i hope that one day creating trillions in economic value for the world will be seen as heroic, as wealth creation is the only thing we know to increase life standards within the nation & globally
Seth Harp @sethharpesq
Nov 5
Typical psych profile of a tech oligarch: Born rich but with below average intelligence. Anxious, anhedonic, antisocial, disagreeable, humorless, disliked by others. Bland on the surface, but driven by an implacable mania and shrewd aptitude for making money. Entirely amoral.
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it makes a lot of sense that billionaires are put under intense pressure from the people similar to what they go through now, but demonizing the making of money and concentration of capital will be the downfall of the western world if we go down that path
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money is infinite, allocating it is the only hard part. people significantly overestimate the governments ability to allocate money. you could give the government infinite money and they would be completely incapable of doing what elon has done for just a few billions
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so if allocating capital is the only hard problem, how do we solve it? luckily this is already solved without flawed human intervention - if you made billions of dollars you are probably really good at allocating money and it's by far the best proxy we have
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for example the state spent billions in making internet more available and connected no one, for the same money elon connected the entire world to high speed internet. and he created wealth instead of destroying it! now he has even more money to spend on similar projects
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clearly elon is one of the best capital allocators in the world, and so any kind of redistribution from "the evil billionaires" takes billions from his projects that help people and puts it into government projects like connecting zero people to the internet

Nov 6, 2025 · 7:33 PM UTC

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now redistribution is not the biggest threat to prosperity world wide. regulation significantly outweighs it - people pay 4x what their rent should be because some people decided that their ocean view should stay and old buildings are good. in big US cities you pay $2k/m for this
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building regulation, drug regulation, and energy regulation all destroy much more value than anything else you might imagine. all under the disguise of good intentions, we eradicate competition & innovation & profit margins
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