Guest Post by Eric Peters
Elon Musk may be the ultimate crony capitalist – the PT Barnum of our time.
But to give PT his due, he was an honest con man.
He never used the government to make his marks hand over their money. People stepped right up without a bayonet in their backs.
Elon, on the other hand, depends entirely on the coercive power of government to line his pockets. Take that away and Musk goes away.
Unfortunately, he’s not going away. He’s going deeper.
Automotive News reports that Musk is not only fleecing taxpayers via multi-tiered subsidies for his electric turduckens. That’s old news.
Here’s the latest news:
The Michigan Department of Treasury has bought (with funds fleeced from taxpayers) 339,623 shares of Tesla stock – the proceeds of this “investment” (if there ever are any) to be used to fund the pensions of retired state workers.
Priceless.
The small termites helping feed the queen – so to speak.
Continue reading “Now Uncle is “Investing” in Tesla”
