by: the Common Constitutionalist
You may have seen pictures of Elon Musk, CEO of Tesla Motors, playing amateur daredevil as he tried his hand at wing walking the other day. Yes, he’s happy-go-lucky, living high on the hog – his coffers full of government largess.
So dependent upon the government for its survival, Tesla’s 2014 annual report stated: “Our growth depends in part on the availability and amount of government subsidies and economic incentives.”
That’s a pretty bold and honest statement. Let me rephrase that. It’s a pretty bold statement, for to be honest, Musk’s company depends almost entirely on the generosity of us ignorant taxpayers, in one form or another.
They don’t sell many cars, and the money they do make is through a myriad of tax credits and other government giveaways. It’s a great scheme and the model for crony corporatism.