Elon Musk to be Arrested / Trump's Best Idea Yet.

this is absolutely wild in the same day

we've got one side suggesting that Elon

Musk could be Donald Trump's best idea

yet while on the other hand there's now

a call to have Elon Musk arrested let's

try to understand what's going on here

and why is everybody talking about Elon

all of a sudden so let's get started uh

first The Wall Street Journal editorial

board which it's worth noting that an

opinion piece and it doesn't necessarily

represent the opinion of the Wall Street

Journal but it's done by a group of

people who work at the Wall Street

Journal and they give opinions on

popular topics or whatever they argue

that Donald Trump's best idea yet is

unleashing Elon Musk on the government

they go as far as arguing that the last

time we've seen something like what Elon

Musk is proposing running a government

efficiency con uh Commission

was back in the 80s and the last time we

did it in the 80s we saved a whole lot

of money now it's worth noting that the

Wall Street Journal editorial board

isn't all in favor of everything that

Donald Trump is proposing but they love

the idea of Donald Trump saying quote I

will create a government efficiency

commission tasked with conducting a

complete financial and performance audit

of the entire federal government some of

the things that are expected would be

identifying and cutting out fraudulent

payments coming from the government to

people applying for payments they're not

entitled to whether that's welfare fraud

whether that's employee retention tax

credit fraud or many of the other forms

of Medicare or otherwise fraud that goes

on or uh or I should say in addition to

that there could also be ways of

evaluating government spending when it

comes to taxpayer efficiency

infrastructure spending defense spending

Pentagon spending job training at the

government you name it and the Wall

Street Journal editorial board says who

better to do this than Elon Musk who has

done so much more than NASA at his

company SpaceX somebody who knows

efficiency now this stands entirely in

the opposite of this now call to arrest

Elon Musk which we'll talk about in just

a moment but just to think about this

for a moment I dug into this a little

bit back in the 80s Reagan had something

known as the grace commission the grace

commission made a

2,478

recommendations to the Reagan

Administration at the time to help save

the US government a boatload of money

now I'm going to throw some numbers out

here just trigger warning they're big

the grace commission projected that

their recommendations would save

424 billion million dollar over 3 years

which is over

$1.28 trillion in

today's and $115 billion 84 immediately

which is about 348 in today's basically

like $1.5 trillion in savings and even

more than that potentially twice as much

of that by the year2000 so over about a

16-year period in other words it would

save a whole heck of a lot lot of money

and the Wall Street Journal editorial

board says at a time when our budget

deficits are at a record highs every

single year we're in the freaking red

the federal debt is so far over $30

trillion and growing so rapidly and our

expenses going to debt have gone so

parabolic thanks to well frankly

interest rates being as high as they are

a lot of folks are saying this is

exactly what the government needs at

this time now that doesn't stop somebody

from saying Elon Musk should be arrested

which we'll talk about in a moment but I

do think it's worth taking a Peak at

just how bad the debt is United States

debt expense let's give that a look and

let's take a look at the chart first

we'll look at the total debt and then

we'll look at the interest payments are

you ready for that no wrong but there we

go federal debt total public debt right

now

34.8 trillion

look at that explosion over here and I

understand we had a big explosion during

Co I mean we basically went from $23

trillion to 28 like instantaneously in

the span of roughly a year which is

crazy I mean for that amount of money it

feels instantaneous but we've added on

even more than that I mean we did at $5

trillion after in the year after Co and

then since then we've added on another

$6 trillion it's

insane uh but anyway then when you look

at the current interest payments look at

this federal government current

expenditures interest payments look how

these interest payments have absolutely

exploded it's no wonder Drome Powell

says the US government is on an

unsustainable fiscal path now it is

worth looking at this we're going to

type this in okay uh debt payments as a

percentage of GDP United States okay

this gives you a little bit more of a

benign take but it shows you that as a

percentage of our gross domestic product

we're not that horrible but we're

definitely at all-time highs as a

percentage of GDP which is not great uh

it's definitely lagged up it hasn't

lagged up as much as I feel like some of

the other numbers which have started to

go parabolic but uh it's definitely a

problem so that's a total number of debt

now another thing you could look at is

outlays now this is going to be interest

so how much as a percentage of GDP are

we actually paying in interest this

one's actually the least bad look at

this we were actually worse off in the

'90s how is that possible it's crazy

higher interest rates on more government

debt for longer right uh now obviously

if rates stay higher for longer it we

will quickly surpass these Peaks over

here but interestingly right now we're

paying just under 22% of our total gross

domestic product on interest few ways to

get rid of debt and then we're going to

talk about the arrest of Elon Musk few

ways to get rid of debt is you can spend

less which is a nice way to get rid of

debt just spend less and then pay off

your bills which is a good idea that's

option one another option is you could

actually just innovate and grow grow the

economy when the economy grows larger

and faster you get more

inflows and that gives you more tax

receipts which means you could reduce

the debt and the other way to go with it

is just inflate it away basically make

the underlying value of the money worth

less over time and uh then it becomes

easier to pay off like the debt that we

had the total public debt that we had in

the 80s for example under a trillion

dollars of debt is worth a whole lot

less than it is today it's like one

third as much as it's actually worth

today because the dollar has lost so

much purchasing power which is why

people are enthused about like gold or

Bitcoin or otherwise it's a different

topic though so interesting not bad it

is also worth noting that federal

government trust has fallen to just 22%

which is near a historic low trust in

government and the grace commission from

that Reagan administration reported that

onethird of income taxes are just

literally wasted or burned on

inefficiency another third are lost to

the underground economy and then the

other third goes to interest on debt

transfer payments and then presumably a

growth of debt for paying things like

defense and other Federal outlays

infrastructure and whatever but they

basically make this argument that if

onethird is gone due to the underground

economy and onethird is gone due to

inefficiencies you're basically wasting

2third or the vast majority of the M

money the government actually collects

which then makes you wonder

like pretty much what you're collecting

from people is just getting lit on fire

and you should just like figure out how

to run the government more efficiently

and stop taxing people so much H what a

surprise that actually sounds like a

great idea but of course implementing

those great ideas into practice is a lot

harder than

justop which is apparently why this guy

that Elon absolutely hates uh called uh

Robert Reich wants Elon Musk to be

arrested now elon's bash this guy a lot

they these guys like absolutely hate

each other but Robert Reich he was the

former labor secretary under Bill

Clinton he's a policy professor over at

Berkeley he just wrote an oped in the

guardian and he goes off on musk and

I'll give you first his recommendations

and then I'll tell you why his arguments

are that you need to reain in musk and

that everybody should immediately

boycott Tesla stop buying Teslas

basically just like if you want to ruin

musk just ruin boy like Tesla so that

way uh you fund musk less is the idea

boycott X and he's specifically

referring to advertisers saying don't

advertise on X like stop spending money

on X uh and just again burn musk's

Capital because the theory is if you

burn the money MUSC has he's able to

spend Less on his Super PAC donating to

try to elect Trump which is another

thing that Robert doesn't want he

doesn't want you to vote for Trump so

that's three boycott Tesla boycott X

don't vote for Trump then he says the

FTC should remove lies that in danger

individuals on X and basically force x

to comply the US should then terminate

its contract with that's five us should

terminate its contract with SpaceX

believed to be worth around $1.8 billion

and and then if musk doesn't comply with

either the EU or the US in censoring

content musk should be

arrested now it's interesting because

you do get uh Reich who makes this

argument who says that musk is a free

speech absolutist but but but Reich

argues that musk has accepted 80% of the

censorship requests that have come to

Musk from

uh countries like India and turkey now

uh this information comes from a paper

called I'll probably screw it up but it

comes from a paper called El pce P

anyway uh that paper is based out of

Madrid they have a slight left tilt they

are considered high in facts uh so let's

just assume for a moment that they are

but if you just Google it it pay and

type in I don't know uh Elon Musk

83% sensor that should come up yeah

there it is under Elon Musk Twitter so X

has approved 83% of the censorship

requests by auor authoritarian

governments and they're talking about

turkey and India which when you actually

read the document or or the article they

talk about how these countries have

passed pretty restrictive laws on uh

basically moderating content some of

which people say is used to help keep

current parties in power not a surprise

that stuff happens in the United States

as well and uh Reich makes the argument

that see Elon must says he's a free

speech absolutist but but how dare he

censor over here at the request of these

countries but remember for a moment Elon

Musk has always been very clear that his

intention is to just follow the law of

whatever land he's operating in of

course we could talk about the South

America issue but separately there's

there's a lot to talk about I don't want

this video to go on forever but the idea

here that Elon is simply following the

law in turkey or India and now trying to

use that against him I think is a little

bit of a weak argument I think this

Robert guy can be a little bit of a nut

job but it's uh maybe that's an

understatement but it is interesting to

to listen to this because when I listen

to these and I read these perspectives I

can't help but regularly think to myself

man this is unfortunately the problem

with Elon having basically gone to war

war with people that are I would say

more on the further left fringes like

you know Lauren she my wife she leans

left uh I'm way more in the center I

think I'm basically 5149 and and that

sort of tilts left and right depending

on uh you know the way I wake up I guess

but no generally just in the middle uh

and what's interesting is she doesn't

have a hate for Tesla she's also not I

think an extremist she doesn't have a

hate for Tesla doesn't have a hate for

Elon but there are a lot of folks uh in

left leaning parties or left leing with

left leading ideals and say you know

what I'm I'm not going to buy a Tesla

I'm not going to support Elon because of

his support for Trump someone that a lot

of people find vile or very offensive

who don't want to vote for Trump and

then even people who are voting for

Trump do think of trump as vile and

offensive but they're like look like the

big argument for voting for Trump is

ignore the person focus on the policies

how are your taxes going to change your

your business Investments whatever like

how will your family be better or worse

off under a certain President right so

anyway I find that very interesting but

this comparison that he makes to paval

durov from telegram is is pretty you

know blunt he's basically like we should

arrest Elon just like P pavl was was

arrested mind you he is still stuck in

France he paid a bond to get out of jail

but he still got a court hearing coming

up and it's wild because basically you

know didn't follow the censorship rules

and they got arrested and elon's been

threatened too so makes you wonder is it

possible that Elon could be in that boat

at some point too and uh it just I guess

as somebody who just really wants to see

Tesla succeed I uh I do get a little

frustrated at at the can of worms that X

has opened and I'm not convinced that X

has really provided a lot of value for

Tesla but who knows there's an argument

that at some point in the future xai

will help Tesla or that may be already

has I'm not so sure about that I know a

lot of Tesla Engineers have been hired

over to xai because you know otherwise

Microsoft was going to poach them so The

Story Goes I I I don't know I don't know

there's some there's just weird stuff

going on uh but uh let me give you sort

of a bottom line out of all this

government efficiency commission big fan

I totally agree with the Wall Street

Journal editorial board and I agree that

Elon would be great at giving ideas

that's not to say that somebody

whoever's president has to listen to All

of the ideas or or rather I should say

Implement all the ideas but at least

hear them out

right as far as arresting musk and

boycotting Tesla or X I'm not a big fan

of any of this I'm a big fan of elon's

approach of look everybody should just

follow the law kind of like he does in

turkey and India follow the law to the

extent uh that uh that that that is what

the law of the land is not you know some

imposition of uh dick tots or whatever

uh and uh and and then ultimately focus

on freedom big fan of that so so I'm

hugely in support of that um as far as

this this idea again of boycott Tesla X

I think some of this is just Looney but

that is what's happening out there and

it is unfortunately a risk factor for

Tesla investors uh as far as uh the the

amount of money that could be saved

through a government efficiency

commission I always find that to be a

little difficult uh to evaluate because

these government efficiency commissions

they can come up with a lot of really

good ideas but then try to practically

Implement those ideas and that's a whole

different ball game there's a reason why

the joke is there's nothing more

permanent than a government program

that's why there's also this joke that

Democrats might introduce temporary

programs but Republicans who argue that

they want to clean up the budget they

come in and they don't want to take away

those programs because those programs

would be seen as a tax increase and

Republicans don't want to be seen as

increasing taxes so again Democrats new

programs Republicans well we're not

going to take them away cuz that be a

tax

increase this is why the founding

fathers came up with a system that is so

like in other words like nothing gets

done uh on purpose to try to keep the

government from introducing too many

crazy programs like Gavin nome's program

or at least the bill the California

legislature passed last month to give

undocumented immigrants up to

$150,000 in down payment assistance now

sure if they went to sell the home in

the future they'd have to pay a small

little increase in percentage towards

the home equity gain of the property

but Gavin Nome vetoed that but he vetoed

that because it was so politically hated

and I think everybody's pretty much on

the same page that he's probably going

to be lining up to try to run for

president in 2028 unless kamla wins here

in 2024 she'll probably go for it a

second term in 2028 so Nome would be

more like a 32 Trump wins though you can

bet your Barnacles nome's going to be

lining up 28 he's out of California in

26 let's go anyway if you like this

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