If you haven’t heard, Elon Musk has just been named Time Magazine’s 2021 person of the year.
While I’m admittedly grumpy about media accolades like “person of the year”—recent recipients including Kamala Harris, Joe Biden, “Ebola Fighters,” and Greta Thunburg—It’s a breath of fresh air to see mainstream applause for someone who’s actually contributed something of value to our society. I mean, imagine that!
Time’s announcement came, unsurprisingly, with a barrage of complaints from the left-wing peanut gallery, furious that a wealthy entrepreneur was getting recognition. Leading the charge was Mrs. Tax-the-Rich herself: Senator Elizabeth Warren.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Warren opined on Twitter.
I’m not sure whether she intended to provoke a response, but that’s precisely what happened… And things got pretty salty.
Musk shot back with a Fox News article outlining Warren’s infamous lies about her Native American heritage. “Stop projecting,” he added.
He followed up: “If you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year.” Followed by, “Don’t spend it all at once … oh wait you did already.”
Zing! (He’s right, by the way… The Federal Government spends about $216,000 per second.)
”You remind me of when I was a kid and my friend’s angry mom would just randomly yell at everyone for no reason,” and “Please don’t call the manager on me, Senator Karen 🙏,” he added.
Now, I’m not here to tell you that angry tweeting is the best way to get your point across. And of course, calling Senators Karens isn’t going to win you any pageants, but given Warren’s endless screeching on how the rich are the source of all our problems, I get it.
If I was facing a potential $50 Billion tax bill and had Elizabeth Warren in my ear calling me a freeloader, I might be prone to a Twitter rant, too.
It’s not just Warren on this train, either: polling shows that 67% of Americans think we should significantly raise taxes for anyone earning over $400k per year—And 17% of Americans think billionaires shouldn’t exist at all!
I believe this is due to misplaced blame: college is indeed way too expensive, the healthcare system is swamped with red tape and price bloating, and social security is a Ponzi scheme.
But why blame the wealthy for these problems, which should really be taken up with our big-government behemoth? Politicians have had every opportunity to fix our problems through taxation and spending, and they’ve failed miserably.
Looters in congress spend our money more recklessly than a child spends quarters at a Chuck-E-Cheese. Then, they print fake money to cover up their abysmal habits, stealing from our savings accounts to do so. And to hide from accountability, they blame entrepreneurs and billionaires for being too “greedy.”
The answer to our problems isn’t that the government doesn’t steal enough money from us. It’s that the government is terrible with money.
No lender would look at someone in trillions of dollars of debt and decide that a higher line of credit is the answer. Still, congress routinely raises its debt ceiling, as they did this week by another $2.5 Trillion.
Frankly, more of the same old central planning isn’t going to create a magical utopia. Of course, if your family has read the Tuttle Twins and the Road to Surfdom, that’s old news to you…
As you likely know, here at the Tuttle Twins, we’re unabashedly pro-entrepreneur.
We understand that creators and innovators are crucial to the progress of mankind. We’re grateful for the risks taken by these folks, whether their ventures are in Silicon Valley or a small-town main street.
This title highlights the stories, struggles, and triumphs of some of our most important business figures from history and inspires young minds to think entrepreneurially in their own lives.
Or, I suppose you could let the socialists teach your kids how to feel about free enterprise. I’m sure they’d be more than happy to do so.
Until next time…