I'm a bit out of the loop, but has SpaceX not been profitable for the last 4 quarters? I understand they're investing a lot into R&D for Starship but I was under the impression they've been making a killing on Starlink.

Absolutely, that's the main reason there's been a push for that for decades. It's a giant pile of poor people's money that rich people can't easily skim from, and they'd really, really like to. Once it's "in the market" they gain all kinds of options for turning some of that money into their money, some immediately, some with tweaks to laws or policy.

Way better returns when you take charge of your investments rather than bitching about the government, anyone can be a millionaire with minimal effort, just being smart.

> Social Security replaced with an index

Yes please!

I learned just how bad of a deal Social Security is when an employer (a bootstrapped startup) offered a predatory 401k plan. It was free for my employer to setup but the employees were stuck with extremely high fees. It was so bad that John Oliver made an episode[0] about it!

Yet, even for the worst 401K plan in America, the projected retirement returns were 1600% of the Social Security returns. Even America's worst 401K would be better for the average consumer than the federal debacle

Uncle Sam should sunset SSI and allow citizens to select from and move freely between a number of accredited funds.

[0]: https://www.youtube.com/watch?v=gvZSpET11ZY

Who knows, I mean it would certainly make it easier for them to turn the entire population into their bag holders. Don't even have to hype the company any more or spin up a bunch of bullshit about space.

Not to mention that they always harp on it being supposedly unsustainable and insolvent, while deliberately not mentioning that it is solely because the social security is the most regressive tax, where the more you earn the lower your rate.

If it was a flat tax where everyone paid the same percentage of instead of a regressive tax where only working people pay the rate, then social security would be well funded.

Obviously they don’t want to pay the same tax rate as working people, so theyd rather get rid of social security instead.

Not sure why you are getting downvoted. This is exactly right. They want a constant source of buying that they can steer investments into.

I am a non billionaire and I would prefer Social Security to go away.

Mathematically, there is no alternative to the purchasing power of my Social Security benefits being reduced, simply due to the changes in the population age histogram.

It has to become more and more of a wealth transfer from the working to non working, which means my kids will benefit less and less from their work.

Pretty much everyone already has an index based retirement fund.

I think it really speaks volumes that they only thing you have on Obama is that he spent $70M with Russia to get astronauts to the ISS in an effort to show them that we could be partners (versus them lose a million people in a war with Ukraine).