Americas economic engine is outperforming this centurys expectations whether the Dems like it or not

America became home to the world’s first trillionaire last month when Elon Musk’s SpaceX went public.Musk earned his success, although he shares some measure of it with his adopted home.There’s a reason why he was able to establish the world’s largest satellite internet provider in America — a company that developed and perfected reusable booster-rocket technology and dominates the commercial spaceflight landscape — and not in Russia, China or, most inconceivably, Europe.If Musk owes America a debt, it is only one of gratitude.

But Democrats seem to believe that he owes this country much more than that.And if he’s not inclined to pay the tab Democrats believe he’s run up, they’re going to take it.Musk’s money is really “our money,” Sen.

Ed Markey of Massachusetts declared, citing a report on how much of SpaceX’s massive valuation is only due to its government contracts.As if federal contracts were little more than kingly beneficences that can be revoked at will.Other Democrats didn’t even bother to look for a pretext to justify their covetousness.

“Trillionaires shouldn’t exist in a moral society,” tweeted Rep.Jim McGovern of Massachusetts.

Confiscating Musk’s wealth, irrespective of the federal government’s needs, is an ethical imperative.Indeed, to hear the left tell it, using tax policy to punish Musk is the least America can do given its contributions to the criminally negligent policies that made him the world’s wealthiest man in the first place.“The level of wealth that Mr.Musk has reached requires human exploitation, wage theft, wage suppression, anti-competitive markets, monopolistic control, price collusion, inadequate tax systems and corruption,” the author and progressive strategist Erica Payne insisted.This is a child’s view of economics.

These outlooks take no account of the book-value wealth Musk created not just for himself but also for his employees, several thousand of whom became overnight milliona...

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Publisher: New York Post

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