ignirtoq

I want to say upfront that I don’t subscribe to this argument myself, but the belief isn’t that people don’t want social programs. The argument is that society can’t afford them. Supposedly, if people’s basic needs are met by government programs that don’t require any work from them, then enough people will stop working that tax revenue will fall below required levels for those programs and the whole system will collapse. Therefore people blocking or otherwise countering these programs are actually saving people from themselves.

I don’t think it’s a good argument, but let’s not build a straw man.

After briefly pushing SpaceX’s market value close to $3 trillion, investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals.

Nothing in the stock market has been about fundamentals for a very long time. Especially regarding Musk companies.