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Who Do You Trust to Make Better Investment Decisions? Elon Musk or Chucky Schumer?

Elon says some crazy things sometimes, but his provocative point about why soaking the rich with taxes can be counterproductive for the economy and workers makes a lot of sense to us.

MUSK: “It does not make sense to take the job of capital allocation away from people who have demonstrated great skill in capital allocation and give it to, you know, an entity that has demonstrated very poor skill in capital allocation, which is the government. I mean, if you think of the government essentially as a corporation in the limit, the government is simply the biggest corporation with the monopoly on violence and where you have no recourse. So how much money do you want to give that entity?”

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