Elon Musk Demands a Carbon Tax

Guest essay by Eric Worrall

Buys Bitcoin, bans bitcoin for Tesla purchases because of the Carbon Footprint, praises Dogecoin, calls for a Carbon tax.

Tesla CEO Elon Musk renews call for carbon tax

‘It’s not like we shouldn’t have carbon-generated things, there should be a price on this stuff,’ he recently said on a podcast.

By Louis Casiano FOXBusiness

Tesla CEO Elon Musk renewed calls for a carbon tax Thursday, a suggestion he said was rejected by the Biden Administration because it was “politically difficult.”

“It is high time there was a carbon tax!,” Musk, the head of Tesla, the electric car company, and SpaceX, simply tweeted. 

Musk’s comment came a day after he said Tesla would no longer accept bitcoin for vehicle purchases because of concerns over the environmental cost of bitcoin mining. 

Read more: https://www.foxbusiness.com/politics/elon-musk-carbon-tax

Can’t help wondering if Musk is risking a letter from the SEC. Comments which cause the price of commodities to swing wildly in different directions are sometimes interpreted as deliberate market manipulation, though I don’t know enough about securities law to give an opinion about whether Musk crossed the line.

As for Musk’s call for a carbon tax, here’s a thought Elon. How about you improve the affordability of your product, so you don’t need government help to sell more Teslas? In my opinion a call for a carbon tax is a heartless attack on poor people, an admission the alternative to fossil fuel is too expensive to thrive without government coercion.

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May 14, 2021 6:13 pm

Elon Musk. We have the technology to remove ALL emissions from combusted coal exhaust. Coal power plants can operate with ZERO emissions.
We want to show you how. Contact us.

dk_
Reply to  Sid Abma
May 14, 2021 6:58 pm

Sid, looked you up. Liked the product. Wish you success. Get rich and buy out Elon. Please.

Last edited 1 month ago by dk_
Reply to  Sid Abma
May 14, 2021 7:04 pm

Hi Sid.
He is actually looking for people like you.

It is true that he buys bitcoins, bans bitcoins, praises dogecoins, and calls for carbon tax but he is also calling for CO2 removal.

Please see

https://tambonthongchai.com/2021/02/09/a-climate-removal-plan/

Reply to  Sid Abma
May 15, 2021 5:27 am

We need more CO2 — not less … https://www.youtube.com/watch?v=Xcc5-ApXFm8

Tom Halla
May 14, 2021 6:33 pm

Carbon taxes are definitely a regressive tax, in the original sense of regressive. Screwing poor people is the intent, keeping the peons in their place.

Tom Abbott
Reply to  Tom Halla
May 15, 2021 8:22 am

Yes, any tax on transportation is going to hurt the poorest people the most. There’s no way around it.

I just heard New York’s governor Cuomo dismiss a carbon tax, for various reasons. I thought that was a little odd for a Democrat, but there you are.

The only way to keep from harming the poor people is to restrict taxes to general revenues. Poor people don’t pay general revenue taxes because they don’t make enough money to pay taxes. So an increase in general taxes will not affect them, whereas an increase in any transporation tax will affect them directly in the cost of fuel and also in the increased cost of everything else as a result of increased transportation taxes.

There should be no taxes on transportation. It harms the entire economy, rich and poor. Another way should be found to pay for roads and bridges.

Any need for increased tax money should be aimed at people who make enough money to pay taxes, not at the poor. Raise the general tax rate, not the transportation costs.

Derg
May 14, 2021 6:33 pm

I would love to be a billionaire and show people the idiocy of the green movement.

Scissor
Reply to  Derg
May 14, 2021 7:21 pm

Musk is more than 10% on his way to becoming a trillionaire. Sounds like he’s leading the green movement.

Rhys Jaggar
Reply to  Scissor
May 15, 2021 12:34 am

He’s leading the Elon Musk get rich quick movement, more like.

Alexy Scherbakoff
May 14, 2021 6:35 pm

Cryptocurrency isn’t really a commodity under SEC authority.

Tom in Toronto
Reply to  Alexy Scherbakoff
May 14, 2021 7:07 pm

Yup. Not a commodity, not a security. Because it’s worthless.

Derg
Reply to  Tom in Toronto
May 14, 2021 7:19 pm

Sell me your worthless Bitcoin and Beachfront that will be underwater for $1 🤓

Tom in Toronto
Reply to  Derg
May 14, 2021 8:21 pm

I’m already short $200k bitcoin I sold at $60k. Negative intrinsic value. Not only is it worthless, it uses energy resources while providing no benefit (aside from as a conduit for criminals to launder/hide cash, and scammers like Musk to manipulate).

LdB
Reply to  Tom in Toronto
May 14, 2021 9:50 pm

You could argue the same thing for anything used as a currency. Take out a standard money note and explain how that doesn’t fit the exact complaint you just made.

Gordon A. Dressler
Reply to  LdB
May 15, 2021 9:27 am

The value of the US dollar bill (or any other US monetary note) is backed by the “full faith and credit of the US government, which has considerable wealth and taxing ability.

On the other hand, the value of any cryptocurrency is backed by the full faith and credit of . . . of . . . wait a minute, it’ll come to me . . . of . . .

Hmmmm, I think I’m able to detect a difference there.

Reply to  Tom in Toronto
May 15, 2021 2:58 am

The correct response would have been : “thank you for pointing out the difference between “price” and “value”. As for the

conduit for criminals to launder/hide cash, and scammers like Musk to manipulate).

I agree with part two, it certainly is scammy. Part one? Do you understand what a Blockchain is? You can trace every single coin, transaction, transfer, sale, back since the day of creation, from computer to computer. From computer operator to computer operator, names, faces, places… Tell me how that makes for a “conduit for criminals”. Tantamount to saying face recognition makes bank robberies easier.
Or do you really think Microshit has encrypted your hard drive beyond access, and Apple does not share your fingerprints with JPMorgan?
This does not mean They are not heartily taking part, Bitcoin has collected billions of dollars already, where They can grab it for their One Account of their One King that will rule the world with an iron rod, just as Their god promised them.

dk_
May 14, 2021 6:47 pm

“risking a letter from the SEC”
What did Lithium Man do with his last letter from the SEC?
Hint: He didn’t run out of toilet paper.

Last edited 1 month ago by dk_
commieBob
May 14, 2021 6:55 pm

How about you improve the affordability of your product, so you don’t need government help to sell more Teslas?

Tesla makes a ton of money selling regulatory credits to other carmakers. The more cars it sells, the more regulatory credits it can sell. It’s to Tesla’s advantage to make as many cars as cheap as possible.

With current gas prices, there’s no way any kind of battery electric vehicle makes sense. I believe Musk really does want to fix that by hook or by crook. If he can’t make his cars cheaper, he can try to make gas more expensive by campaigning for a carbon tax.

Jeff Alberts
Reply to  commieBob
May 14, 2021 9:05 pm

With current gas prices, there’s no way any kind of battery electric vehicle makes sense.”

Sorry, that statement makes no sense.

LdB
Reply to  Jeff Alberts
May 14, 2021 9:53 pm

It makes perfect sense the cost of a internal combustion engine care and filling it with fossil fuels is much cheaper than the cost of an electric car and re-charging it. People buy electric cars for lifestyle or greentard reasons not for economics.

Izaak Walton
Reply to  LdB
May 14, 2021 11:41 pm

LdB,
that probably depends on where you live. In many countries petrol is heavily taxed while you can get cheap off-peak electricity making electric cars cheaper over their lifetime than a ICE based car. Plus electric cars have significantly lower service costs due to their lack of moving parts.

And people buy most cars for lifestyle reasons. I have never seen any reason to buy a new car for example given that a one year old car is significantly cheaper and just as good.

Peter
Reply to  Izaak Walton
May 15, 2021 1:01 am

Saw comparison between ICE and electric and surprisingly electric was more costly for maintenance. It was because of tires. Heavy battery is eating tires.

Trying to Play Nice
Reply to  Izaak Walton
May 15, 2021 5:37 am

Why do you people keep saying that electric cars have a “lack of moving parts”? Do they use some sort of force field to propel themselves through the air? Or do they have electric motors which use some sort of mechanism to turn wheels? Are there not suspensions (which require more maintenance because of the added 1000 lbs of batteries)? Internal combustion engines and transmissions have moving parts, but probably not as many as you think and other parts of vehicles wear out, probably more often than you think.

It doesn't add up...
Reply to  Izaak Walton
May 15, 2021 7:13 am

Somebody has to buy a new car to provide a supply of second hand ones. They don’t just come second hand from the factory.

The only countries with significant EV uptake have subsidised their purchase or increased tax on the purchase of ICE vehicles, in the case of Norway that has been considerably boosted by low electricity prices. However, increasing interconnection with the rest of Europe has ended the era of low prices. The shock to the Norwegian economy and the EV market is significant.

George Daddis
Reply to  Izaak Walton
May 15, 2021 7:20 am

“…In many countries petrol is heavily taxed..”
Is that part of the scheme where fossil fuels have massive subsidies to give them an advantage over renewable powered vehicles?

Did you really just say the way the EVs can win is if you handicap ICEs?

David Kamakaris
Reply to  George Daddis
May 15, 2021 8:08 am

“Did you really just say the way the EVs can win is if you handicap ICEs?”

That’s exactly what he said, George. Musk is a brilliant engineer but forcing upon us, in the form of a carbon tax the notion that burning fossil fuels causes catastrophic changes to the climate is outright fraud. If Mike Lindell tried this chicanery, he would be put out of business and possibly jailed. Musk will get away with it because he toes the progressive line like a good little boy.

stewartpid
Reply to  David Kamakaris
May 15, 2021 9:38 am

Musk is not an engineer …. neither of his two degrees are in engineering. Tesla cars were designed and tesla was founded by real engineers and felon musk just rescued them from bankruptcy when the money had run out.

David Kamakaris
Reply to  stewartpid
May 15, 2021 10:15 am

You’re correct, Stewart. Musk’s degrees were in physics and economics. I didn’t know that until now. But I stand by the rest of my.post

Last edited 1 month ago by David Kamakaris
Izaak Walton
Reply to  George Daddis
May 15, 2021 3:05 pm

George,
In the UK for instance petrol is currently at about 1.30 pounds per litre which is equivalent to $6.9 US dollars per gallon. At those prices an electric vehicle is an attractive option especially when you realise that the length of an average trip is less than 2 miles.

Jeff Alberts
Reply to  LdB
May 15, 2021 3:03 am

Gas prices have gone up dramatically in the past few months, at least in the Pacific Northwest. So the statement makes no sense to me.

Bruce Cobb
Reply to  Jeff Alberts
May 15, 2021 4:40 am

It is still cheap, relatively speaking. In order for EVs to be competitive, gas probably needs to be north of $5.

David A
Reply to  Jeff Alberts
May 16, 2021 6:59 am

I tend to agree. Government regulations have driven up the cost of both gas and electricity. Gasoline and diesel have fuel tax added. Government regulations reward resedential solar installation and government regulations reward EV use in multiple ways including many companies lower the KWH rate for those that have an EV.

So many homeowners bought solar . They were shown a 5.5 to 6 year payoff. The reality is the pay off is closer to 8 years, as you cannot use 100 percent of what is generated, especially if you don’t work at home. However an EV or plug in hybrid for that homeowner who works at home, or is retired, is an optimal solution.

Say their solar generates 300 kwh extra each month. If that retired or work from home homeowner can pump 250 kwh of that extra into an EV here’s what happens. The 2.6 cents they formerly received per KWH from the utility, becomes worth about 750 to 875 miles of driving, compared with using an all around 25 MPG figure and 4 dollars per gallon gas ( see California)This equates to the home solar and EV user getting about 65 cents per KWH verses 2.6 cents per KWH, for every KWH put into an EV. So 250 x .65 is a monthly savings of $160.00. And their solar system is saving them maybe another $160 a month on average, if they run their pool pumps and AC mostly while their system is generating power. The added EV use turns the payoff of their solar system to a 4 year proposition, and greatly reduces the unneeded excess pumped into the grid when overall use is low.

Modern solar panels made by large companies like LG, guarantee 93 percent productivity after 25 years.

Modern car batteries, if charged correctly, can easily last 200k miles. Toyota warranties their EV system, used in the RAV4 and Prius, for150,000 miles. So once the solar is paid off, these savings continue for many years.

Additionally the EV or plug in hybrid owner can, with many utilities, get a reduced rate on the electrical they use in excess or out of phase with their solar generation. This is often about 10 to 15 cents per KWH savings. If they use 300 kwh from the utilities, this can mean saving a further 30 to 45 dollars monthly.

So now, when they occasionally have to draw nightly power from the utility at say 17 cents per KWH verses 27 cents, and they add say 40 KWH to their EV, that 40 KWH, or 120 to 150 miles of driving, is equal to 4.75 to 6 gallons of gasoline. This is $6.80 verses $19 to $24 for gasoline at $4 per gallon like California. Of course if they charged the car with day time generation the cost was 0 after the system paid for itself.

The government mandates are wrong, costly, and not needed. CO2 is hugely net beneficial.

Yet even straight up at 20 cents per KWH and 3 miles per KWH ( Tesla claims 4 miles per KWH) this equates to under two dollar a gallon gasoline. And if utility costs were free market, then 20 cents per KWH would include a healthy tax. The cost of the battery is what makes an EV considerably more expensive then an ICE. Yet it appears that it is less costly to operate.

Bob Meyer
Reply to  commieBob
May 16, 2021 12:33 pm

I’m shocked, shocked I tell you, that an electric car manufacturer calls for a carbon tax.

Wait til this genius finds out how much carbon is used to mine lithium and cobalt or when his car’s upholstery quadruples in price because petroleum bi-products become hideously expensive when there is no more petroleum.

I’m fairly sure that he thinks these costs will also hit his competitors but a general rise in auto prices won’t expand his market.

May 14, 2021 6:58 pm

Elon, Elon Elon. You are a Queen’s man! Don’t be an idiot!

Global cooling is happening now, caused by a weaker Sun, as we correctly predicted in 2002 – many more extreme cold events worldwide.

Climate drives CO2, but CO2 does NOT drive climate. Cart before horse! Think!

CLIMATE CHANGE, COVID-19, AND THE GREAT RESET
A CLIMATE, ENERGY AND COVID PRIMER FOR POLITICIANS AND MEDIA
By Allan M.R. MacRae, Published May 8, 2021 UPDATE 1e
Download the WORD file
https://thsresearch.files.wordpress.com/2021/05/climate-change-covid-19-and-the-great-reset-update-1e-readonly.docx

Sam Capricci
Reply to  ALLAN MACRAE
May 14, 2021 7:39 pm

If only what you wrote could influence policy. If only policy makers would be looking for truth about AGW. But alas, they are not interested in the truth, only in taking more power for themselves and their friends. They won’t change a thing about their behavior but they don’t mind changing how billions of people work, play and live. These people are sick.

Alan the Brit
Reply to  Sam Capricci
May 14, 2021 10:49 pm

The whole AGW scam is a means to reduce the wealth (relative) & freedoms of ordinary people, because the wealthy ruling elites don’t like the thought of no longer having exclusivity in where they live, how they live, where they take their exotic holidays, they believe that only they should holiday all over the world, mingling with their wealthy elitist friends!!!! The entertainment industry is rife with such attitudes except when it suits them to be seen to be “of the people”, etc, the Emma Thompsons, & the Sussexes, of this world, Meghan doesn’t want any of the trappings of a Royal lifestyle, except when the title “Duchess” helps sell books, & of course California’s Tinsel-town!!!! I have nothing against wealth per se, but when it’s used to exclude others, a virtual & real, pulling up of the ladder/drawbridge after you have arrived, etc. preventing others from joining you, nullius novas sub-solis!!!

Reply to  ALLAN MACRAE
May 15, 2021 6:39 am

We saw these very-cold weather patterns due to the instability of the polar vortex at the end of SC23 circa 2008, and this enabled me in 2013 to re-calibrate our 2002 global cooling prediction from “2020-2030” to “2020 or sooner”, at the end of much weaker SC24. A huge crop failure across the Great Plains of North America occurred in 2019. Now we have this brutal winter and very cold spring in 2020-2021. Nailed it.
Crop losses are already significant. Worrisome.
Best regards, Allan
 
Meanwhile, back at the ranch…
COLORADO BREAKS MULTIPLE COLD RECORDS + DENVER SUFFERS ITS SECOND-LONGEST SNOWFALL SEASON SINCE RECORDS BEGAN
May 12, 2021 Cap Allon
You’d forgive CO residents for thinking the climate was actually cooling!–But I’m sure they know better than to trust their own eyes and real-world observations — after all, it’s those ‘supercomputer-generated’ climate models that dictate reality, not natural variability, not the Sun… (sarc!).
 
Meanwhile, back at the dacha…
CENTRAL RUSSIA EXPERIENCES RECORD SPRING SNOW, AS CRIMEA SUFFERS EXCEPTIONALLY COLD APRIL
April 30, 2021 Cap Allon
Global warming’ continues to be demonized by the IPCC, the MSM, and those hokey pop-scientists, yet heat has only-ever proved beneficial for life on our planet — it’s the cold that gets us.
 
Meanwhile, back at the billabong…
EARLY-SEASON BLIZZARDS HIT AUSTRALIA + A POWERFUL POLAR OUTBREAK IN THE FORECAST
May 13, 2021 Cap Allon
In recent years, Australia’s climate has been changing — for the cooler and wetter. And early-season snows have become far more common. #GrandSolarMinimum
 
Meanwhile, back at the ranch… again
HISTORIC COLD SPREADS ACROSS THE U.S. BREAKING LOW TEMPERATURE RECORDS FROM THE 1800S
May 13, 2021 Cap Allon
Plus, Europe looks set for more unprecedented lows and historic late-May snows. Bundle up. Spring 2021 is a no show.
With the official start of summer less than 40 days away, an unseasonably cold air mass is currently gripping large areas of the United States, dropping temperatures some 25 degrees F below seasonal averages.
As reported by CNN weather, these temperatures are more in line with what you should expect in mid-March, not mid-May.

Reply to  ALLAN MACRAE
May 17, 2021 2:54 am

U.S. HAS SET 17,450 NEW LOW TEMPERATURE RECORDS THIS YEAR VS 13,886 HIGH + SINABUNG EXPLODES INTO THE STRATOSPHERE
May 17, 2021 Cap Allon

Furthermore, the U.S. ALL TIME records summary reveals that 223 new unprecedented, never-before-observed low temperature benchmarks have been busted this year, versus the solitary 1 for all-time record highs. This disparity between cold records and hot records has only been increasing in the month of May.

Last edited 1 month ago by ALLAN MACRAE
Reply to  ALLAN MACRAE
May 17, 2021 8:32 am

Told you so, 19 years ago…   Nailed it.
 
FIVE MAJOR DATASETS SHOW GLOBAL COOLING, AS CARBON BRIEF IS CAUGHT LYING TO THE PUBLIC
May 17, 2021 Cap Allon
Climate Change headlines are built around narratives, not facts. Most sheeple are easily fooled by illogically-linear charts and phony correlations.

The Global Lower Tropospheric Temperature Anomaly has cooled 0.64C in 14 months, from an anomaly of +0.59C in February 2020 to only -0.05C in April 2021.
 
Allan MacRae published in the Calgary Herald on September 1, 2002, based on communication with Dr Tim Patterson:
 
3. “If [as we believe] solar activity is the main driver of surface temperature rather than CO2, we should begin the next cooling period by 2020 to 2030.”
 
MacRae updated his global cooling prediction in 2013, based on cold events that occurred starting circa 2008 near the end of Solar Cycle 23:
 
3a. “I suggest global cooling starts by 2020 or sooner. Bundle up.”
 
In 2019, expert meteorologist Joseph D’Aleo and I co-authored a paper describing the late planting in 2018 and 2019 and the huge Great Plains crop failure of 2019 due to cold, wet weather.

THE REAL CLIMATE CRISIS IS NOT GLOBAL WARMING, IT IS COOLING, AND IT MAY HAVE ALREADY STARTED  October 27, 2019
Planting was ~one month across the Great Plains of North America for crop years 2018 and 2019. In 2018 the growing season was warm and the crop recovered, but in 2019 there was a huge crop failure across the Great Plains. In 2019 fully 30% of the huge USA corn crop was never planted because of wet ground. Much of the grain crop across the Great Plains was severely harmed because of early cold and snow in the Fall.

Reply to  ALLAN MACRAE
May 20, 2021 6:17 am

RECORD BREAKING COLD BLASTS AUSTRALIA AND CANADA: “GLOBAL” COOLING
May 20, 2021  Cap Allon
Arctic air continues to descend unusually-far south, while Antarctic air continues to ride anomalously-far north. The culprit is low solar activity, namely its weakening of the jet streams, and the upshot is COOLING across the lower-latitudes (where us humans reside).
Not since the year 1967 has Sydney experienced a colder streak in May.
In Kamloops and the Okanagan, British Columbia, record-breaking overnight lows for this date were logged.

Last edited 1 month ago by ALLAN MACRAE
Reply to  ALLAN MACRAE
May 20, 2021 7:11 am

DELHI, INDIA SUFFERS COLDEST MAY DAY IN 70 YEARS + EARTH HAS COOLED 0.8C SINCE 2016 May 20, 2021 
This COOLING trend is expected to accelerate over the coming months and years as the Sun continues its relative shutdown. Prepare for the Grand Solar Minimum.

Reply to  ALLAN MACRAE
May 21, 2021 8:12 am

RECORD COLD AND LATE-MAY SNOW SWEEPS THE WESTERN U.S.,+ COLD EUROPE + MORE MSM OBFUSCATION
May 21, 2021 Cap Allon
Accumulating late-May snow is pummeling the higher elevations of the Western United States — the latest inconvenient real-world observation to pour cold water on the hot mess that is AGW.
The pictures is the same in Europe:

Reply to  ALLAN MACRAE
May 25, 2021 6:25 am

RARE AND HEAVY LATE-MAY SNOWFALL HITS KASHMIR, INDIA AND KAGHAN, PAKISTAN
May 25, 2021 Cap Allon
While northern Russia’s anomalous warmth is dominating the MSM headlines, the intense cold-blasts and unusually fierce snow-dumps currently ravaging vast portions of the planet are of far greater concern.
Over the weekend, twenty-one runners tackling a mountain ultramarathon in northwest China perished after freezing conditions hit the high-altitude race. Rescuers were only able to save 151 out of a total of 172 participants. 

Reply to  ALLAN MACRAE
May 25, 2021 7:29 am

VIOLENT LATE-SPRING SNOWSTORM BLASTS SCOTLAND, BURIES THE HIGHER ELEVATIONS
May 25, 2021 Cap Allon
Scots are suffering a rare late-spring Arctic blast this week as an unusual chill continues to engulf the majority of the European continent.

Reply to  ALLAN MACRAE
May 26, 2021 10:17 am

GREENLAND JUST GAINED A RECORD-SMASHING AMOUNT OF SNOW AND ICE
May 26, 2021 Cap Allon
According to climate alarmists, Greenland should have melted into oblivion by now. Yet here we are, posting unprecedented GAINS:

Ted
Reply to  ALLAN MACRAE
May 15, 2021 10:26 am

Elon is a subsidy farmer. Tesla has sold enough vehicles that the original EV subsidies are running out, so he needs alternate sources of government intervention. Musk is thinking, but his focus is funding, not science.

Tom in Toronto
May 14, 2021 7:04 pm

Buys bitcoin. Tweets about it and rockets up the price. Sells bitcoin. Tweets about it to drop the price…
Rinse and repeat.
Classic Pump-and-dump. He did this with Tesla stock and got his hand slapped by the SEC. But the SEC has no jurisdiction over cryptocurrencies because they’re inherently worthless and thus have been found to not be securities.
So it’s free reign for him in crypto land. Next target is Dogecoin. He has probably sold it all and is going to tweet about a new crypto.
As I said, Pump and Dump. Rinse and Repeat.
Professional scam artist.

Last edited 1 month ago by Tom in Toronto
Izaak Walton
Reply to  Tom in Toronto
May 14, 2021 7:52 pm

Tom,
all currencies are inherently worthless. The value we place on them is solely due to
the trust we have in govenments (i.e. that the government will honour its debts).

markl
Reply to  Izaak Walton
May 14, 2021 8:10 pm

So what “governments” control crypto currencies? Why do we have reserve currency? What actually backs up crypto currency? Rhetorical questions I know but no one seems to ask and crypto currency advocates don’t have the answer.

Tom in Toronto
Reply to  Izaak Walton
May 14, 2021 8:29 pm

My 1st degree was in Computer Science, 2nd in economics (Econometrics/Business Finance) my 3rd in Law (Business & Taxation). I worked in regulatory for the OSC (ontario securities commission). I’m well aware of the theory of money. Fiat currency is needed to control the economy; and it serves that purpose.
Crypto is a mess for the government; but there’s no way to control it without heavy-handed measures such as banning encrypted communication or monitoring all devices.
We’ll see some regulation soon, though. Musk proved (once again) that crypto is rife with criminals and scammers.

Last edited 1 month ago by Tom in Toronto
David A
Reply to  Tom in Toronto
May 16, 2021 7:07 am

If you have not done so you may wish to visit ” musings from the chiefio” as his computer science and economics background is similar to yours.

Rory Forbes
Reply to  Izaak Walton
May 14, 2021 9:04 pm

(i.e. that the government will honour its debts)

Which means our money (currency) is NOT “inherently worthless” … for the same reason my personal cheques are not worthless.

LdB
Reply to  Izaak Walton
May 14, 2021 9:56 pm

I made basically the same comment to Tom above. Tom seems to not understand that currency by design require a belief in the underlying system … the thing you transact has no real value. Crypto or Dollar notes you have to trust and believe in the underlying system because the thing in your hand is worth nothing.

Alexy Scherbakoff
Reply to  LdB
May 15, 2021 12:34 am

I would assume you have changed all your fiat currency to crypto. If you haven’t then STFU.

Hoser
Reply to  Alexy Scherbakoff
May 15, 2021 1:51 am

As the Great Reset proceeds, the value of traditional money will drop rapidly. If you have debt, that’s great! In fact, I guess that’s the only way to retire the National Debt – inflate it to nothing. Our unfunded liabilities are far greater, and will crash all of the Democrats’ Ponzi schemes. I don’t care to hold dollars under those conditions. And I don’t expect Social Security to be worth a dime by the time I’m supposed to get it.

It doesn't add up...
Reply to  Hoser
May 15, 2021 7:25 am

You have to look at what the holders of debt might do. When your debt is worth nothing you will find it tough getting credit. That tends to have big social consequences – see Weimar inflation. China might feel cheated enough to consider it causus belli .

Bob Meyer
Reply to  LdB
May 16, 2021 1:29 pm

Unless a thing is fulfilling its purpose, it is worthless. The ability to facilitate trade is what gives any currency its value. Nothing has inherent value, only when it can be used does it provide any value.

The ability to provide value in the future is the basis for storing currency (or storing cars or anything else for that matter). Whether or not cryptocurrencies can be used for trading over long periods of time is an open question. It depends on governments degrading their own currencies and then banning cryptocurrencies.

Trying to Play Nice
Reply to  Tom in Toronto
May 15, 2021 5:41 am

How can you say he is a scam artist? I have three of his awesome cybertrucks and a whole fleet of Tesla class 8 trucks hauling cargo cross country on a daily basis. Oh, that was just a dream. Sorry.

Gordon A. Dressler
Reply to  Trying to Play Nice
May 15, 2021 9:52 am

TtPN, because I abhor scam artists, let me pile on:
— the $35K Model 3 (yes, a relative few were sold at that price, then the sales of such “mysteriously” stopped a few months later . . . see https://www.cnet.com/roadshow/news/the-much-hyped-35000-tesla-model-3-is-dead/ )
— the new Roadster, with its cold gas rocket options
— the Tesla minibus
— conversion of existing Tesla supercharging stations to be completely solar powered
— buildup of a new, extensive “megacharger” network needed to support the rapid charging of those always-entering-production-next-year Tesla Semis as they are deployed for long-range transport?
— large scale production of solar roof tiles for residential buildings

It doesn't add up...
Reply to  Tom in Toronto
May 15, 2021 7:16 am

His dealings in lithium and cobalt markets might also make an interesting topic for research.

dk_
May 14, 2021 7:47 pm

Hmmm…

Epoch Times: EPOCH TV: Beijing’s Sudden Turn on Tesla; From Friend to Foe?
https://www.theepochtimes.com/china-in-focus-may-14-beijings-sudden-turn-on-tesla-from-friend-to-foe_3816333.html

What might Elon do to get back into the Chinese market? What might Elon say to improve access to lithium batteries?

markl
May 14, 2021 8:15 pm

If Musk demands carbon tax then he must pay his fair share. Mining, smelting, material transportation, manufacturing, and all energy required to build and sell his cars, roof top solar, and rockets to space. Seems he’s a convenient hypocrite when it comes to the facts. But he makes a great car despite fleecing the people for subsidies.

Alan the Brit
Reply to  markl
May 14, 2021 11:06 pm

Will Musk use a very long cable plugged in on Earth extending up to space for his little money laundering space travel machine? I believe the weight of such a cable would be prohibitive & be extremely Carbon intensive!!!

I have noted initially the screams of horror about the impeding doom & gloom over global warming, seems to be tempering a little as the Earth starts to cool apace over the coming years!!!

PCman999
Reply to  markl
May 15, 2021 8:23 am

Musk had better be careful what he wishes and asks for – a carbon tax affects everything, nothing is produced without the help of carbon.

Patrick MJD
May 14, 2021 9:14 pm

Electric Jesus makes more money than any of his cars selling carbon (CO2) credits to other car makers so that they can offset their carbon (CO2) emissions. You can bet your life he wants a carbon tax for only one reason.

Last edited 1 month ago by Patrick MJD
Alan the Brit
May 14, 2021 10:30 pm

As for Musk’s call for a carbon tax, here’s a thought Elon. How about you improve the affordability of your product, so you don’t need US Taxpayers’ help to sell more Teslas?

There, fixed!!! Why does a $billionaire need the US guvment to make even more money? How about he change his “lifestyle” to give the people an example of reducing emissions, thus leading that way?

Independent
May 14, 2021 11:21 pm

How about you give back the billions you fleeced from us taxpayers via our feckless representatives, Elon?

Vincent Causey
May 14, 2021 11:56 pm

He condemns bitcoin because it uses electricity, but then goes and sells electric cars. Can’t anyone see this guy is an utter hypocrite?

Rhys Jaggar
May 15, 2021 12:34 am

Who cares what Elon Musk thinks?

The man wants a carbon tax to force people to buy his electric cars.

He is not a dispassionate observer, he has billions of skin in the game

Peter
May 15, 2021 12:52 am

Conflict of interest.
Providing scheme to pull money from pockets of others and put into his own.
Abusing government and tax system to achieve it.

Rod Evans
May 15, 2021 1:01 am

I’m guessing Elon has not come across the Laffer Curve?
The current Tax on petrol (gas) in the UK is between 70% and 80% depending on fuel. how much more carbon tax does he envisage, before the people proving the fuel say it isn’t worth it or the people attempting to pay for it say it is too expensive?
The end result is no tax at all. at that point, all his state funded grants dry up.
Be careful what you wish for Elon.

Paul C
Reply to  Rod Evans
May 15, 2021 3:20 pm

An appropriate carbon tax on petrol (replacing excise duty) – a pigovian tax – where the true negative externalities are accounted for, would be much LOWER than the existing excise duty (UK), and is probably close to the existing VAT level, so excise duty on petrol could be completely eliminated. Governments won’t give up tax, but be careful what you wish for Elon.

Mr Julian Forbes-Laird
May 15, 2021 1:05 am

I wonder whether Musk intends the carbon tax he advocates to extend to the CO2 footprint of EV battery manufacturing?

Hoser
May 15, 2021 1:44 am

How much carbon is released from charging Tesla cars? Why are his cars somehow different to Bitcoin mining? The same power is used for both.

Hoser
Reply to  Hoser
May 15, 2021 1:54 am

Sure! Carbon tax. We can certainly raise the costs for methane powered rocket launches. Hey, Elon, why not battery powered rockets? See how far you get.

It doesn't add up...
Reply to  Hoser
May 15, 2021 7:30 am

I think his rockets use RP-1, which is a highly refined kerosene. Methane is not a good rocket fuel.

whiten
May 15, 2021 1:50 am

From what I read, it seems more like Elon Musk trying a move to incentivise the Bitcoin market.

But Bitcoin is not just a currency.
The only way to properly incentivise Bitcoin is by lowering the electricity prices… or at least not stupidly and artificially increasing the electricity costs.

cheers

goracle
May 15, 2021 6:45 am

Elon is already sustaining Tesla via carbon credits, so why would he care about imposing a carbon tax? He (or Tesla, or SpaceX) doesn’t pay for either carbon scam but benefits from both. It’s a win-win for him… lose-lose for nearly everyone else.

Olen
May 15, 2021 6:48 am

Tax the people out of their gasoline cars and into electric cars that are not affordable or fully functional. Maybe he should stick to rockets.

George Daddis
May 15, 2021 7:12 am

To paraphrase: “It’s not like we shouldn’t have rare earth batteries for our vehicles, we just need to put a price on them.”

How much of the environmental and human “cost” for those batteries is included in every Tesla?

Tom Abbott
May 15, 2021 8:12 am

From the article: “‘It’s not like we shouldn’t have carbon-generated things, there should be a price on this stuff,’ he recently said on a podcast.”

Why should there be a price on it?

Me thinks you are assuming too much.

I hope that doesn’t carry over into your space program. You seem pretty grounded in reality there, but as for CO2, no, you are not grounded in anything when it comes to CO2, and thinking it needs to be controlled. The science is not on your side there, Elon. You should look into it. Past the Hockey Stick chart.

Walter Sobchak
May 15, 2021 8:54 am

best articles about Musk and Bitcoin, are by Matt Levine at Bloomber.com. here is the one from Thursday:

https://www.bloomberg.com/opinion/articles/2021-05-13/elon-musk-got-bored-of-bitcoin

“Apparently someone sat Elon Musk down and told him where Bitcoins come from?”

To which my DiL said:

“When a CPU and a GPU love each other very much …”

2hotel9
May 15, 2021 9:18 am

Fine, he can pay it for everyone else, in perpetuity. Does he have kids? Slap it on them, too

Walter Sobchak
Reply to  2hotel9
May 15, 2021 12:00 pm

Musk has 6 children. His first wife had 6 sons, one of whom died as an infant. He has been married and divorced several times. his current squeez id Claire Elise Boucher whose stage name is Grimes. She had a son whom they named “X AE A-XII” after the original “X Æ A-12” was rejected by the State of California because it contained nonalphabetic characters.

2hotel9
Reply to  Walter Sobchak
May 17, 2021 6:23 am

Cool, the whole gang of them can finance this leftist stupidity and no one else will pay a single thin dime! Those who come up with this shyt should be paying for it and no one else.

Gordon A. Dressler
May 15, 2021 9:19 am

From the above article: “Musk’s comment came a day after he said Tesla would no longer accept bitcoin for vehicle purchases because of concerns over the environmental cost of bitcoin mining.”

Yet. Elon Musk—principled guy that he is—has absolutely no problem with his company, Tesla, buying USD$1.5 billion in Bitcoin (https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html ) despite “the environmental cost of bitcoin mining”.

Rules for thee, but none for me . . . anyone surprised at all by this hypocrisy?

Last edited 1 month ago by Gordon A. Dressler
Doonman
May 15, 2021 10:05 am

A carbon tax is a super nova tax, about 14 billions years late.

But the same can be said of lithium and cobalt, which Elon Musk has not demanded a tax on.

I think this is clearly a racist and supremacist attitude toward the periodic table, don’t you?

Bruce Cobb
May 15, 2021 10:33 am

The people demand Elon Musk take a flying leap.

ResourceGuy
May 15, 2021 6:44 pm

Payable to…..

John
May 16, 2021 4:42 pm

Perhaps Musk should shutdown his factories and rocket ships
he relies on blood minerals (cobalt from west africa& Lithium from chile etc) but worse still his cars use large amounts of rear earth minerals from china
as well as oil and gas to make most of the materials and power the mining companies

Then he sends rocket ships into space that use Liquid Natural gas

what a hypocrite
anything to make his ego bigger and his bank balance even bigger

Earthwell
May 20, 2021 1:56 am

Alright, I still wonder the significance of Dogecoin. But I agree with him in the carbon tax. I gradually become more and more realized that demand and rule work better than lip service and mere encouragement. Take car makers as examples. There is no denying that car emission is a key contributor to greenhouse. With the regulation and punish, the car makers have to roll on hybrid cars with clean energy. Audi r8 is the typical product. So sometimes bans and laws matters !

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