this post was submitted on 07 Sep 2023
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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@downpunxx LOL. That would be Musk's wildest dream. The just compensation he would get would be astounding. Better to tax his space stuff...enough so that we could afford the regulatory apparatus sufficient to protect ourselves from it......
There's a SCOTUS case that says the government only has to pay a fair market value, not the "inflated by the government's need for the property" value. In the case a guy had bought a tugboat and fixed it up quite a bit. When WW2 started the government sought to buy it, and he insisted on a price well above the cost of the boat and the improvements, arguing that WW2 had increased demand so he should get a higher price.
So Musk would get a lot, but maybe not as much you'd think.
@jonhendry Another huge reason why nationalization would be really stupid. Starlink's value can be dichotomized into two categories: (1) Business activity that conflicts with US foreign policy, and (2) Business activity that doesn't conflict with US foreign policy. I suspect the latter value vastly exceeds the former value. In a condemnation proceeding, the US would have to buy the whole kit and kaboodle--what a waste. Then...managing Starlink's business as a federal entity (wtf?)....
it’s weird that the only thing you’ve posted in this thread is links to wav files of the sound of guillotine blades cutting through the air