I’m Right w/ Jesse Kelly – The First TV – Broadcast December 13, 2024
Marc Morano: “The first place I’d recommend is for Elon Musk to cut his own federal subsidies — any that he’s ever benefited from EVs and even his space program and even Neuralink. Musk should start by cutting subsidies to billionaires like himself from the federal government.
Sorry, that may not be a popular view, but I don’t buy these billionaires making all of this money, including people like Ross Perot who most of his money was made off government contracts. Something is not right when that happens in America.”
Jessy Kelly: I don’t disagree with you at all, Marc, my brother. Thank you so much. I appreciate it.
Related:
Forbes Mag on Ross Perot & Government Contracts: Perot’s timing couldn’t have been better, as President Lyndon Johnson (another legendary Texan) was ramping up his Great Society programs and needed all the computing power Perot could muster to administer Medicare and Medicaid. EDS also revolutionized the claims-handling process for insurers Blue Cross/Blue Shield and worked with NASA and the Pentagon. …
Perot took EDS public in 1968 —it was the high-flying tech stock of its day. In 1971 the leftist magazine Ramparts tagged Perot as “America’s first welfare billionaire,” for the juicy margins on his government contracts. His billions grew. By 1984 EDS was processing healthcare claims and running government IT networks.
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How much of Musk’s wealth comes from tax dollars and government help? | CNN Business – “The foundation for Musk’s financial success has been the US government,” said Daniel Ives, tech analyst for Wedbush Securities. And the value of Tesla and SpaceX doesn’t come from their profits so far. By some measures, little of his wealth is thanks to taxpayers. Musk is worth an estimated $326 billion, according to Bloomberg’s real-time billionaire tracker. His companies have received “only” tens of billions from government contracts and programs.
Trump offers billionaires ‘expedited approvals’ on environmental projects – “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals,” Trump wrote on Tuesday. “GET READY TO ROCK!!!”
