P Breit 🇺🇸

55.8K posts

P Breit 🇺🇸

P Breit 🇺🇸

@pbreit

Fintech and payments. Nor Cal. Optimism beats Pessimism.

San Francisco, CA Katılım Mart 2007
298 Takip Edilen1K Takipçiler
Emily Saves America
Emily Saves America@emilysavesusa·
Can any dumbass on the left explain to me how Elon Musk having $1 trillion affects your life negatively in ANY way?
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Aaron Regunberg
Aaron Regunberg@AaronRegunberg·
What's most infuriating about the Musk trillionaire shit is that his enterprise is built almost exclusively on gov contracts. It's 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 through graft.
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P Breit 🇺🇸
P Breit 🇺🇸@pbreit·
@SoarAI I accidentally booked a flight. How do I cancel??? Would prefer to review before booking.
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Soar
Soar@SoarAI·
Book a flight with one tap
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Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸
Those people DID NOT decide to buy SpaceX. Elon Musk invented a scheme that FORCED those people to buy his obscenely overvalued fraud stock. He jammed his exit liquidity down their throat.
Mark Cuban@mcuban

The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did. And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves. One Hundred Fifty Million Americans. About 60% of adults. Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life. If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever. Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen. Alternatively There are ways to improve healthcare access and eventually make it available to all. To start - If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers. It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail) Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability. Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up But They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.

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P Breit 🇺🇸
P Breit 🇺🇸@pbreit·
@AkilahObviously He has not robbed anyone. The wealth was all created. Mostly for other people. You are totally deluded.
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P Breit 🇺🇸
P Breit 🇺🇸@pbreit·
@Ben_Wray1989 You are not smart. Elon brought us online payments, electric cars, global internet, etc. absolutely and without any doubt lifting all boats.
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Ben Wray
Ben Wray@Ben_Wray1989·
This is one of the most dishonest arguments for capitalism. The truth is that, even in the US, the vast majority of people live off their wages, not stocks. The idea that Elon Musk becoming a trillionaire is a tide raising all boats couldn't be more wrong. x.com/mcuban/status/…
Mark Cuban@mcuban

The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did. And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves. One Hundred Fifty Million Americans. About 60% of adults. Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life. If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever. Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen. Alternatively There are ways to improve healthcare access and eventually make it available to all. To start - If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers. It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail) Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability. Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up But They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.

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P Breit 🇺🇸
P Breit 🇺🇸@pbreit·
@ZachWLambert Absurdly dumb tweet. US government has $7 trillion budget and has overspent that by $40 trillion. Confiscating Elon’s money will not “fix” any of those things.
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Zach W. Lambert
Zach W. Lambert@ZachWLambert·
Elon Musk is now a trillionaire. More specifically, his net worth is $1.2 trillion or $1200 billion. That number doesn’t even compute for most of us, so here is some helpful context: The USDA needs $18.8 billion to feed every child in the US school system breakfast and lunch each day. Elon could pay for that 64x and still have money leftover. The World Food Program needs $13 billion to feed the 110 million hungriest people on earth. Elon could pay for that 92x and still have money leftover. The National Alliance to End Homelessness needs $9.6 billion to provide housing for every unhoused person in the United States. Elon could pay for that 125x and still have money leftover. The average American teacher makes $74,495 per year. Elon could pay the annual salary of over 16 million teachers and still have money leftover. The problem is not that we don’t have enough money. The problem is that we have built a world where one person can accumulate more wealth than the GDP of 180 countries while children go hungry, families drown in medical debt, teachers are forced to buy school supplies for their students, and people sleep on the streets. This is a complete moral failure.
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Michael Linden
Michael Linden@MichaelSLinden·
This is missing the point. It’s not specifically about this threshold or this particular man. The amount of wealth and power that is now concentrated in a relatively few hands is, indeed, bad for everyday people.
Jonah Goldberg@JonahDispatch

I don’t mean to be callous. But if the IPO fizzled yesterday, would your situation be any different today? Are you worse off because he’s a trillionaire? Were you better off on Thursday when he wasn’t?

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P Breit 🇺🇸
P Breit 🇺🇸@pbreit·
@mattyglesias There’s a shred of truth in first tweet (but trump woukd have win anyway and doge showed a light on government waste). But 2 and 3 are plain wrong.
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
I sincerely think it's bad when people polarize themselves into denying Musks' incredible achievements in engineering, but this is such a dopey take. It's not "because of politics" like Musk gave an interview once saying he's pro-life or disagrees with Democrats about taxes.
Matthew Yglesias tweet media
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Shaun Maguire
Shaun Maguire@shaunmmaguire·
I’m just getting home after two days at Starbase It is impossible to put into words the work ethic and mission orientation of the team at @SpaceX Even on IPO day they launched a rocket, were doing engineering stand ups and welding new super structures They’re doing this for the betterment of humanity There’s nothing else like it
Shaun Maguire tweet media
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Alvaro ⏸️ Cuba
Alvaro ⏸️ Cuba@GroundhogStrat·
@blader I like free markets, but as these numbers get higher, do you think something may have gone wrong recently? In 2017, the worlds richest man was Bezos with $100B. Today he has more than double that, and Elon has 10x. I understand the surplus billionaires can create, but is society 2x better off as their wealth has gone up 2-10x? I don’t think we can judge the health of society as simply the rich getting richer.
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Siqi Chen
Siqi Chen@blader·
not a single person on this list was born a billionaire the world that i want to build, live and vote for is a where this will continue to be true every generation, except the numbers keep getting larger
Siqi Chen tweet media
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Daniel Priestley
Daniel Priestley@DanielPriestley·
The thing that winds me up is how Elon has a trillion because he’s set up a system where he forcibly takes 40% of what hard working people produce, leverages it up as debt, spends it ineffectively and does dumb things to win the votes of millions of people who’ve become dependent on his handouts.
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Sean Sweeney
Sean Sweeney@seandsweeney·
My goodness… Everyone jumping down my throat about the 6.6 number! I saw it thrown around here somewhere that that was the number… And yes, I didn’t spend another 10 hours vetting it correctly. I just wrote it down. I don’t care if he fixes world hunger, my whole point was that he could do something in a major way!
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Sean Sweeney
Sean Sweeney@seandsweeney·
I believe that @elonmusk is entitled to the trillions and more that he may be worth in this lifetime for the value he has created. I also believe it would be the most baller move of all time to stroke a $6.6 billion check and end world hunger.
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David Yelland
David Yelland@davidyelland·
What has Elon Musk taken from you? So ask many including Andrew Neil. Here's the answer: He has taken our peace of mind. He has purposefully pushed us apart, divided us further and profited from our loss of community. And that is hard to ever forgive.
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