‘“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” Trump wrote on Truth Social. “This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before! The better they do, the better the USA does, and that’s good for all of us.”’
What Trump just wrote is what I have called Conglomerate Tax as described in my book – The Dangote System. All industrialized conglomerates tax nations where they operate because only those companies have the capacities to deal with major challenges governments want solved but unable. And as those companies execute, governments send them goodies via subsidies. When people complain of Dangote in Nigeria, you are complaining because Nigeria does not have many Dangotes. Ideally, we should have 20 Dangotes, and if we do, nobody will care that much.
Do you know that US changed tax laws to help Amazon when it waived the collection of sales tax for online companies when it was ONLY Amazon that was in doing so at scale? Do you know that any Tesla sold gets subsidies from all Americans due to EV subsidies?
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Governments do those to enable the creation and stimulation of new industries. It is a great policy when used strategically!
Trump Says He Wants Elon to Thrive – Won’t Take Away All Subsidies
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