> Tesla does not need US handouts, subsidized loans and other craptrap. If the biz/product is a winner it will do fine.
If that's truly your belief, let's carry it out across the board to be fair and complete. No more subsidies, exemptions or bailouts for banks, Wall Street, oil companies, mining companies or religions (via income tax exemptions). Oh that's right. Those are approved and supported by the Republican party. So those are perfectly ok.
But if it is about say solar, wind, tidal, or geothermal energy, or about science, education, helping the unemployed, the sick, disabled, elderly, retired -- those are what we should be spending less on as taxpayers and just let nature take its course. Let the "market" decide the winners and losers. If they can hack it on their own, the market will reward them with enough cash. Otherwise they die. There is absolutely no other long term consideration we should be taking into account, no strategic concerns, no follow-on effects, no externalities (those don't exist in a proper capitalist/rightwing/libertarian mindset, it seems), and certainly no moral considerations to be had. And there is no such thing as climate, ecosystems, or species other than humanity or the ones we pet or put on our plates -- that's liberal hippy talk. Science? A thinly-veiled conspiracy against my Bible. Also there's no need for any business or startup to ever do any R&D spending up front that doesn't have an immediate return via product revenue. That's just insane and asking for trouble. Any new idea must be profitable and able to stand on its own legs in year one, on day one -- nay literally within moments of conceiving of it. Period. No exceptions for ramp-up time, for execution risks, experimentation, taste shifts, refinement, pivoting, serendipity, or market events beyond one's control. That's all weak-minded liberal talk.
$500M loan to one particular solar company that folds? Travesty. Trillions spent on unnecessary wars in Iraq and Afghanistan started by the last Republican administration? Crickets chirping because apparently perfectly ok. Chance a few more blacks or elderly or college students might get to vote -- and not for the candidate I want? Tragedy. Billionaires now being able to spend effectively unlimited amounts of cash to flood media with dishonest ads backing their favored candidate? Perfectly ok. Because the market is always right. Government always eeeevil (eg. Social Security, teachers, firefighters, roads, libraries, schools, defense). Market always guuud (eg. Enron, Deepwater, Goldman Sachs, AIG).
How about no more subsidies for interest on Debt, in particular real estate-residential? Isn't it great getting tax breaks on that $1-3 million home? Every year for you? A working couple at median income pay THEIR ENTIRE TAX BURDEN to offset your nice house subsidy in SF? Isn't that great?
But, like the above example, you are completely missing the point. There is little new or interesting. Just re-hash of political talking points.
THERE IS ALREADY TOO MUCH MONEY investing in the Valley. Where do you get the idea there is a shortage? Gov't stepping up might be OK if there was actually a shortage of opportunity (but there is not).
Elon Musk has every advantage of raising capital. He's rich. Friends in high places (also rich). Proven ability to get publicity. Proven ability as a business entrepreneur. The only reason for people <not> to invest with him, is they don't think it's a great idea.[1]
If that's truly your belief, let's carry it out across the board to be fair and complete. No more subsidies, exemptions or bailouts for banks, Wall Street, oil companies, mining companies or religions (via income tax exemptions). Oh that's right. Those are approved and supported by the Republican party. So those are perfectly ok.
But if it is about say solar, wind, tidal, or geothermal energy, or about science, education, helping the unemployed, the sick, disabled, elderly, retired -- those are what we should be spending less on as taxpayers and just let nature take its course. Let the "market" decide the winners and losers. If they can hack it on their own, the market will reward them with enough cash. Otherwise they die. There is absolutely no other long term consideration we should be taking into account, no strategic concerns, no follow-on effects, no externalities (those don't exist in a proper capitalist/rightwing/libertarian mindset, it seems), and certainly no moral considerations to be had. And there is no such thing as climate, ecosystems, or species other than humanity or the ones we pet or put on our plates -- that's liberal hippy talk. Science? A thinly-veiled conspiracy against my Bible. Also there's no need for any business or startup to ever do any R&D spending up front that doesn't have an immediate return via product revenue. That's just insane and asking for trouble. Any new idea must be profitable and able to stand on its own legs in year one, on day one -- nay literally within moments of conceiving of it. Period. No exceptions for ramp-up time, for execution risks, experimentation, taste shifts, refinement, pivoting, serendipity, or market events beyond one's control. That's all weak-minded liberal talk.
$500M loan to one particular solar company that folds? Travesty. Trillions spent on unnecessary wars in Iraq and Afghanistan started by the last Republican administration? Crickets chirping because apparently perfectly ok. Chance a few more blacks or elderly or college students might get to vote -- and not for the candidate I want? Tragedy. Billionaires now being able to spend effectively unlimited amounts of cash to flood media with dishonest ads backing their favored candidate? Perfectly ok. Because the market is always right. Government always eeeevil (eg. Social Security, teachers, firefighters, roads, libraries, schools, defense). Market always guuud (eg. Enron, Deepwater, Goldman Sachs, AIG).