Bernie and Pocahontas must be having hysterical fits. SpaceX’s Initial Public Offering (IPO) is underway, with first trades anticipated to broach approximately $175 (give or take) per share (at time of writing). The capitalist success will irk the defeatist socialists no end.
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In their perverted orthodoxy a solitary billionaire is a “policy mistake,” so imagine their maudlin mood when the SpaceX IPO spawns several billionaires and a multitude of millionaires. Worst still, Elon Musk is poised to become a trillionaire. The travesty of it all — so much wealth in private hands.
Bernie and Po will demagogue about inequality, rather than applaud success. They want the administrative state to spread the wealth for political purposes. Well, the nouveau riche are about to spread their wealth for economic purposes. They’ll be “sharing” their windfalls in a manner more aligned with free-market dynamics than central-planning pinheads could. Indeed, here are some examples of how they’ll enjoy the fruits of their labors.
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Such lavish spending sprees may not engender long-term happiness for the spendthrifts, but it will benefit those who provide the goods and services. They’ll probably attain as much lasting satisfaction because wealth is all relative. The money splashing around won’t “trickle down” — it will cascade.
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Image generated by ChatGPT.