Contributors

Friday, May 25, 2012

The Future is Now!

Sometimes it seems like the future will never get here. We don't have flying cars, or personal jetpacks, or vacations on the moon. Well, today the future is now!

This morning the first commercial spacecraft docked with the International Space Station. SpaceX's Dragon capsule was captured by the station's robotic arm after performing several maneuvers to demonstrate the safety and maneuverability of the spacecraft.

SpaceX was founded in 2002 by Elon Musk, one of the cofounders of PayPal, the online payment service. Musk was originally from South Africa. In 2008 SpaceX got a NASA contract to delivery supplies to the space station.

Musk also founded two other companies: Tesla Motors, which makes electric cars, and SolarCity, which builds solar power systems. He recently joined the Giving Pledge, founded by Bill Gates and Warren Buffett.

How are other high-tech millionaires moving us into this brave new world?

After leaving Microsoft Bill Gates has worked full-time at the Gates Foundation. The organization is focused on improving global health, agriculture, and financial services for the poor, and libraries and education in the United States.

Peter Thiel is another of PayPal's cofounders. Originally from Germany, Thiel was recently in the news for his support of Super PAC supporting Ron Paul. Thiel is now a hedge fund manager and venture capitalist. He has also donated half a million bucks to the Seasteading Institute, which envisions building platforms out in the middle of the ocean to form independent micronations and abandon their home countries to avoid taxes and regulations.

Facebook cofounder Eduardo Saverin got very rich when Facebook went public. He recently came under fire for giving up his American citizenship (he was originally from Brazil) and moving to Singapore to avoid paying capital gains taxes on the Facebook IPO. Note that capital gains are taxed at the measly rate of 15%.

Saverin came under fire by many, including New York Senator Charles Schumer, for dodging $67 million in taxes. Schumer has proposed legislation to hold ex-patriots accountable for skipping out on taxes. This prompted Grover Norquist to defend Saverin and compare Schumer's proposed legislation to Nazi-era German law.

One issue in the 2012 election is the huge disparity of wealth in his country. Conservatives seem to now believe that the wealthy don't owe anyone anything. Republicans who once prided themselves as the party that stood for patriotism and loyalty now think it's just fine to desert their country for a few bucks.

Being rich in and of itself doesn't make you good or bad. It's what you do with the money that matters. Gates and Musk are helping their country and the world by improving education, energy efficiency, creating new technologies and opening a new frontier in space.

Conservatives like Thiel and Saverin's defenders seem to feel no responsibility toward the country that made their vast wealth possible. They see no problem jetting off to Singapore or setting up their own island fiefdoms to avoid the taxes that pay for the defense, education and infrastructure of the country that made their great wealth possible.

To make this concrete, Saverin's flight to Singapore means the Defense Department will be out about $13 million. That would buy a lot of body armor for our troops in Afghanistan.

Musk and Gates are working to make this country and the world a better place, while Thiel and Norquist seem to be all about the Benjamins. Who are the real patriots?

3 comments:

last in line said...

Chuck Schumer knows his law is a Bill of Attainder...it's all for show.

Writing a large check to the IRS doesn't equal patriotism. There's a difference between being a patriot and being a sucker.

juris imprudent said...

Conservatives seem to now believe that the wealthy don't owe anyone anything.

Yeah, every conservative I ever pay any attention to is always going on about how the rich should pay NOTHING, not one thin fucking dime, in taxes. Every single conservative.

Why are liberals such retards?

The Real Markadelphia said...

Some aren't, some of us are liars for the Cause. But I'm both a retard and a liar. That's why it's so easy to spot the idiotic strawmen and contradictions. But I'm slippery like an eel and adept at dispersing squid ink across the page to evade, distract, and deny.