{"id":1190432,"date":"2022-01-05T11:20:26","date_gmt":"2022-01-05T16:20:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1190432"},"modified":"2022-01-05T11:20:29","modified_gmt":"2022-01-05T16:20:29","slug":"elon-musks-succinct-explanation-for-why-excessively-taxing-billionaires-doesnt-make-any-sense","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musks-succinct-explanation-for-why-excessively-taxing-billionaires-doesnt-make-any-sense\/","title":{"rendered":"Elon Musk\u2019s Succinct Explanation For Why Excessively Taxing Billionaires Doesn\u2019t Make Any Sense"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musks-succinct-explanation-for-why-excessively-taxing-billionaires-doesnt-make-any-sense%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1190432&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Tesla and SpaceX CEO Elon Musk\u2019s interview at a Wall Street Journal forum last month is again making the rounds after LiveAction <a href=\"https:\/\/www.dailywire.com\/news\/mark-my-words-elon-musk-bucks-leading-smart-people-with-warning-about-birth-rate\">resurfaced<\/a> comments the billionaire made about the declining birth rate.<\/p>\n<p>Also of note, Musk during the forum, mocked the dismal job the government does at allocating capital while explaining why \u201cit does not make sense\u201d to excessively tax billionaires.<\/p>\n<p>\u201cIt does not make sense to take the job of capital allocation away from people who have demonstrated great skill in capital allocation, and give it to an entity that has demonstrated very poor skill in capital allocation, which is the government,\u201d Musk said.<\/p>\n<p>Notably, laughter was heard from the audience of CEOs at the forum when Musk made the remark.<\/p>\n<p>\u201cYou can think of the government, essentially, as a corporation in the limit,\u201d the tech billionaire continued. \u201cThe government is simply the biggest corporation, with the monopoly on violence, and where you have no recourse. So, how much money do you want to give that entity?\u201d<\/p>\n<p>Asked to explain further, Musk replied, \u201cGovernment is a corporation in the limit, so, it is the most corporate thing; it is the maximum corporation. But it\u2019s also a monopoly. Also, it\u2019s the only one allowed legally to do violence.\u201d<\/p>\n<p>\u201cSo, why would you want to give a corporation with no competition, that can\u2019t even really go bankrupt, more money?\u201d he questioned.<\/p>\n<p>Musk went on to emphasize that he is not an \u201cextreme libertarian\u201d and that he believes there is a role the government should play: that of a \u201creferee,\u201d and \u201cnot a player.\u201d<\/p>\n<p>He also noted that he thinks the estate tax \u2014 also known as the death tax \u2014 is generally \u201cgood.\u201d<\/p>\n<p>As highlighted by <a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-government-is-simply-the-biggest-corporation-with-the-monopoly-on-violence\">The Daily Wire<\/a>, Musk also spoke about the birth rate at the forum, taking a position opposite leading \u201csmart people.\u201d<\/p>\n<p>\u201cI can\u2019t emphasize this enough, there are not enough people,\u201d he said. \u201cAnd I think one of the biggest risks to civilization is the low birth rate and the rapidly declining birth rate.&nbsp;And yet, so many people, including smart people, think that there are too many people in the world and think that the population is growing out of control.\u201d<\/p>\n<p>\u201cIt\u2019s completely the opposite,\u201d Musk asserted. \u201cPlease look at the numbers. If people don\u2019t have more children, civilization is going to crumble. Mark my words.\u201d<\/p>\n<p>Notably, Musk recently publicly fired back at Democratic Senator Elizabeth Warren (MA) when she accused the entrepreneur of \u201cfreeloading.\u201d <a href=\"https:\/\/www.dailywire.com\/news\/i-will-pay-more-taxes-than-any-american-in-history-this-year-elon-musk-obliterates-elizabeth-warren-with-one-tweet\">The Daily Wire<\/a> reported:<\/p>\n<p><em>\u201cLet\u2019s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,\u201d tweeted Warren in response to the announcement that Musk is Time\u2019s Person of the Year.<\/em><\/p>\n<p><em>\u201cAnd if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year,\u201d responded Musk.<\/em><\/p>\n<p>WATCH:<\/p>\n[embedded content]\n<p><strong>Related:&nbsp;<a href=\"https:\/\/www.dailywire.com\/news\/mark-my-words-elon-musk-bucks-leading-smart-people-with-warning-about-birth-rate\">\u2018Mark My Words\u2019: Elon Musk Bucks Leading \u2018Smart People\u2019 With Warning About Birth&nbsp;Rate<\/a><\/strong><\/p>\n<p><strong>Related:&nbsp;<a href=\"https:\/\/www.dailywire.com\/news\/nothing-is-more-permanent-than-a-temporary-government-program-elon-musk-continues-crusade-against-biden-agenda\">\u2018Nothing Is More Permanent Than A Temporary Government Program\u2019: Elon Musk Continues Crusade Against Biden&nbsp;Agenda<\/a><\/strong><\/p>\n<p><strong>Related:&nbsp;<a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-government-is-simply-the-biggest-corporation-with-the-monopoly-on-violence\">Elon Musk: \u2018Government Is Simply The Biggest Corporation, With The Monopoly On&nbsp;Violence\u2019<\/a><\/strong><\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla and SpaceX CEO Elon Musk\u2019s interview at a Wall Street Journal forum last month is again making the rounds after LiveAction resurfaced comments the billionaire made about the declining birth rate. Also of note, Musk during the forum, mocked the dismal job the government does at allocating capital while explaining why \u201cit does not &#8230;<\/p>\n","protected":false},"author":64,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1190432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1190432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1190432"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1190432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1190432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1190432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1190432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}