In a capitalist system, wealth creation is not a zero-sum game but rather expands the economic pie for everyone; when entrepreneurs like Elon Musk take risks and succeed, they create opportunities for ordinary workers to participate in wealth creation through equity ownership, as demonstrated by former SpaceX welder Juan Hernandez who became a millionaire after the company's IPO, showing that capitalism can benefit both the wealthy and the working class simultaneously.
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Trump Deranged Liberals LOSE IT Over Elon Musk Becoming The World's First Trillionaire!
Added:It's official. Elon Musk is the first ever trillionaire. He's already the world's richest man. His company SpaceX just started trading on the NASDAQ. Elon Musk himself, you know, shared a little bit of surprise when he realized that this was actually happening, that SpaceX was going to be the biggest IPO ever.
>> Let me tell you, if people had told me this was the going to happen, I was like, man, you must be smoking some really good crack because I think this company's going to fail.
Obviously, it's not failed. 24 years later, a lot happening and a lot of his employees and former employees have been minted into millionaires. Today, we interviewed a former welder who worked at SpaceX for 10 years, Juan Hernandez.
He says this is the American dream for him. He had 6,500 shares today at the opening bell. And certainly cashing in at least $880,000 is what he'll be taking home, which he says is going to change his life. but he's going to continue welding and he's working now at a different rocket company. But big day for SpaceX and a lot of questions around whether it should be valued at this high valuation and what comes next for the company. And as for whether or not you should buy in on this historic day, the analysts that we're talking to say that carries a lot of risk with it. When you buy on IPO day with this big initial spike, there's no guarantee that that will hold. You have to remember that SpaceX is also not a profitable company yet and there's a ton of risks around its technology, whether the rockets will continue to work and all of the risk factors around the tech.
>> Boy, boy.
So, we got to talk about liberals boohoo whining crying about Elon Musk because he has made history as the world's first trillionaire after SpaceX IPOed. Okay. A uh great company uh that has done a lot of great things for this country and a lot of great things for the world. And because he's done a lot of great things for the world through capitalism, Marxists hate him by default, right?
They just hate him. So, I want to talk about this because the meltdowns are hilarious. Uh but first, let's get into CNN's coverage of SpaceX and Elon becoming the world's first trillionaire.
It's hard to imagine, Wolf, one trillion as a number, let alone the amount of money someone is about to be worth. So, here's some context. One trillion has 12 zeros. It's $1 million million. And if you spent $1 million every hour, every day, it would still take you more than a century to spend it.
>> From an economic standpoint, only 20 countries have economies larger than 1.1 trillion dollars. And that means the vast majority of nations have an economy worth less than Elon Musk. Some of them include Taiwan, Ireland, Sweden, and must native South Africa. Musk could theoretically buy all of the property in Houston, both residential and commercial, and still have money left over. he could buy the $16.3 million new $6.3 million new cars bought by Americans last year and still have money left over. And if sports is more of your thing, Elon Musk, get this, he could buy all 50 of the most valuable teams from around the world for a cool $353 billion.
>> Elon Musk is the first trillionaire in human history. Just minutes ago, SpaceX began trading and immediately jumped by more than 20%.
And that has made Musk a trillionaire. A trillion dollar. That is a one with 12 zeros after it. If you spend a million dollars a day, it will take you more than 2,700 years to spend it all. Musk celebrated the first day of trading, the company that makes up most of his wealth this morning.
I too would be cheering. My next guest has been following must.
>> Yeah. So you seen that, you heard that?
Now I believe that financially literate, smart people watch this channel, right?
So I shouldn't have to explain to you guys that Elon does not actually have $1 trillion, right? Okay. I I should not have to explain this. This is a very basic concept. Um, I think we all understand that Elon uh probably could not buy all the things that CNN claims that he could theoretically buy. Um, realistically, if he decided to do that all at one time, he probably would not be able to do that. So, um, this is his net worth on paper, right? On paper.
Okay. Um, which does not mean that he actually has a trillion dollars, right?
That's not what it means. But leftists don't understand this because they are financially illiterate. And this is why they are currently losing their minds over Elon becoming the world's first trillionaire, the richest man in a long time. Take a look.
>> It's official. With the SpaceX IPO, the world has now minted its first trillionaire in Elon Musk. This is an absolute failure of every social system that underpins our world. Trillionaires.
While in the United States alone, 700,000 people are homeless, where the number one cause of bankruptcy is medical debt. And like this system of capitalism is so insidious because what Elon Musk was able to do here is basically because he already had enormous wealth, he was able to buy political capital within the Trump administration. He basically financed the last few months of Trump's campaign by himself. because he can afford to pour billions upon billions of dollars into a political campaign on a whim because his daughter turned out to be trans. He bought himself a government agency and engineered the collapse of several social safety nets as well as many things that are within his direct industries, a clear conflict of interest. Everyone knows that SpaceX is overvalued and underperforming. And yet, no one in positions of power says anything because they are all interested in looting this sinking ship before they finally have to get off. I bet they're laughing their asses off watching the proletariat burn each other's houses down over race riots, not realizing that the true enemy are these people, the ones who have so much money and resources and material wealth and hoard it all. Elon Musk is now a trillionaire and yet he's contributed absolutely [ __ ] nothing to society aside from being built like Baron Harkinin from Dune and having four baby mamas. There are no Musk hospitals. There are no Musk libraries. This guy could literally save the world and yet all he does is collect baby mamas like infinity stones. This guy [ __ ] sucks. So Elon Musk is now officially a trillionaire.
And that's actually insane.
It was one thing to be a billionaire with hundreds of billions, but like a trillionaire.
There are people who are starving.
And I know that this is things that people always say, "Oh, well, we need to." No, but like literally like having trillions of dollars or a trillion, but people are literally going hungry every single day. People can't eat. stores are throwing out food because it's going bad, but they also don't want people who are homeless or people who are starving to eat that food for free. People who need health care but can't afford it.
People who are literally not living in a house when there are all these abandoned buildings and all of these vacant empty buildings just everywhere throughout the country.
Literally, it is actually so crazy that that is what we're having right now. And then they're saying that he is the first trillionaire, which I'm kind of like, I don't really know about that. In my opinion, I feel like the first trillionaire or person with an unquantifiable amount of money was a black man named Mansamusa.
So, that's what I'm going to continue to believe for the entirety of my life. But that actually just is so insane to me.
like especially during the times that we're currently in, it's like a trillion dollars. And I know that it's because of how his companies are valued and all of those things. Like I know it doesn't just mean he has a trillion dollars in cash. I understand that. But still, that is insane. being a trillionaire and people are starving, people are homeless, people can't afford medical care, people are struggling. We've already come to the realization that a livable wage actually really isn't being paid to most people, even though it's literally called a livable wage. So, you should be able to live off of the wages you receive.
Federal minimum wage hasn't raised in 20 years. Well, [ __ ] me sideways and backwards, folks. The elongated Muskrrad is officially the world's first trillionaire. And to celebrate, I say we give him a front of the line pass for the day we eat the [ __ ] rich. There are people starving right now. Like, as the words are leaving my mouth, somebody is going without food. Doesn't matter where they're from. Doesn't matter their socioeconomic status. There are people who will die today because they don't eat. And there is a man with a trillion [ __ ] dollars.
We've failed as a society. It ain't everybody's fault. We are all just trying to survive inside of a system that we did not help design or create.
But we have failed every single person that came before us trying to prevent a future like this. And if something drastic doesn't happen to change this [ __ ] quick, fast, and in a hurry, like, I feel like we will never have another opportunity again. And our children just won't have a future. At least not one that's [ __ ] recognizable to any of us. This [ __ ] is just [ __ ] ridiculous.
Y'all have you a wonderful day, or at least the one you voted for deserve.
Just do me one favor. Keep the [ __ ] boots out of your [ __ ] mouth and remember that the golden rule will always remain, yehaw, [ __ ] the law. Love y'all. See you down the line. Yeah. So you see that you heard that the Marxists are upset because Elon actually has provided value to the world, right? Something that um socialist and Marxists are very bad at.
Okay. And you have Grant Platiner here who is basically the leader of the Communist um Senate candidate for the Democrat party. Um he says that Elon Musk just became the world's first trillionaire. Let's make sure he's also the last. Yeah. So, what Graham Platner is saying here is that we should not have any more growth, no more innovation, um no more technological breakthroughs, no more industrialization, right? Like no more jobs. Okay, that's what he's advocating for. I don't think socialists really understand that um what they advocate for could never produce what capitalism is producing for regular normal everyday people, right?
Like for example, this former SpaceX welder becomes a millionaire after historic IPO.
Let's read that again. Former SpaceX welder becomes a millionaire after historic IPO.
This is not a headline that exists in a socialist society, right?
In a communist society, this does not exist in the society that these people want, right? You don't get this. So, let's read about this because stories like this are a great example of how somebody else getting rich doesn't mean that other people are getting poor.
Right? That that is the fallacy, the logical fallacy of Marxist. Okay? And uh I think stories like this are a great example of what I'm talking about. So without further ado, let's get into it.
Before Juan Hernandez became a welder at SpaceX, he had never heard of the company. Quote, "It was just another contract job for me at the time." He told CBS News correspondent Joe Ling Kent in a broadcast exclusive interview.
Now, just over 10 years later, that leap of faith is paying off following the company's 75 billion initial public offering. Hernandez, who now works at Jeff Bezos's own rocket startup, Blue Origin, has roughly 6,500 SpaceX shares. On Friday, SpaceX stock closed at $160.95, valuing his holdings at 1,46,175.
SpaceX shares started trading on the NASDAQ late Friday morning under the ticker SPCX, marking the long awaited Wall Street debut of the rocket and satellite company.
Yeah. So Hernandez here works at SpaceX or he worked for SpaceX as a welder and he started working for this company back in 2015.
Now a socialist will tell you that Elon Musk getting rich hurts people like this guy, right?
Elon Musk getting richer or becoming a trillionaire hurts people like Juan, right? That's what they'll tell you. But that's not the reality of what happens, right? Elon Musk becoming a trillionaire actually helps people like Juan because Juan being a laborer also took the risk of working for SpaceX, which was a startup company, right? And and some people would argue is kind of still a startup in some ways, right? But back in 2015, a startup, very speculative, he worked for a company that could essentially go under any day, right? Always having to raise money. That is a risk. And when you work at a company like that, you also got to take a pay cut a lot of times, right? A lot of times, um, they don't want to pay you market rate. They want to pay you a little bit less. They say, "Hey, look, we'll give you some shares of our company. our company is not worth that much right now, but in the future it could be worth a lot more, right?
And that's when you get paid off if if the company becomes successful, but you got to you got to take less today, right? And I'm not sure if that's this guy's exact situation, but what I do know that is the situation of a lot of individuals who work for startups at the beginning when they're not that big. they got to take less. Maybe you you're not paid at all, but you get shares in a company and because you took that risk, you're rewarded if the company is successful.
So in this guy's case, Elon Musk being the CEO, Elon Musk being the entrepreneur, the capitalist that is responsible for allocating the capital of the company in a way that is going to attract more investment, that's going to grow the company, that's going to help build more products, provide more services because Elon is engineering that guys like him benefit.
even his labors, right? He creates more jobs. He creates more opportunity. He creates more wealth for everybody.
Socialists falsely believe that this is a zero sum game. It's not.
The pie grows for everybody. Okay? When Elon gets richer, when Elon becomes a trillionaire, the wealth pie grows.
And it's up to you in regards to how much of that that pie that you want to get, you want to pursue. That's what it comes down to. If you are a person that chooses to do labor only and not participate in capital, right, then you've made that choice that you're not going to participate in taking a risk of trying to grow your wealth or to grow your money. But you can't complain when the system is leaving you behind when you've made the choice not to participate. All right? So if you make the choice not to invest, if you make the choice to say, "Hey, I don't want to start a business or I don't want to, you know, take whatever risk that needs to be taken in order to grow your income or to build your wealth or whatever, then you can't get mad at other people who are making those decisions.
Because those decisions, those people who take that risk, who provide goods and services benefit everybody as a whole. It allows people who don't want to take risk to comfortably have a job and to work every single day, go to work knowing that they gonna get a salary, right? If the company goes under, you're going to get paid before the ownership, right? The equity. A lot of people don't understand that's how it works. Risk is everything when you talk about capitalism. People who don't want to take risk, you have the ability to not take risk and to live comfortably because of people who are willing to take risk. But when you change the risk adjusted returns of taking a risk, right?
When you make it more negative, then less risk is taken. When less risk is taken, then there are less opportunities because there are less people that are creating goods and services that are growing the economy that are growing the pie for everybody.
It's very simple, but I I don't understand why socialists don't understand this. Okay? You you don't get stories like this, right? You don't get stories like this when you take from Juan because that's what socialists want to do. Juan is now a millionaire. Social is going to say Juan is greedy. He got a million dollars. I want to take 50% of it and give it to Raycoin, right?
Give it to Give it to Felicia. And I'm like, "No, I want Juan to keep all his money. Juan should keep all his money because he earned it and it shouldn't be taxed. Um, in fact, we should incentivize people like Juan to take more risk, to invest more, right?
and then he can continue to grow his wealth along with Elon Musk, along with everybody else. Again, it's not a zero- sum game, but you have to participate.
And if you're not participating, if you're choosing not to participate, you can't complain about the people who are participating winning because they're taking risk.
If you don't take risk and then you don't you don't reap the benefits, you don't get rewarded.
That's life. That's life.
I'm just saying um in today's markets since we're talking about SpaceX, it just went public. A ton of people are buying it. A lot of people are probably going to get wiped out to be honest with you, right? That's capitalism. That's how the markets work.
But the average person has an opportunity to participate in the growth of SpaceX. If SpaceX keeps growing, the average person can reap the benefits by simply investing in SpaceX, right? I'm not saying to go do that. That's not what I'm saying. I'm just saying that people pretend, socialists are pretending like access to all of the things that are helping people like Elon Musk get richer. They try to pretend like that it's not accessible to the average person. It is, right? It is.
The average person doesn't even have to think to be honest with you. I mean, they have index funds like the S&P 500, top 500 companies in the United States.
Boom. Put your money in. You got your money in the top 500 companies in the United States. You're basically betting on America.
You can ride that out for 20 years. 7 to 12% per year.
If the average person did that, right? I mean, they would they'd be pretty well off, right? It it'd be pretty hard to go wrong based off history rotted out for 20 years.
You don't even have to think.
And again, socialist, they want to tear that down, right? They don't want to create that type of opportunity. That's how the average person ends up like this guy, right? becoming a millionaire, okay, by taking risk, by participating in the system. But if you don't want to participate or you choose not to participate, again, you can't complain.
These people want to talk about, oh, there's still poor people. Elon is rich and there are poor people who can't afford healthcare, Medicare. I'm like, okay, all right. Yeah, they're they're rich and they're poor people in a capitalist society. But in a socialist society, a communist society, everybody's poor, right? Nobody's nobody's rich.
Every everybody doesn't get rich in a communist society. That's not how that works, right? No. No. Just everybody's poor. Okay. The only people who are rich are are Marxist overlords, right? But, you know, again, in a capitalist system, if you work, you eat, right? But if you don't work, then you don't eat. But again, in communist societies, um, nobody eats. Period. So, let me know what you guys think. Make sure you like, comment, and subscribe. Most importantly, share a black consort perspective. Peace.
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