ever since the top tax bracket was slashed, the US's debt has skyrocketed, inflatation has run rampant, house prices have skyrocketed and wages have stagnated.
Before the top tax bracket was slashed, the majority of US wealth was in the hands of every day Americans, nowadays the majority of the wealth is held by the top 1%.
When I studied economics, it was hammered into us how good trickle down economies work. Funny thing is, wealth never trickles down and it is instead hoarded by those at the top.
Elon is worth 300B now. If an immortal person lived in 10,000BC and saved $10,000 a day from then until now, Elon would still be richer than they are.
I warned of inflation a year and a half ago (documented on this very forum) as soon as Dump and the Republicrats were signing off on printing trillions of dollars out of thin air, not once, but twice. Thats not the only reason why but a significant contributor for sure.
Housing prices where I lived started with the outflow of people running away from NYC, all the sudden high demand and not enough houses.
Of course, the cost to build went up....most people call supply chain issues, personally I speculate China added to the supply effect shortage to hurt our economy but Im just guessing.
I really dont care how much Elon is worth, he is expanding and creating alot of good jobs. The only problem I have with him is that he accepts government subsidies which is paid for via our stolen money, but other than that he can get as rich as he gets as long as he doesnt steal or cheat. He is not the problem, he is part of a solution. Innovation and more jobs.
Wealth shouldnt trickle down, nobody owes anybody crap. If people want money go earn it, go to school, start a business, work hard, stop wasting time smoking meth and shooting up bath salts. People need a solid currency, the right to keep the fruits of their labor and a vibrant free market economy. You will have problems no matter what system you implement, but this is the least worst.
The only thing I would add is having some time of regulations on mass monopolies may be acceptable, not letting one person buy up and control everything.