For whoever has, to him more will be given, and he will have abundance

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Quote from: killerfrost on May 26, 2023, 06:57:12 AM

Quote from: alastantiger on May 25, 2023, 05:17:05 PM

(...) Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

not sure if I'm understanding the OP's question correctly about people's interest in something, the issue should be based on multiple perspectives and the fact that the value of the product (which has been and is being recognized) from someone) to compare the scale then I think it's easy to visualize. An example that you mentioned from Elon Musk, and I also know that to have such success, he also had to put in a lot of effort to get results, it is better to compare the process of they do not look at the current results to compare and argue without logic. As for the interest of small corporations or individuals, what is their difference in the competitive economic and technological environment or in many different fields?, I believe a product has a price Development values for people will always be received over time and vice versa.

Buddy, you're firing some heavy economic artilery! Nailing the target, you're saying interests are multifaceted. Deciding between a pizza or a burger isn't a flip of a coin; tastes, health factors, even the whim of the day have a say. Speaking of Musk, the guy didn't magically turn into a billionaire overnight - he battled for it, hard. Looking at his success through the current snapshot? Unfair, it doesn't capture the rollercoaster ride he took to the top.

Regarding small entities and individuals, their interests are as varied as the toppings you can get on a New York slice. Each participant in this massive economic symphony plays their own tune, regardless of the field they're in. And, on the topic of products and their value evolution, it's an endurance race, pal. Just like a vintage Bordeaux, it needs time to mature. It may not be a hit straight out of the gate, but with time and constant evolution, it can connect with its market and taste triumh.

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The government of today knows that they rich will do everything within their powers to stay rich. They know that where they fail in tes of employment only the rich can build a billion dollars factory and employ thousands of workers which will reduce the burnden of unemployment on their end while making the economy better. They also know that if they do not provide the rich with the necessary favourable polices and an enabling environment to do business, they'll leave the country a d take their factory somewhere and go make that land rich. So that is why we see they support government give the rich especially the industrialist. They are valuable to them. So they keep getting richer by the day.

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Quote from: disconnectme on May 27, 2023, 11:19:48 PM

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

This is why the rich often say that their first million is always the hardest to get, as at the time they need to overcome all kind of hurdles to reach that point, but once they do then things become way easier, as now when they go to the bank they can talk to the executives and get a loan in a matter of minutes, since now they know each other and they move on the same circles, and as such getting loan which was a very difficult proposition not long ago becomes incredibly easy once they enter that circle.

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Maybe it's because the government sees that the person has something that the government wants so the government gives a lot of things to the person and the company. We don't know what Elon received from the US government, but it was something Elon had a hard time avoiding.

And if other individuals only have financial resources, the government is still watching them and maybe the government is preparing them to become like Elon one day. And the government only chooses people with a good record in their business and then offers cooperation in various fields.

And for people who get offers of assistance from the government, they can develop their businesses to become bigger. That means that person will be increasingly famous in many business fields. Meanwhile, the government will offer assistance to other people who also have the same potential.

uswa56

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Quote from: irhact on May 30, 2023, 02:41:11 AM

Quote from: sana54210 on May 28, 2023, 02:49:50 PM

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

Having a network also plays an important role as Elon Musk has lots of following and I'm not just talking about his online audience. Elon Musk has a good record when it comes to doing business and he also understand the power of having loyal followers which is why he's building his online audience as he already have conquered the business world. I haven't seen a billionaire as active as Elon musk online.

His popularity and business success is what is making him look favored in our eye but I believe he does deserved all that he's receiving. Anybody heard about his perfume brand called Burnt Hair that sold out in just few hours of launching and a bottle cost about $100.

I think it's only natural that with what he has done, he deserves to be at the point he is now, and everything that is currently happening to Elon Musk, of course, has reasons that he has tried from a long time ago to be able to make many people like him.
building relationships, self-quality and other things is very difficult at first and not everyone has the ability to do that and all of this is inseparable from hard work to get to the point like Elon Musk is now.

irhact

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Quote from: sana54210 on May 28, 2023, 02:49:50 PM

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

Having a network also plays an important role as Elon Musk has lots of following and I'm not just talking about his online audience. Elon Musk has a good record when it comes to doing business and he also understand the power of having loyal followers which is why he's building his online audience as he already have conquered the business world. I haven't seen a billionaire as active as Elon musk online.

His popularity and business success is what is making him look favored in our eye but I believe he does deserved all that he's receiving. Anybody heard about his perfume brand called Burnt Hair that sold out in just few hours of launching and a bottle cost about $100.

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Quote from: hannahB4 on May 28, 2023, 04:04:16 PM

Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Though the bible significantly talked about this but is not for everybody, you don't really know what transpired between the US government and him during his early years, sometimes we look at things at face value and neglect some other factors. But if this is true according to your write up then Elon Musk is favored.

I once heard him talking about his story of life in a video, and he said that there was a point in his life when he got bankrupt trying to build a company or something, but he never gave up, tried some different ways and also got some help from a brother or someone he mentioned and then he managed to get success with his company and got a lot of money.

So he obviously didn't get any assistance from the government in his initial days, if he did, he would probably mention that, or can't he? Whatever it is, I'm pretty sure that the government does all this for their own benefit obviously.

bettercrypto

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Quote from: dothebeats on May 25, 2023, 06:44:19 PM

Maybe, just maybe, because the government believes they can utilize Musk's businesses to a certain extent. That's why they are supporting his businesses when he needs funding. Also, they know that Musk can generally get the money somewhere else through his assets so they can basically just give him whatever he wishes and it'll be at his doorstep when he wants to. There are a lot of perks when your business is literally a multi-billion dollar one with technologies that the government might be interested on. Also, these businesses failing might also translate to a lot of economic damage, so instead of letting it fail, the government can just go ahead and spend a little here and there to save it.

In that matter we don't really know the root and end of the reason, as long as the only thing I know right now is that the US government will find a way for them to benefit from the businesses of others just like the well-known businessmen who billionaire.

Because the US nation today is actually deep in debt. Which I don't think they can afford anymore to be honest. Of course, only in Elon Musk's businesses, it is a big benefit to the US government, first of all there is the tax of course.

Fortify

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

You don't need to be an expert or read a holy book to see the obvious. People who have accumulated huge amounts of wealth often do not spend more than they make each year, so even if their money wasn't invested they it would still grow just through brute force saving. However most super rich own large chunks of single companies, or they are more likely to cash out and diversify into many companies via the stock market. When you learn more about finances and take in lots of sources of real education, it all starts to make sense. While those grants and subsidies can help, generally companies offered those are already in extraordinarily good circumstances and it's more like an act of begging by governments to get them to stay in a certain place.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Though the bible significantly talked about this but is not for everybody, you don't really know what transpired between the US government and him during his early years, sometimes we look at things at face value and neglect some other factors. But if this is true according to your write up then Elon Musk is favored.

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Quote from: irhact on May 26, 2023, 07:39:17 AM

Quote from: alastantiger on May 25, 2023, 05:17:05 PM

On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

If you have a good track record of success then people will be drawn to investing in your projects. You'll have access to funding that others can't get access to and your business will always receive high praises because you have laboured and made yourself successful in the past. Your business might not be the best in the sector it's operating but you'll always get the most profits.

You can't trust someone that hasn't proven that he can be successful and betting on that individual is more riskier than betting on someone who has carry many companies into multi million companies. But to have this favor, you have to be offering something unique.

I think it is about building network. It doesn't even have to be you managing other projects before, it just needs to be positive influence over others, no matter how you do it. Hell there was a porn star called lana rhoades who made NFT and sold it for so much money and got away with it, all because she had positive influence on people.

It could be by working with other projects, it could be your previous projects, it could be you doing some marketing for them like social media manager, it doesn't matter what the reason is, just build a whole community around yourself that follows your steps. After that, all you have to do is just focus on how you could end up with a profit when the time comes and build something that will profit you and your team.

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The passage from the Bible doesn't seem to have anything to do with or even be relevant to the issue regarding government backing for Elon Musk and other companies. We all understand that the government supports and protects large businesses, or whales since they profit from them. Since Elon Musk pays a lot of taxes, the government would gain greatly from supporting his firms as well as those of other large corporations.
Since the government aren't benefiting so much from small businesses, there's no sense supporting them as they couldn't gain huge enough in return. The logic here is that, the government values huge capitalists more than small businesses which is common and has been happening for a long time. Money is power so no wonder why the government look up to the richest business owners.

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Quote from: disconnectme on May 27, 2023, 11:19:48 PM

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

When a person gets transition from one level to another, we'll be able to see his connections change. This is how businesses connect. Beyond certain point the businesses always gets interchanged between the specific connections in the upper circle. This is how rich gets richer and the poor gets poorer. Upto certain level it is really hard to reach beyond that, connections itself will uplift as well as give hands on unexpected downfall. As in the post above, to get a loan a common man have to go through big process. The person going for the second time the procedure will be less, if the person going for loan have elevated his level than the past.

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Quote from: Silberman on May 27, 2023, 06:05:05 PM

Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.

To have good relations with politicians, he also spent a lot of effort and money to achieve it. It can be said that it is his wisdom and unique business strategy that has created different results. And in return, when the government decided to help his business, they calculated it in their favor. They take advantage of Elon's intelligence to create superior technologies for the country and inhibit the progress of other countries, as you say. It can be said that this is just a win-win cooperation, no one helps others without receiving any benefits in return.

ethereumhunter

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I am not an economist but I feel that many rich people are willing to give more than others because they believe that supporting many things will also support their company. Maybe Elon has a big backing behind his company but we don't know who the supporter is. And we know that Elon worked in many businesses, making him famous and popular. In comparison, other small companies do not get support from many people or the government. I don't know. That's just my estimate because I also don't know why Elon can get so many things, including support.

irhact

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Quote from: Accardo on May 26, 2023, 01:18:10 PM

Taking it from a cryptocurrency point of view, bitcoin is already big in market capitalization and more people still put in money into it, while some altcoins are seeing massive decline of investors. The advise all over the market is to invest on coins that have proven to be profitable on the long run. Similar to what is happening in other businesses. Elon's businesses would bring profits to the investors that's why they're contributing more money into the project and he's building fresh technologies that has been rampant in the tech world. So, it's sure that it'll progress and succeeds, these investors take calculated risks and don't love throwing money on businesses that doesn't guarantee profits.

That's very correct and to add more, we have so many altcoins just as we have so many new business builders with good ideas but many altcoins will fail thereby losing investors money and same thing happens in the business world. Altcoins failing mightn't mean the projects ideas weren't good but they lacked marketing to let people know about the projects and same thing happens to new business.

Business owners will only give their money to someone who they know can double their money for them. Elon musk has a reputation for success just as Cz, the founder of Binance exchange has a reputation for giving new project success through Binance launchpad.

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This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.

BitDane

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support.
In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

One reason is that his project is into space exploration and will give the country greatness on things that were discovered during the exploration. I bet there are also terms of acquisition if there are new materials discovers in space.

I don't think government does not offer assistance to starting company. I believe they have programs to cater the needs of company and dependent on the negotiation, the company may or may not get financial assistance from the government. It is that the news does not announce to the public when the government give aid on small company because it won't attract many readers. In addition, in my country there are government programs that gives financial aid to business start-ups.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

In situations like this, I don’t think the government will invest all in a private company and still help them in subsidizing taxes without them having some percentage of share with them. This is a capitalist system of government and we can only see what they show to us while the main picture is hidden from us. Small businesses that have such ideas and cannot fend for themselves or cannot get some share for the government also are mostly being clamped down and not allowed to grow in order not to become a worthy contestant with them in the city or country.

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Government doesn't shower just because Elon Musk have innovated things or he is good in attracting funds. The prime reason is the benefit government get out of it. No government just spend the people's money into private firm. Another thing, government is also under research of the similar concept. Governments make agreement to use the technology, in such a different things are around the market than just saying one who's with abundance will be showered with more.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

We could actually interpret this in a number of ways.

Let's say a person has fear, or doubt. For whoever has FUD, to him more will be given, and he will have abundance... Tongue

Quote

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk.

I know this as "the rich get richer as the poor get poorer" and it's of course true. It's not hard to make more money when you have plenty.

tjtonmoy

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Do you want to invest the majority of your assets in a project which only make promises to deliver this and that or in some case, the company will give you fewer profits that the one already doing good and could give you a better return profits than that? Of course not. And they only get those privilege because they have the ability to give back what they took as a loan. And the more you give, the more you will get as an interest. So instead of giving small companies less money or privilege, the system chooses those from whom they can benefit more. Money makes more money and this is the rule they follow. For this reason, the poor will stay poor, and the rich will make more money.

BIT-BENDER

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It's an open secret how the US government and so many other governments of the world are doing their very best to keep the rich and wealthy in their society richer and this is just amongst the many examples of such practices. Their is a part of the Dictator movie where the main character was speaking to an audience and giving some point why the government of the united state of America should be a dictatorship ran government, but it's was quite ironic that all the point he gave as to why they should be a dictatorship ran government is precisely what the united state of America is doing.

It's really an unfair truth that the billionaires run the world, right to the stock market, real estate, and even medicine and the government just plays ball and do everything the cn to support them.

Fesatmas

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Talking from an economic point of view means that it relates more to the level of finances owned, influence and the products offered really have appeal in the world's economic competition industry. Elon Musk is not just an investor or an innovator, but he plays a role behind everything that is political in nature, whether we realize it or not, the funding in the government must flow without us knowing. Because of that he was able to survive and has a strong axis to take into account both his policies and the decisions he makes often cause slight shocks in the market.

But keep in mind Elon Musk is just part of a small government agenda to build things up to make things look more real. This sounds like an ancient conspiracy that we often encounter, but imagine if it was completely controlled and everyone, including respondents like us, were only complementary materials to keep things running.

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To be fair, it was in the context of why Jesus speaks in parables in the Bible, but I do agree that the phrase tends to hold in our world in general. Of course, it's too generic to say how true or false it really is, and there can easily be counterexamples where those who don't have are given something, like unemployment benefits or support of charities. But we do live in a world where the more you have, the more you can further receive, and that is very wrong and sad because it only exacerbates the existing inequalities instead of working on making them smaller. If you are wealthy, more doors are open to you for further opportunities, you probably have a lot of connections that can help you become even wealthier, and there's more trust in you than is someone who isn't wealthy.

Husires

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Elion Musk's wealth comes from the companies he invests in, as I do not think that he has a large amount of cash, but the shares of those companies can be used as collateral in order to obtain cash, or at least borrow through them with low returns.
As for why the government finances it because there is a return from this financing, it will benefit from it, and therefore (government earns you earns all happy), while when it funds the citizen, it mostly does it as a service, but there is no return for governments from financing individuals or even supporting small companies because most of them will be liquidated, but inevitably all will support the successful company.

It's all about return on investment.

Mate2237

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I don't know how you understand that Biblical illustration by Jesus. And from what I read from you, you are bringing that to economic situation which is very far from it. Jesus was preaching to a very large crowd of people about the kingdom of God and all was about repentance. And it was a repentance message to the people. "Whoever that has accepted Jesus Christ has his personal Lord and Savior then will have everlasting life, that's more has been given and whoever that didn't accept Christ as his personal Lord and Savior even the life that has been given to him will be taking back at the last day so I don't where you brought this to your economic analysis.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

Is unfortunate that this things happen over the globe and different countries that government will help bigger conglomerate to continue existing and give little or no support to smaller companies like you have pointed out. This is like to refer to the saying that success has followership but failure doesn't, usually people want to associate themselves to success but do you know the real secret on why that happens? The big companies and their owners are friends to government, to people at the corridor of political powers. You will find more investors of such big companies from those in government, those powerful legislators. They are partners and will make policies that will make loan available to bigger conglomerate on whatever guise. So smaller companies have to struggle on their own with help of family members to survive.

Obari

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Well I'm not either an economist but let's be realistic and analyze the whole incidence.
No one wants to invest in something that isn't really guaranteed and most of Elon's investments seem guaranteed and just like every other person, the governments and other prominent investors wouldn't want to risk their money in projects that don't seem realistic or don't give a better promise on return of investment (ROI) and hence, if they can afford investing in Elon's business then isn't one of the best options an investor can make and that simply answers why people go for name and reputations because people want proves not hopes

Accardo

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Taking it from a cryptocurrency point of view, bitcoin is already big in market capitalization and more people still put in money into it, while some altcoins are seeing massive decline of investors. The advise all over the market is to invest on coins that have proven to be profitable on the long run. Similar to what is happening in other businesses. Elon's businesses would bring profits to the investors that's why they're contributing more money into the project and he's building fresh technologies that has been rampant in the tech world. So, it's sure that it'll progress and succeeds, these investors take calculated risks and don't love throwing money on businesses that doesn't guarantee profits.

kaseygriffin

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They see great value in supporting ELON Mark businesses. He's a really good guy at making money; that's undeniable. The huge success of SpaceX and Tesla in areas like space exploration and sustainable energy. Such great values really move them and make them want to promote the partnership. That is what they want to do to benefit both parties rather than invest in a small business that has not really been successful and may also fail at any time, which causes economic damage and is undesirable.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

You have definitely noticed that there are others who are engaged in a similar business, but remain out of their lot. Perhaps they can offer better solutions, but as you can see, no one helps them expand. Why are they worse than Elon Musk? I guess that's not the point at all.

But what if the reason for this discrepancy is Elon Musk's personal connections in the government, thanks to which he manages to receive funding from the US government. These guys may have personal selfish interests to support Tesla and SpaceX. Could it be that these people have a good share of the shares of these companies? Maybe. All this remains at the level of speculation, but one thing is clear - there can be no talk of healthy competition.

bittraffic

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When you are wealthy you learn to make more money with your money. You don't even need bible to prove it right. Hundreds to thousands of people just pay corrupt officials of government agencies to buy a huge land area which these people also plans for the mining of minerals.

Elon is a military weapon developer as far as news websites are saying to which US government and his company has a contract. He sure will have more money even if the government defaults.

teosanru

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

I think bigger companies will always enjoy these benefits from government and there are multiple reason for this, first reason is that these big companies give big funding to Political parties which obviously helps them run their day to day affairs and election campaigns, then these major companies promise employement generation at a massive level through their factories so government can display that they have created so many jobs in their tenure. So it's basically a game of tit for tat. People who have something already also have the capability to offer things to someone else therefore continue getting incentives.

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There's the difference with your example and that's Elon Musk. The government will certainly support him because he's got a reputation and his companies have already proven track record and have been stable overtime.

But it's true, I do get the point with the verse that you've given and the other examples that those smaller companies receive smaller to no support because they're small or either new.

This isn't new because when a company or a person becomes successful, that's where opportunities will come to them at most times.

demonica

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Well if you are rich and successful, other people would want to have a great relationship with you so they will try to offer or give you something that will benefit you. Because in return, it will also benefit them. That's how rich people maintain their power, by creating connections where both of you can benefit from each other. On the other hand, if you are nobody, you also have nothing to offer to others so they won't bother making great relationships with you. Aside from Musk and the government, it's happening to a lot of people and businesses as well. That's why social status matters a lot.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

If you have a good track record of success then people will be drawn to investing in your projects. You'll have access to funding that others can't get access to and your business will always receive high praises because you have laboured and made yourself successful in the past. Your business might not be the best in the sector it's operating but you'll always get the most profits.

You can't trust someone that hasn't proven that he can be successful and betting on that individual is more riskier than betting on someone who has carry many companies into multi million companies. But to have this favor, you have to be offering something unique.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

For whoever has, to him more will be given, and he will have I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist?

Well, if you call it a discrepancy then so it is, there's also a saying that the more you have the more you will be given, those people are well know for standards and reputations, they have money and can not run away, which means they are reliable, they are people with an already background check run on them, the world cannot be balanced, there's what we call priority base on the entitlement each person holds, can you be served thesame meat with your governor in an occasion, he will be giving higher priority over you because of the political power he holds.

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

(...) Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

not sure if I'm understanding the OP's question correctly about people's interest in something, the issue should be based on multiple perspectives and the fact that the value of the product (which has been and is being recognized) from someone) to compare the scale then I think it's easy to visualize. An example that you mentioned from Elon Musk, and I also know that to have such success, he also had to put in a lot of effort to get results, it is better to compare the process of they do not look at the current results to compare and argue without logic. As for the interest of small corporations or individuals, what is their difference in the competitive economic and technological environment or in many different fields?, I believe a product has a price Development values for people will always be received over time and vice versa.

Gallar

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Actually you look at all of that and compare it from the point of view of different conditions. Why do I say that. That's because almost all business people, and entrepreneurs who are already successful now, not a few have a dark past. But they didn't give up and kept fighting until finally they succeeded in achieving all their dreams. So what you mean is that those who only have a little capital tend not to be looked at by people or the government. Because the government or the general public must have seen the evidence first. It was only after that that a sense of trust emerged among the people and reached the government.

And when viewed from an economic perspective, there will definitely be a significant difference from what is called venture capital. So it is certain that those who have small capital will not develop as fast as those who have large capital. But do not rule out, even those who only have small capital will be able to develop quickly. Because you do not forget other factors besides money. Such as innovation, inspiration, fighting mentality, and totality in doing his job.

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That part of the scripture is actually about becoming profitable with the gift our CREATOR has given you. Better still, using the talents, knowledge or resources that have been given you to produce goods things for the benefit of society.

If You are not productive with the gifts they will be taken away. If you are productive more will be given.

Not a good idea to use the quote for the culture or standard of the world. Don't forget it's a dead world that can hardly produce any good thing or do good.. They need the true light to see and do right.
The quote is meant for the Israelites or Christains.

* The World's culture isn't really fair. Small businesses that use their gift well will likely not get more gift unlike in the Kingdom of Light. They get more blessings or gifts as they continue to do right and grow

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Elon Musk is doing a job that the government should be doing. Historically it is the government that finances capital-intensive exploration or scientific research. The first American space adventure Project Mercury in 1958 was sponsored by the US government. But as entrepreneurs keep making advancements in technology, the government will always want to support them because it will benefit the country. The US wants to ensure that this project becomes a US brand and it will become a project that promotes national pride. Also , the government wants to secure these inventions to restrict these entrepreneurs from selling the idea or partnering with competing nations. Another reason is that these billionaires have the money to engage in partnership funding. The government might not want to totally fund a project so they like working with people that can afford to provide part of the project or investment cost.

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Quote from: Darker45 on May 25, 2023, 10:16:00 PM

This discrepancy isn't biblical. This probably isn't what the holy scriptures meant. The reality is that this is all about power and influence, not about whatever spiritual force there is in the world.

I agree but apart from power and influence, governments provide facilities and tax incentives to those who create jobs and generate economic activity. This is very good for governments because then they collect taxes, which they like so much.

So let's not think that the tax incentives given to Musk are given altruistically or because of the power he has. It is by giving those tax incentives that the government also ends up collecting, in the form of income tax from the employees of his companies, or VAT from the Teslas sold and things like that. Also, if Musk innovates with SpaceX, the government is spared from doing so.

Helena Yu

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Because of capitalism society, this make most of people only want to follow and get close with a rich person. Ask yourself, if you have two friends and both of them are have a same characteristic, nice and want to help you, but the one is rich and another one is poor, which one you will choose? no doubt you will choose the rich because he can pay your foods, give an expensive gift for you etc.

The government get a benefit from rich people, they can earn more money through tax and get fame. Unlike poor people who're only asking money and not giving anything back for the government.

Darker45

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This discrepancy isn't biblical. This probably isn't what the holy scriptures meant. The reality is that this is all about power and influence, not about whatever spiritual force there is in the world.

In my country, huge corporations are getting billions and billions of loans. It is very easy for them to borrow from both government and commercial banks, receive grants, even tax incentives and exemptions, and other special treatments. On the other hand, what are called MSMEs or Micro, Small, and Medium Enterprises are barely breathing. It's always a battle of survival for these small businesses. They're being preyed upon, abused, by lending sharks.

The reason? Far from biblical. It's as worldly as the lack of powerful connections and influence and grease money. They can't afford to donate millions during elections. They can't afford to give sports cars and whatnot as gifts. They can't call the president of the largest bank in the country.

dothebeats

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Maybe, just maybe, because the government believes they can utilize Musk's businesses to a certain extent. That's why they are supporting his businesses when he needs funding. Also, they know that Musk can generally get the money somewhere else through his assets so they can basically just give him whatever he wishes and it'll be at his doorstep when he wants to. There are a lot of perks when your business is literally a multi-billion dollar one with technologies that the government might be interested on. Also, these businesses failing might also translate to a lot of economic damage, so instead of letting it fail, the government can just go ahead and spend a little here and there to save it.

PX-Z

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Quote from: alastantiger on May 25, 2023, 05:17:05 PM

He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying.

Simply because the government benefits a lot from that kind of business. They get tax and they can get discounts from such business and they needed the spacex for their space projects, no more no less.
Your example of businesses cannot be compared to other "small businesses". If you are talking to SMEs, i dont know if US have that kind of sellers, but they are lot of them here which is probably government helps them provide anything they can, smaller tax, promotions, and place to sell, sometimes cash assistance as well. So you can't say government doesn't help smaller business, not unless its not registered and business owner didn't approach the government to ask for assistance.

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Elon is a wealthy business man and will attract the government and politicians to him because everyone is looking for a way to either benefit from him or to use his influence to carry out their good or evil plans. The holy book will not mislead us and I believe that for every one penny that you give out from your heart,you will never lack it. On the other hand the government might be doing all these to encourage Elon in his generosity.

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The point is how much percentage in the Musk/space x wealth is owned by politicians who hide under the capitalist to start the stolen money, I am not accusing Musk of that but that is the regular practice in most countries around the world, capitalists are just figuring head since the government people are not allowed to own some level of properties or businesses, they hide under big companies or businessmen to invest under known companies with fake names to avoid traces.

So bro there are many sides to the story of all the fairytales of being rich and influential, it's a political game, where. The rich get richer and the poor get poorer.

alastantiger

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Quote

For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

Topic: For whoever has, to him more will be given, and he will have abundance (Read 371 times)