America’s economic engine is outperforming this century’s expectations — whether the Dems like it or not
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America’s economic engine is outperforming this century’s expectations — whether the Dems like it or not
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America became home to the world’s first trillionaire last month when Elon Musk’s SpaceX went public.
Musk earned his success, although he shares some measure of it with his adopted home. There’s a reason why he was able to establish the world’s largest satellite internet provider in America — a company that developed and perfected reusable booster-rocket technology and dominates the commercial spaceflight landscape — and not in Russia, China or, most inconceivably, Europe.
If Musk owes America a debt, it is only one of gratitude. But Democrats seem to believe that he owes this country much more than that. And if he’s not inclined to pay the tab Democrats believe he’s run up, they’re going to take it.
Musk’s money is really “our money,” Sen. Ed Markey of Massachusetts declared, citing a report on how much of SpaceX’s massive valuation is only due to its government contracts. As if federal contracts were little more than kingly beneficences that can be revoked at will.
Other Democrats didn’t even bother to look for a pretext to justify their covetousness.
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“Trillionaires shouldn’t exist in a moral society,” tweeted Rep. Jim McGovern of Massachusetts. Confiscating Musk’s wealth, irrespective of the federal government’s needs, is an ethical imperative.
Indeed, to hear the left tell it, using tax policy to punish Musk is the........
