I think the thing I often see missed in these discussions is the cost and time burden imposed by regulation. It's nearly impossible to build power plants in the US today. Launching satellites while hard, solves this problem.
Even if it's more expensive, Spacex will be able to deploy hardware when no one else can because all the gas turbines and existing power plants have been exhausted and the lead time to build new ones is 5+ years out because of the bureaucratic overhead.
Believing that one should be able to consume raw milk is not anti-science. Yes pasteurization kills bacteria that can be present in milk which can cause serious harm and also it kills bacteria that can be positive and people should have the right to choose to consume it and sell it with proper disclosures.
Starship is more flight ready then SLS and new Glenn. It's just not fully reusable yet, so it's not ready by Spacex standards but far ahead of anyone else in the world. They could also use falcon heavy but might as well use Starship, unless they need dragon.
Artemis is a joke. You can tell this is politically motivated by their stance on SLS. If they were serious they would give Spacex the SLS contract for being years and years behind schedule.
You're right that I mixed up pre and post but that's exactly the point. It's post tax so he's ALREADY PAID TAXs and therefor will pay nothing when the funds are distributed.
This will force hundreds of thousands of people who own shares of small businesses within their retirement accounts to disgorge them.
They can't sell them to themselves because that's against the rules. If they distribute them then they have to pay a 10% tax penalty in addition to any income tax.
These are small thinly traded assets. What will very likely happen in practice is big wall street firms will come in and buy up thousands of American small businesses (retirees best assets) at a major discount similar to what Blackstone is currently doing with single family homes.
It restricts you from doing them within retirement accounts. But the purpose of retirement accounts is to effectively save for retirement. Congress is basically saying we want you not to need us but we don't actually want you doing well with your investments.
I meant to imply within retirement accounts. But the intention of retirement accounts is to get you to save for retirement through investments. Private companies are arguably the most effective way to grow wealth. Congress is saying they don't want you doing this they only want you to have access to stocks and bonds because private investments do to well.
Congress is preventing all people from investing in private companies within retirement accounts, not just rich people. Adding the cap is fine but preventing private company investment is asinine.
This just isn't true. The bill also prevents you from investing in any private company of which you are a member, AKA a startup you work at. It also prevents you from any deals requiring you to be an accredited investor which means any Reg D which is how almost all early stage tech companies raise money.
Even if it's more expensive, Spacex will be able to deploy hardware when no one else can because all the gas turbines and existing power plants have been exhausted and the lead time to build new ones is 5+ years out because of the bureaucratic overhead.