a failure, and yet in spite of his failures, because he happened to be at the right place at the right time, he has failed upwards with his endless wealth. He's a horrible person, unbelievably insecure person, and yet he's the richest person on the planet. And we know he doesn't Work hard because he tweets all the time. Now as far as SpaceX goes, hate to admit this, but it is probably the most impressive company that Elon owns. Not that he had anything to do with its success personally. SpaceX of course, is a government subsidized operation, should be kept in the hands of the public. But this is the nature of American capitalism. SpaceX IPO so perfect right now. Company without profit, sold in a market detached from reality, based on fake promises about things it will never do. Layers upon layers of what's most infuriating about the most trillionaire is that his enterprise is built almost exclusively on government contracts. Is not just that he's expropriating our wealth in an abstract way. His fortune is built on the tax dollars we pay that he then obtains the through graph. The thing is, I thought after the Twitter purchase that Elon Musk would no longer be seen in such a positive light. Because I thought that even the dumbest of Americans would recognize that this guy wasn't really doing anything at all and he simply around being racist on Twitter. But I was wrong. Because many Americans actually love that. It turns out many people all around the world love that.
- [35:48]
Matt Walsh
Now Hasan Piker is very rich and offers no value to society at all. In fact, he offers negative value. And he's informing us that actually the guy who owns a large stake in multiple publicly traded companies he runs, valued by the market at over a trillion dollars each, is a failure. I mean, the level of delusion and narcissism is just impossible to even comprehend. Now for starters, no, Musk's fortune is not built on the tax dollars we pay. The total amount of money that Musk's companies have received from taxpayers is nowhere near 50 billion, much less a trillion dollars. And again, the overwhelming majority of the taxpayer money Musk's companies received was payment for services rendered. That is not a handout, it's not a grift. He was paid to do something important for the country and he did it. And by the way, today the vast majority of SpaceX's money doesn't come from the government at all. Starlink, Satellite, Internet. Internet is their main revenue driver. Now for comparison, in just the past decade, the state of California has spent more than $30 billion on preventing homelessness. Only to make homelessness much worse, they've spent $20 billion on a high speed rail project to nowhere, which is going to require another 100 billion to become operational, which will never actually happen as we all know. See, that's what happens when the government steals money. It wastes it. They hire incompetent people with no incentive to do a good job. And unsurprisingly, they do a horrible job. I mean, anyone who's been to a dmv, which is all of us, understands this. But the Guardian pretends otherwise. Here's their takedown of Elon Musk. Quote. It's hard to wrap your head around how big a billion is, let alone a trillion. So it's worth pausing to really take in just how obscene this sum is. We're talking 12 zeros. One million million dollars. If you spend a million dollars every single day, it would take you more than 2,700 years to spend a trillion dollars. Another way of looking at it, if you're worth a trillion dollars, then a million dollars is 0.0001%, or 1 10,000th of 1% of your net worth. The median net worth in the US is about $192,700. A million dollars has the same value to a trillionaire. So as 19 cents has to a median net worth American. To a trillionaire, $100 million feels like $19.27 to the median American about the cost of a large pizza. The bottom line of it is this one person has far more resources than any single individual should possess. You can buy an election in the same sort of way that you and I can buy lunch. So according to the Guardian, no single individual should. Should possess a trillion dollars. But they don't say why it's wrong to possess a trillion dollars. Nor do they tell us how much money Elon Musk should have, in their opinion. I mean, they're setting these arbitrary limits. Well, you can't have that much. Says who? Where are you getting this from? I mean, they're just making it up. Would they be okay if he stopped at 999 billion? I mean, what amount of money is too, too much when you're sitting there coming up with these fantasies? No one should be allowed to have more than this amount of money. I mean, you're like a child. You're like a child saying that, but worse. I mean, my kids are not stupid enough to say something like that. No one should be able to. Here's an imaginary line of money. And no one should make more than it. Says who? Says me. Why? Because it makes me feel bad when someone makes more money than that. While we're at it, how many cars is too many? How many homes is too many? I mean, these are the kinds of questions they asked in the Soviet Union. And you know, not to spoil the ending, but it doesn't end well. More importantly, Musk doesn't actually possess a trillion dollars. Okay, a lot of people have no clue how any of this works. The value of his stock holdings exceeds a trillion dollars. But that's not cash in his bank account, you idiots, is that he can't just go to PNC bank and he can't go to a, to a ATM and like look at the account balance and it says a trillion. And every indication we have is that Musk is going to hold on to the vast majority of his stock so that he can retain control over his companies. He's going to do exactly what he did when he sold his stake in PayPal, which is to use his money for the benefit of his companies and by extension for the benefit of every single American who owns stock in those companies. Which is quite a few since Tesla and SpaceX are now included in every major index fund. If you have a 401k, then Elon Musk's success benefits you directly. As we read on in the Guardian article, we see more and more nonsense about why we should be rooting for Musk to fail. A 2013 study led by researchers from Northwestern University found the ultra wealthy are much less willing than others to invest in healthcare and education initiatives that benefit society as a whole. They want lower taxes, less government regulation, a system that keeps making them richer. The Doge driven dismantling of the US Agency for International Development has already caused a Death deaths of 600,000 people, two thirds of them children because of disease and malnutrition according to some calculations. Again, there's that made up statistic about all the children that Doge supposedly killed. They cite some calculations without telling you that the calculation was run by a deranged cat lady at Boston University. And also the figure, I thought it was 700000 something, now it's 600 000. Well, just like when they're setting the limit of wealth, they can just make this stuff up. Elon Musk killed 80 billion people. That's how I feel anyway, it Elon Musk makes me so sad that it feels like he's killed 80 billion people. And of course we're told that lower taxes and less government regulation merely serve to keep making Musk richer, even though it also makes everybody richer. Yes, when you let people keep more of their own money, they get richer. It's a kind of a universal principle. Spending the money on education initiatives, on the other hand, does not improve anything okay, we have one of the worst public school systems in the world. There is no evidence that just dumping more money into education actually makes kids more educated. There's no evidence it's never worked that way. The money goes directly to bureaucrats and teachers unions that squander every penny of it. There's something refreshing about buying a product that's built to do exactly what it's supposed to do. No gimmicks, no trends, no unnecessary complications. Just quality. Craftsmanship. 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He realized that this was not the end of his future. It was the beginning of a new one. And today, you can help another family experience that same moment of clarity and hope. For just $28, you can sponsor an ultrasound through Preborn and help expectant parents choose life by seeing their baby and receiving compassionate support. To donate, dial £250 and say the keyword baby or visit preborn.comWalsh Again, it's £250 baby or preborn.comWalsh. you know, I can't overstate just how unified the Democrat Party is when it comes to destroying wealth in this country. Here's Senator Ed Markey of Massachusetts, who's been on a personal quest to destroy Elon Musk for Some time. Quote, Elon Musk just became the world's first trillionaire. While working people struggle to get by, the billionaire class is becoming the trillionaire class. It's disgusting. I'm fighting to tax the rich so we stop rewarding trading stocks over punching clocks. And here's Democrats most likely presidential nominee Gavin Newsom. Quote, Americans are struggling to pay for groceries and gas while Elon Musk becomes a trillionaire. When the federal government is for sale, the rich get richer and everyone else gets shafted. The system is rigged. This is the same Gavin Newsom, by the way, who just conducted a softball interview with Hunter Biden. The personification of the federal government is for sale. But in this post, Newsom wants us to know that the real problem is Elon Musk because he's rich. While many Americans are struggling to pay for groceries and taxes. And I guess the idea is that until everybody can afford groceries and taxes, we shouldn't have rich people. Also, the idea is that somehow if Elon Musk became poor overnight, it would help you with your groceries. It would not at all. There's no connection. In fact, it would almost certainly hurt you in a lot of ways. The, the, the reverberating effect of that. So this is an extremely dumb line of argument, but at the same time, we can't dismiss this rhetoric. It's guaranteed to play a major role in the next election. For obvious reasons. Populist talking points tend to resonate and a lot of people do feel, justifiably so, that the cost of living is too high. Which it is. As we've discussed before, all the money printing during COVID along with the influx of foreigners who are competing with Americans for housing and employment, has made everyday life much more expensive. The candidate who wins the next presidential election will be the candidate who's able to convince Americans that he's going to bring costs down. Whatever your political views may be, there's no getting around that fact. It is a fact, but it would be a massive mistake, one that we may not be able to recover from, to blame the cost of living on people who are building, people who are creating jobs and enormous wealth, people who are single handedly boosting the GDP of this country. They are not the enemies in this scenario. Okay, of all the targets you could pick, the builders are the absolute worst targets. They are not the reason the cost of living has gone up. On the contrary, they're the only realistic path forward to erasing the national debt that's been growing at an unsustainable rate for most of our lives. When Democrats tell you that they want Elon to be the last trillionaire, they're telling you that they're going to cap our economic growth indefinitely. You know, they want us to fight over the limited resources we currently have. They want you to think that that's our only option, to worship their civic religion and to endlessly redistribute other people's money until we run out of it. But over the past week, both Elon and the Trump administration have made it clear that there is an alternative. We can take pride in our country rather than our bureaucracy. We can create wealth rather than seizing it. That's the approach we need to take if we want to exist as a country for another 250 years. We have to reject the jealousy and the insecurity and the impotent, pathetic rage of the left. And as quickly as we possibly can, with the support of as many billionaires and trillionaires as possible, we need to build. I'll do it for the show today. Thanks for watching. Thanks for listening. Talk to you tomorrow. Have a great day. Godspeed. Last month we judged Martin Luther King Jr. Not by the color of his skin, but by the content of his character. American school kids spend a lot of time hearing about MLK and Rosa Parks. Have you noticed no one ever asks what Birmingham, Selma and Montgomery are like today. The legacy of the civil rights movement wasn't a racially harmonious utopia. It's hollowed out urban cores. Hundreds of thousands of dead Americans, raped grandmothers, ethnic cleansing of entire neighborhoods. This month we survey firsthand accounts of the historic wave of non violent crime riots unleashed on this country by the civil rights movement, which caused more enduring damage on America's greatest cities than the atomic bombs dropped on Hiroshima and Nagasaki. Who were the winners and who were the losers? What's the truth about redlining, white flight, affirmative action? Don't want to miss the second part of our special on the civil rights movement, the looting of America on Daily Wire. Plus.