Producers and consumers

Diamond72 · Jan 19, 2023

Musk tells us on TED that he can produce a million dollars a min. He said that there is an axiomatic flaw where people see him as a consumer when he is not a consumer at all. Socialism is a system where one group produces and gives it to another group to consume. You have a group of people who produce nothing of what they want to consume. This is against the teachings of Paul in the Bible. Musk feels that within 10 years he will increase protection to where there will be plenty for all.

He does have an airplane but for the most part, he sold off all that he has. He has rich friends who let him use their property. He is working on an AI artificial intelligence that can produce income the same way he does. I was always raised to produce more than I consume so we can have an abundance. So we can invest what we can produce above and beyond our needs.

Musk does tell a story of a half hour meeting where an investor gave him 100 million dollars. So he is not limited to only being able to generate one million per minute of his time

durangodawood · Jan 19, 2023

He does his little part. But lots of other people are the ones mostly making this wealth.

Diamond72 · Jan 19, 2023

durangodawood said:
He does his little part. But lots of other people are the ones mostly making this wealth.

Not that many people, he is big on robotics and AI to do the work. There are plenty of jobs for people that want to work. The point is that Musk claims he is a producer, not a consumer. I was raised my whole life to be productive. Yet there are people who think they can sit down and do nothing and we should just give them money. I was not raised where you reward people for being unproductive. I was always taught that everyone has to do the best they can to contribute to the common cause to the best of their ability.

durangodawood · Jan 19, 2023

Diamond7 said:
Not that many people, he is big on robotics and AI to do the work. There are plenty of jobs for people that want to work. The point is that Musk claims he is a producer, not a consumer. I was raised my whole life to be productive. Yet there are people who think they can sit down and do nothing and we should just give them money. I was not raised where you reward people for being unproductive. I was always taught that everyone has to do the best they can to contribute to the common cause to the best of their ability.

How many people work at Tesla?

AV1611VET · Jan 19, 2023

Diamond7 said:
Musk tells us on TED that he can produce a million dollars a min.

I can do it in thirty seconds; but I'll end up in prison for it.

Hans Blaster · Jan 19, 2023

Where's the science content? This looks like politics.

Diamond72 · Jan 19, 2023

AV1611VET said:
I can do it in thirty seconds; but I'll end up in prison for it.

Usually, people go to prison when they steal what someone else has produced. Of course, socialism is just a legal way to rob peter to pay paul.

Diamond72 · Jan 19, 2023

durangodawood said:
How many people work at Tesla?

Around 100,000 employees produce 3 million Tesla's a year.

durangodawood · Jan 19, 2023

Diamond7 said:
Around 100,000 employees produce 3 million Tesla's a year.

Ok, so theres a lot of people making all this wealth. Its just false for one guy to say "I made it".

Diamond72 · Jan 19, 2023

durangodawood said:
He does his little part. But lots of other people are the ones mostly making this wealth.

His little bit produces a million dollars a minute. Can you produce that much in that little amount of time? If you could you would have lots of people lined up to give you lots of money. My son is like that. They are constantly throwing money at him. He is a computer engineer. He is working on putting new furnaces in a steel plant right now. The last job he had was repairing the robotics at an Amazon warehouse. He makes the same amount with a bachelor's degree as my niece makes with a PhD in chemistry working for NASA in Texas.

Diamond72 · Jan 19, 2023

durangodawood said:
Ok, so theres a lot of people making all this wealth. Its just false for one guy to say "I made it".

It is sort of like the key on a car, which is a computer chip nowadays. Something very small gets that car started and it would not run without that tiny computer chip. I have been watching people on YouTube that invest in salvage cars. They literally scrap out a car because it will not start. These guys find out why it will not start and invest maybe $1000 to fix it and they make good money because NOW you have a running car. It is common for them to buy a car for $20,000 and sell it for $40,000. All because a sensor goes out and the owner does not seem to be able to get it fixed and get the car running.

Look at all the immigrants flooding the borders trying to get into America to find a job. If they are so good at generating wealth, then why are they looking for a job? Why are people not lined up to hire them? We can get you all the workers you can handle. Put them to work and see how much wealth you can get them to generate.

durangodawood · Jan 19, 2023

Diamond7 said:
His little bit produces a million dollars a minute. Can you produce that much in that little amount of time? If you could you would have lots of people lined up to give you lots of money. My son is like that. They are constantly throwing money at him. He is a computer engineer. He is working on putting new furnaces in a steel plant right now. The last job he had was repairing the robotics at an Amazon warehouse. He makes the same amount with a bachelor's degree as my niece makes with a PhD in chemistry working for NASA in Texas.

Thats terrific. But Elon Musks claim is like if your sons boss was claiming he does all the work.

Neutral Observer · Jan 19, 2023

Just a question, what metric are we using to determine how much a person deserves? Because as far as I can tell everybody gets pretty much exactly what they deserve. Nobody ever gets less than that, and nobody ever gets more than that. Otherwise it's like getting into an argument with evolution about which species deserve to die and which ones deserve to thrive. I think that you're gonna lose that argument every time.

Diamond72 · Jan 19, 2023

durangodawood said:
Thats terrific. But Elon Musks claim is like if your sons boss was claiming he does all the work.

I am still waiting for you to get people to generate one million dollars for you. There is only one richest person in the world. Musk is building rockets for NASA for Million when they were paying Billions. How many people were involved in Musk saving the tax payer all that money?

"In 118 space missions, NASA saw an average cost overrun of 90%. Over 16 missions, SpaceX saw an average cost overrun of 1.1%."

SpaceX is 10X cheaper with 30X lower cost overrun than NASA in lifting payload into space. Why? Because SpaceX is platform-based, NASA not.

durangodawood · Jan 19, 2023

Diamond7 said:
Look at all the immigrants flooding the borders trying to get into America to find a job. If they are so good at generating wealth, then why are they looking for a job? Why are people not lined up to hire them? We can get you all the workers you can handle. Put them to work and see how much wealth you can get them to generate.

I think mainly because the opportunities for creating wealth are pretty scarce in their home countries. Generating wealth requires a lot of background conditions, infrastructure, public safety, education, access to credit etc etc.

And if youre not an entrepreneur, generating wealth requires jobs you can slot into where your labor creates value. Those are pretty scarce too in the home countries.

Diamond72 · Jan 19, 2023

durangodawood said:
I think mainly because the opportunities for creating wealth are pretty scarce in their home countries.

My wife is from a third-world nation and that is what she talks about is the lack of opportunities. People want to come to America because there are a lot more opportunities here.

AV1611VET · Jan 19, 2023

Diamond7 said:
My wife is from a third-world nation ...

By any chance, is it in the 10/40 Window?

Diamond72 · Jan 19, 2023

AV1611VET said:
By any chance, is it in the 10/40 Window?

She is from the Philippines. Although she worked in Hong Kong for 9 years after she graduated from College.

FrumiousBandersnatch · Jan 22, 2023

Diamond7 said:
Socialism is a system where one group produces and gives it to another group to consume. You have a group of people who produce nothing of what they want to consume.

Not sure what you had in mind (capitalism?), but socialism, in principle, involves the collective ownership of the means of production, i.e. the people produce what they want to consume.

Although, in practice, it generally means state-owned or nationalised industries.

Diamond72 · Jan 22, 2023

FrumiousBandersnatch said:
Not sure what you had in mind (capitalism?), but socialism, in principle, involves the collective ownership of the means of production, i.e. the people produce what they want to consume.

There is a faulty premise to say there is something to be consumed. I saw a "video" on youtube where Musk turned down 1.2 trillion dollars from an investment group. Mostly because he did not need the money. He would rather go public than have private investors. Jeff Benzo sold 10% of Amazon for a million dollars. Now that 10% is worth 100 billion dollars. I wanted to invest in Benzo but they said he was high-risk at the time. I should have followed my premonition.

Would you turn down a million, billion, or trillion dollars if you had an investment group want to give it to you?

Musk continues to lower the prices. He predicts within 10 years we will have an abundance at very low prices so that they will be plenty for everyone. With no government regulation needed. Musk has no intention of gouging people to put money in his pocket.

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