The Trillionaire Panic Is Missing the Point
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I love trillionaires. Yeah. Actually, I gotta share. We’ll start off with this. Probably the funniest tweet, and I I needed a little bit of it because I’m gonna be honest, I was following all of the various different unhinged economic, ignoramous posts, and again just to shows you just the the the utter lack.
Of any sort of economic education here in this country across the board. It’s just brutal. Elon Musk put out a tweet. Time to get that volcano lair I’ve always wanted. Again, that was kind of remember Blofeld and You Only Live Twice, James Bond. Remember they had the volcano lair there in Japan. Anyway, neither here nor there. One.
Ignorant fool after another ignorant fool on one program after another program after another program tr talking about trillionaires. And and I I’m gonna be honest with you. Sometimes I don’t know whether or not these people on these programs are just playing a role, because that does happen, and they’re just acting. Meaning that again, you’re bearing false witness because this is supposed to be a real show. It’s a news program.
And you you’re going on and you’re complaining about Elon Musk and trillionaires and this one having this and this one having that. And and again, it they’ve it’s they’ve lined up for crying out loud. You know, you get the leftists, you got the people on the right, you got people on the right that are against Musk and what he’s done. I I’m trying to think when I have could have put money in Elon Musk’s pocket. I technically not real well, I I you I one time I got a a Tesla rent a car twice. well I didn’t buy it specifically, but I used Starlink at a hotel I was at in Europe that was the the service. I’ve never bought a Tesla. I kind of wanted to get those flamethrowers. Remember the flamethrowers? I never got one of those, but anyway, neither here than there. I I never sent Elon Musk.
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A dime. Dime. but I most certainly have made some money over the years off of well, his companies to say the least. it’s it’s amazing to me to to watch this stuff going on and just just how how really dumb people are. And again, this is the United States of America.
United States of America, where you’re supposed to be able to go out there and build and create and do things. I I gotta have there’s so many different levels we’ve got to cover on this. And if you’re one of those economic ignoramuses, you know, don’t change the podcast. Why don’t you just stop and listen? Okay. Stop and listen. Maybe you’ll learn something about this country rather than being angry at someone else. I I am I’m been I’m actually in my offices in
Italy, and I’m gonna be here the next couple of weeks. And I’m in the the city of Florence, one of my favorite places in the entire world. you know, some of the greatest minds in history have lived here, created here, built here, Medici family, banking, Michelangelo, Leonardo, Dante, Galileo. You could again the church up the street here, Santa Croce. You got Michelangelo, Galileo.
and Dante all all buried i in the same church.
You walk around, you can see you can see the statues, you can see the city, one of the most glorious, my opinion, one of the most glorious places in the entire world. Absolute beauty everywhere, what they have built and created. it humbles you.
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It humbles you. You walk in, you walk into the the Duomo here in Florence, where you still have architecture students from all over the globe come here to study Brunelleschi’s Duomo. How did he do it? How do you do this without computers, without the scaffold? I mean, it w an extraordinary feat. You can go into the the museum of the Duomo, and he basically, you know, he thanks God.
He had some sort of inspiration. You can go and you can take a look at the works of Michelangelo. Or you go to the the Vatican. Look go in, go to the Vatican. Go into St. Peter’s and look at the Pietà. Well, Michelangelo do what was what, twenty one, twenty-two years old?
I mean, can any you know do that today? Anybody come close to to these types of work and how can you not be humbled by this? How can you not be in awe?
of things like this. I I gotta admit, I you know what kind of person I I’m a I’m a fanboy.
I I am a fanboy. I am so impressed with people and their talents and the things that they can do. let me give you an example. my best friend this past year died. high school. High school, I mean, we grew up you know, together play football together. And we would we’d be in the same
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classes together, we’d be doing the honors, this, whatever it may be. Always beat me.
Always be I’d be like, Woo, I got a ninety six of my anatomy physiology test he’d get a ninety-eight.
I would more athletic. We have a playful, but he was an outstanding football player, but he was also something that I always wished I could do. Never had the talent to do it. There’s like certain things that you have. Unbelievable artist. I mean, I I I would just sit and I may be marveled by him.
But I’m that way, and that’s how we should be with everyone. We should be excited when people do well. guys like, you know, Arnold Schwarzenegger, and you take a look at that guy and what he did and how he came here, and you look at his physique back in the day. What he I mean, holy cow, Sylvester Stallone. Look at his body of work and what he goes read his story.
And the things he did. Athletes. People who build business. I yeah, I I I love this stuff. There’s nothing more than to see people doing well, going out and building, creating. And we all have our niche. You don’t get I don’t get jealous of an Aaron Judge or a Michael Jordan or a Kobe Bryant. They were blessed with whatever ability. And you know what? They took it and they ran with it. Good for them.
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Good for them.
We should all
We should be celebrating. We should be celebrating the first trillionaire. We’ll get into that in a bit here. We should all hope. We should all hope that in you know what in ten years he’s worth
10 trillion more. I just want you to think about that for a second. No, again, this is this blows, this blows the liberal mind. They don’t understand. They don’t understand. They think the liberal mind, okay? The liberal mind, and I’m sorry, you know, I was mulling this all weekend long. How am I gonna cover this story?
And I’m gonna say, how am I gonna not start calling names and dropping F-bombs and doing all this stuff? Because it angered me. Who the hell do you think you are?
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watching some what was her she used to be on ESPN, caught a clip. Carrie Champion. Now she’s like some sort of yeah political expert going off on Elon Musk. Who the hell do you can you catch rockets?
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Кенюдюсі водив ані адія.
Вот с інволд видис.
To start a you st I’m start car company here and there. you got subsidies. Yeah, I didn’t agree with those freaking government subsidies either. But you left this pul push for that shit. You wanted that.
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If Elon Musk in 10 years is worth $10 trillion, $15 trillion, how much better do you think how what you think he he’s probably invented at that point in time? You you wanna be yeah, you wanna be? You wanna be a trillionaire? I tell you what you do. I tell you what you do. You wanna be a trillionaire? Go out and get go out there and find out the cure for cancer. Come up with it.
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You’d probably be a trillionaire. You can go out there and you could come up with the cure for cancer.
You’re probably gonna be a trillionaire, and that that’s a bad thing. Did you take a trillion from anyone? Or did you build it? Did you grow it by yourself? And again, this is this is the left wing lunatic mindset.
They think, they think the world, they think the world is fine. Okay. Last night, LaBussola around the corner. Pizza’s phenomenal. A pizza I got last night, burratina. Okay, which is pizza with prosciutto and burrata in the middle. This piece place is phenomenal. Anyway, they think of the world like that pizza.
It doesn’t get any bigger. It doesn’t grow.
Trillion. Well, what what’s what’s SpaceX worth now, 2.7 trillion? Did did Elon Musk go around and steal money, steal $2.7 trillion and he pulled it all in? Or did he grow it? I want I want you lefties to think of capitalism kind of like farming. You grow stuff.
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Югровелт, і гро став.
And the other thing that they obscure as well is trillionaire. And again, this I I’ve talked about this before here on the program. Elon Musk does not have a trillion dollars. Nobody has a trillion dollars. That and again, what happened? What happened when his company went
Public, what he already owned, what he already built, increased in value. If Elon Musk wanted to cash in and said, you know what? You know what? Screw you, planet. I’m sick and tired of everyone hammering me and being nasty to me from what I built. I’m out. I quit.
What would happen? Well, first and foremost, him quitting would drive the stock down. And who would want to buy the stock then? What would happen to it?
Be like poisoning your field. The value would fall right down. And again, I have to explain this to people and it’s it’s still shocking that you can grow up in the United States of America and not even understand how the stock market works. And this is our the education here in this country, which is just it’s awful. Okay.
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A stock is not a casino chip. I know I’ve talked about this before. You don’t cash it in at the table. Okay? You don’t go, yeah, yeah, I gotta go down a new window here at the New York Stock Exchange and the NASDAQ and I’m gonna cash in my chips.
No. Okay. there is a bid and then there is an ask.
Okay, you you hit the bid. But that bid is only good for how many shares? So let’s just play play pretend Elon Musk says, you what, I’m selling all of my shares. I’m selling all of my shares in SpaceX. He’d have to find a buyer. For every seller, there needs to be a buyer. For every buyer, there needs to be a seller. When there is more selling pressure, what is going to happen? The bid drops and it can drop quickly.
It would collapse. SpaceX stock would collapse. Elon Musk says, I’m going to sell it all. It would.
Okay, he doesn’t he’re not gonna have a trillion dollars.
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It’s what they’re valuing his assets at at that point in time. And again, this goes along with the absolute utter stupidity of the wealth tax. Think about Elon Musk.
A little bit. you know, and you think about where he’s at today, and then you can go to a guy pretty familiar with Thomas Edison. well, there’s this company that was founded in 1892. 1892. That’s four years before my grandfather was born. yeah, it was company called General Electric.
Was a big deal for a while. Yeah, not it’s still around, but it not exactly what it used to be. It was the ultimate Titan of industry. My grandfather worked for the company. I was sad to see, actually, that you know, there’s the iconic General Electric sign in Schenectady, New York. I guess they’re taking they took it down. And that was something you’d always remembered. But anyway, it was incorporate 1892. There was a merger of Thomas Edison’s
Edison General Electric Company and the Thompson Houston Electric Company. JP Morgan consolidates early electrical industry. Do you know 1900 GE became the first American company to establish an industrial research laboratory?
just jet engines that we just kind of gotten used to. GE pioneered the first commercial jet engines in nineteen forty one, vacuum tubes.
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Frickin’ X ray Machines Home Appliances. I I I remember a commercial in the nineteen nineteen nineties.
And I’m a bit of a softie with some stuff, believe it or not. I and I remember it it would actually kind of bring tears to your eyes. It was I don’t know, it was some, I think ultrasound machine. This is back. I mean they used you know when they used to run them in 1990s, you’d run them during Meet the Pressed when Tim Russert used to host the program. And it was the they played the song, The First Time I Ever Saw Your Face. And it was like the ultrasound of a baby. I mean, that shit for me, whoo! Again.
Love kids, love bait, all that stuff. Yeah. Yeah. I I don’t like, you know, drop my head a little bit. You know, you know, lose a little my my masculinity. I guess not. No, that’s not true. But again, it it that commercial choked me up. You think about the things that that company invented. I remember, I remember it was a great memory of child going there with my father and my grandfather to connect to New York. I mean, now they had they’d open up, they’d open up the place. This is
In 1970s, you know, like I guess once a year or something like that, you could bring people in. And I I mean, I saw stuff in I mean, means I see robots and stuff that they were working on. And I mean, it’s printer. I mean, this is what’s mid-70s. I remember doing that.
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Why why you people hate people that go out there and build and create and do stuff? Do you understand?
Do you do you understand I me w what are you jealous of? Why don’t you go do it?
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You go do it. You think it’s so easy. And it’s these same people again, again, these people that again, they don’t build or create anything. They just cause division. I’ll I’ll you know what? I’ll give you Bernie Sanders. This is what he said. Okay? And you know, his guy is a he flies private jets. Bernie Sanders, a socialist, flies private jets. He’s worth
Millions and millions of dollars. He’s never employed anybody in his entire life on his own dime. sure, he’s got his Senate staffers. Okay. For the great state of Vermont. Yeah, what are you guys doing up there? And I laughed. The state of Vermont would be freaking bankrupt without the freaking rich people that go up there and stay at Stratton and Okimo for crying out loud. Shut the ep. See, again, I’m trying I’m trying to stay calm when it comes to this. Here’s Bernie Sanders.
Elon Musk’s rise to trillionaire status is not a time to celebrate. It’s a call to action to take on the unprecedented income and wealth inequality that now exists and the greed and power of a ruling class that is destroying the social fabric of America. What in God’s creation is Elon Musk doing to destroy the social fabric of America? You know who’s destroying the social fabric of America? You are, you S O.
B. You don’t do a damn thing. You don’t build, you don’t create, you don’t protect, you don’t teach, you divide. Our democracy cannot survive when a man, one man, who contributed 290 million to get Trump elected becomes $700 billion richer since Trump’s election. $700 billion richer. Do you know that Elon Musk didn’t Elon Musk have a yacht?
D did you see Elon Musk hanging out at the Monaco Grand Prix? The guy works sixteen hours a day.
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he put honestly, I I I think I work all I he puts me to shame. I don’t know how the hell he does it.
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You should be saying, God bless Elon Musk and his inventions. Neuralink?
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God, I hope and pray that they figure that out and they make that work. You can make people who have gotten injured and paralyzed so they can walk again.
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Anyway, our economy cannot sustain itself when one man owns more wealth than the bottom half of our society. When 60% of our people live paycheck to paycheck, when we have the highest rate of childhood poverty of any nation, and when our kids will have a lower standard of living than their parents, this is not just about wealth, it’s about power. Musk and his fellow oligarchs want it all. What are you talking about? Want it all? What is he taking, you a-hole? You massive POS?
What has he taken?
You ain’t taking a damn thing. He’s built it for crying out loud.
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Don’t want anything of his, don’t buy it, Bernie.
But what have you done with your life except live off the taxpayer?
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Gavin Newsome. It’s worth tens. Tens of millions of dollars. Americans are struggling to pay for groceries and gas while Elon Musk becomes a trillionaire. When the federal government is for sale, the rich get richer and everyone else gets shafted. The system is rich. Hey, Gavin, I got an idea. Why why don’t you why don’t you go and take his trilli trillion dollars that he doesn’t have?
And use it. Maybe you can build another four or five miles of your you know, your train that goes to nowhere in California, you P O S.
He created value. What have you created? What have you done?
What have you built?
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Ro Connor. And you know, I talked about Ro. I I I think I could have a co he seems like he’s halfway reasonable with some things, okay? but he obviously doesn’t understand how the world works. And again, if you take a look at his his C V, same thing.
Same h his parents came here from India. They built and created stuff and he became a politician. Hasn’t built or created anything.
Wall Street folks are celebrating Elon Musk for creating forty four hundred millionaires. Think about that for a second. Cause that that was coming out. I mean, look at the amount of people that became millionaires.
Not technically millionaires, they own value, part of a company that’s worth a lot of money.
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Anyway, before I go on with Rose Point, my company.
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Barkowski investments includes this radio show. it’s private. I’m not telling you what the valuation is. but again, I I’m talking people we want to buy your company. They give me all throw all these these these numbers at my brother’s nine. You know, no, we’re not selling.
We’re we’re not the we’re not gonna do that. I so again, they’re saying it’s worth this. I don’t have that money in my pocket.
I don’t have it. You could say I’m worth this, but I don’t, it’s not like I have the cash on hand. Anyway, back to Roe. Okay. Did any of them celebrate Joe Biden’s Inflation Reduction Act, the CHIP, for creating millions of good-paying jobs? Our barometer should be opportunity and stability for the majority, not simply wealth for the few. Roe, that is probably one of the most
Communist things I have heard in some time. The government should be creating jobs, government jobs, handing out cas that’s what’s gonna make America great.
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Again, I d vapid. It just how ridiculous these these people are.
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You may not like Elon Musk, you may think he’s a little bit odd, you may think he’s a little bit off. I I would assume so. He’s obviously working at a much higher level of you know brain speed than most of us are, but but you can’t be impressed.
by what he has done and what he’s accomplished and what he’s trying to do.
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Again, he what is he he you if he had a tree he couldn’t spend any well what what is he gonna do with it?
This is not Scrooge McDuck. This is going out there and looking to build and create why is I mean, that that’s a wonderful thing. For someone that could check out
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Someone could check he could have checked out a million years ago. Jeff Bezos could’ve checked out. Doesn’t have to do a damn thing for the rest of his life. Yeah, what what what drives these people to go out and do more and create more?
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And they’re perfectionists. I’m I’ll circ circle back to Florence here for a second. There is a
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There’s another pieta that it’s not completed. it’s in the it’s in the actually the Museum de Duomo here in in Florence as well. And actually Michelangelo did like a self, he’s in it as well. He did like presented himself as Nicodemus in it. and he wasn’t happy with it. He took a hammer to it.
took a hammer to get destroyed ’cause he was a perfectionist. Made this, it was just later on i in his life. Again, you gotta you gotta think about who these people are and what they wanna do and what they want to build and create. They’re not grifting on anybody. They’re they’re they’re making the world a better place.
I mean look at look at Edison.
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And look at the creation of General Electric and you know, that was the that used to be the tagline. GE, we bring good things to life.
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What what is wrong with you people? Why cannot you celebrate people that do well and be happy for them?
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What what’s what’s I mean, honestly, I got almost get feel bad for you people, quite frankly, that you are so miserable with your existence and your life that you want to tear down other people that are creating jobs, building and creating and trying to make the world a better place. Trillionaire.
Elon, Elon, I’m gonna tip my cap to you. And I hope, and we should all hope, that in 10 years you’re worth 10 million, 15 trillion. I just I want my flying car. That’s the only thing I’m asking for. Watchdog on wallstreet.com.
