this post was submitted on 12 Jun 2026
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I do agree you could realistically get a free billion from his assets. But no where near a trillion. At most 10-100 billion. That would possibly save the homeless for a few years, but who would be voting these assets to make the liquidity. Most luckily china. So we sell off what little manufacturing we have, to so y homeless for a free years. But we would be causing a ton of loss for the US markets causing future homeless. It really would be a kick the can down the road, and China would own us.
You appear to be really worried about China, when the federal government in the US is eating the nation alive.
Musk's Tesla factories are so subsidized by the US that it raises questions whether those factories are actually doing favors for the US workforce. We'd lose jobs, but have a not small amount of gain for -- what did Musk call them -- entitlements. But you're right. Maybe we should nationalized Tesla, but keep it running, and offer a public option EV. We might even be able to make some better decisions, such as removing or fixing Autopilot so that fewer Teslas are responsible for deadly collisions. Heck, considering the successes of the US when it invested in big science and big engineering, we might be able to improve them so they're competitive with China's EVs on the global market, and require Ford, GM and Chrysler to offer something other than bloated ~~Non-Passenger Work Vehicles~~ SUVs. But that's all blue sky fantasy.
Trump has already handed the superpower baton over to China. Trump already took the knee to Xi Jinping the way he once did to Putin, and has already declared China a superpower, and a peer to the United States.
China doesn't deserve the superpower title yet, but Trump is also sabotaging the US' ability to force project, which is the key ingredient to staying a superpower, and China is dominating the renewable energy industries while Trump is subsidizing fossil fuels and even coal. So the US is clearly in decline while under the thumb of its aristocratic class. The US' political class may be more corrupt than China's already, and that deters businesses from wanting to invest in the US. They're investing big into China.
Yes, China teems with humanitarian problems, but then the US is building more concentration camps every day, so we're catching up if we haven't caught up already.
Right now, Musk has a phenomenal amount of power, enough to purchase the entire US federal government if he liked, or at least hire another 100,000 lobbyists (including retired elected officials) and continue to assert massive control of the US government. Frankly, that is a greater danger to the US right now then liquidating a few factories.
I agree with you China will be the next world power. I read "how to deal with changing new world orders" by ray dalio. Everything he wrote is coming true. I just didn't know how people think taxing Elon will do anything positive, and also believe America is on the decline. Both can't be true.
I think we are in a huge bubble, and trying to gain anything if value from the bubble will be fruitless, and China will be the next world power. We are 39 trillion in debt. Even is we got 100% value from elon, would being 38 trillion in debt change anything?
The 39 Trillion in debt (the rising of which just keeps accelerating) raises a too-big-to-fail question. If the US just collapses, then all those bonds become worthless, so there are an awful lot of creditors who should be invested in keeping the US afloat. And some of those creditors are smart, or at least have smart people to advise them that letting the US collapse would be really bad.