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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElon Musk Warns 'The Only Way to Get Us Out of the Debt Crisis' and 'Prevent America from Going Bankrupt is AI and Robot
https://share.newsbreak.com/fylp0i26"In a wide-ranging conversation on the Joe Rogan Experience, Tesla (TSLA) and SpaceX CEO Elon Musk offered a characteristically direct assessment of the United States fiscal trajectory. Known for speaking bluntly about technology, governance, and long-term societal risks, Musk framed the national debt not merely as a political challenge, but as a structural threat to the countrys economic future. His remarks reflect longstanding concerns he has raised about government inefficiency, declining industrial productivity, and the need for technological acceleration to maintain global competitiveness.
During the discussion, Musk argued that the only way to get us out of the debt crisis and prevent America from going bankrupt is AI and robotics, a conclusion he reached after observing what he described as unsustainable growth in federal obligations. He noted that interest payments on the national debt now exceed major federal expenditures, including the military budget a comparison he called a personal wake-up call.
According to Musk, traditional political tools are insufficient: You can make it directionally better, but ultimately you cant fully fix the system theres no way to solve the debt crisis without economic expansion at a scale only advanced automation could provide.:
leftstreet
(38,346 posts)How did that work out?
newdeal2
(4,485 posts)To pump up his stock.
CentralMass
(16,758 posts)Lovie777
(21,145 posts)another reason, don't fucking throw people off their jobs without a an alternative of how they are going to take care of families.
Musk got so much money and he doesn't still even care.
CentralMass
(16,758 posts)misanthrope
(9,302 posts)So would those who suffered and died because he gutted USAID.
yankee87
(2,731 posts)Put the tax rate back to 91%.
ProfessorGAC
(75,248 posts)Besides when the rate was 91%, only a tiny percentage of people eligible for that tax rate actually paid 91%.
Make total compensation eligible to be taxed as regular wages, raise the dividend tax rate to 33% on money over $1 million, and add 39, 44, & 50% upper marginal rates on income. Again, total compensation to employment derived income of any form.
The 91% thing is typically misunderstood because how few people paid over 50% was is not discussed.
Moostache
(10,926 posts)It should be so disadvantageous to possess more than $1,000,000,000.00 in NET assets that business owners and these current asshats would be falling all over themselves to avoid the taxes that kick in at that level. Further more, I would even support capital punishment for any billionaire caught cheating on their taxes. I would simply load them all onto Bezos' next dick shaped rocket and fire them into orbit without a return trip. Let them all off themselves in orbit.
2naSalit
(98,959 posts)chowder66
(11,575 posts)Paper Roses
(7,600 posts)With all your money, most comes from the US, you could help the American people survive the mess you and trump have created.
You could finance healthcare for those who count on Medicare, support SNAP, and other critical situations this country is in.Your trillions could do so much for other parts of the world.
Remember, you can't take it with you! Might as well do some good after the mess you have created.
Autumn
(48,658 posts)Fuck him
Blue Owl
(57,932 posts)bucolic_frolic
(53,279 posts)Ellipsis
(9,400 posts)sop
(16,902 posts)'The Age of Self' - Robert Wyatt
They say the working class is dead, we're all consumers now
They say that we have moved ahead, we're all just people now
There's people doing 'frightfully well' there's others on the shelf
But never mind the second kind this is the age of self
They say we need new images to help our movement grow
They say that life is broader based as if we didn't know
While Martin J. and Robert M. play with printer's ink
The workers 'round the world still die for Rio Tinto Zinc
And it seems to me if we forget
Our roots and where we stand
The movement will disintegrate
Like castles built on sand
Yo_Mama_Been_Loggin
(131,061 posts)AZJonnie
(2,305 posts)No, obviously the only way is to assfuck poor/middle class people by automating all their jobs out of existence, and cutting the government benefits that keep them alive, some of which they actively paid into their whole lives.
Naturally!
Blues Heron
(8,057 posts)Then deport him for being a Nazi
dalton99a
(91,203 posts)Red Mountain
(2,215 posts)A. Robots will replace the migrants doing manual labor, working as health care aids, picking crops.....
B. Tesla will be ideally positioned to supply those robots
That's it. There's nothing more to it.
The robots won't be ready. And they'll be FAR too expensive.
But they'll bump up the stock price and keep the money rolling into Elon's pockets.
misanthrope
(9,302 posts)They will move on to scrubbing the world of all of us if they get their way.
Volaris
(11,276 posts)hatrack
(63,993 posts)People will be ready to spend, spend, spend!!!!
Why does anyone take this sack of steaming kudu shit seriously on any topic?
Melon
(901 posts)Look at how far its come in the last 2 years. AI is now literally working to develop AI.
We are the horse and buggy laughing at the car at this point. The US cant fall behind because Asia is developing AI and robot technologies full press.
I watched a tattoo artist interview a year ago saying he can never be replaced. How many think the same? A huge portion of tattoos are now AI drawn and the technology easily exists to develop machines to do the tattoo. Cost just needs to catch up to profit.
misanthrope
(9,302 posts)He should be marginalized at the very least.
Klarkashton
(4,568 posts)Trading govt subsidies and bullshit.
dweller
(27,602 posts)And leave us alone
and tax the billionaires and trillionaires .
That will fix some of the mess youve created .
✌🏻
patphil
(8,502 posts)Where are the people who lose their jobs going to get the money to live on, let along money for non-essential goods and services? This will cause a ripple effect through the remaining economy, resulting in millions more being put out of work.
And we know governments aren't going to provide for the general welfare in an economy where there isn't anyone left to tax.
One of the first things to go away will be free, open and honest elections. The rich won't allow it.
All this could come to pass in 20-30 years.
If you don't think so, just look how much has changed in the past decade, and we're in the infancy of this whole labor revolution. It's picking up speed quickly.
NickB79
(20,164 posts)You actually need, ya know, living breathing CONSUMERS to buy the goods and services that the AI and robotics revolution will produce.
Robots and AI don't buy new homes, cars, clothes, phones, washing machines, groceries, etc.