"It's Pure Envy" – Billionaire Defends Elon Musk Against Bernie Sanders

**SPEAKER_1** (0:00)
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**Patrick Bet-David** (0:30)
Elon Musk, as of right now, is worth around 1.3 to 1.4 trillion dollars as of right now, okay? Numbers came up. It's so funny.
I saw a meme that said, the richest men in the world and it had Elon Musk number one. Number two, it had Khomeini because of $300 billion.

**Adam** (0:51)
With an asterisk. With an asterisk.

**Vinnie** (0:54)
With an asterisk next to it.

**Adam** (0:56)
Very bummed.

**Patrick Bet-David** (0:56)
It was so hilarious that he was on the, but Elon Musk is 1.3.

**Vinnie** (1:00)
Can I give you another? Patrick Domas, is that what you call him? Patrick Domas? You called the billionaire thing for Elon Musk a couple of months, a year ago.

**Patrick Bet-David** (1:08)
Yeah, but let me tell you, I also told, I don't know who, Adam Kins, I don't know who was, a guy that responded, I said, there's gonna be two to five more trillionaires. There's gonna be five more trillionaires the next two to five years. I think that's gonna happen like this in no time. But let's stay on this. He becomes a trillionaire.
Bernie Sanders and Elizabeth Warren, furious, okay? How dare you become a trillionaire? Does a person really need that much wealth, right, to become a trillionaire? And they commented on this, and guys, I think we got the clip on both of them. If we play this clip, I wanna go to this because on SpaceX, the stock's gone up, it's not slowing down. It's, the valuation hasn't slowed down. Where's SpaceX stock right now, Tom? If you look at it.

**Tom** (1:46)
195, down a little bit today, but 195

**Patrick Bet-David** (1:48)
195 So, you know, the people that made all the money, the 4,300, 4,400 people that became millionaires, the 33 non-executives that made $200 to $400 million, now that's $300 to $600 million. Here's Elizabeth Warren reacting to it. And then as well as Bernie Sanders, and I wanna kinda open it up because there's a cal she that came up, which I'll go after this, guys, if you wanna find that as well, the cal she of whether the wealth tax will be on the balance in California, it's dropped like from 86% to 34%.
Here's Elizabeth Warren, go for it.

**SPEAKER_6** (2:19)
Elon Musk is officially the world's first trillionaire. Think about that. We're living in a time when more and more people are just hanging on by their fingernails to survive in this economy. And Elon Musk has more money and more wealth than anyone in human history. I wanna be clear, this is not just some fluke, it is a feature of a rigged economy.
Elon Musk is official.

**Patrick Bet-David** (2:47)
It's a rigged economy. So that's her saying, a rigged economy. Bernie Sanders comes out and says, Elon Musk's rise to trillionaire status is not a time to celebrate. It's a call to action to take on the unprecedented income and wealth inequality that now exists and the greed and power of a ruling class that is destroying the social fabric of America. Our democracy cannot survive when one man who has contributed $290 million to get Trump elected becomes $700 billion richer since he got elected. Our economy cannot sustain itself when one man owns more wealth than the bottom half of our society, when 60% of our people have paycheck to paycheck, when we have the highest rate of childhood poverty of any major nation and when our kids have a lower standard of living than their parents, this is not about wealth, it's about power. Musk and his fellow oligarchs want it all. Together we must fight back. We can and must create an economy and government that works for all of us, not just Elon Musk and his fellow billionaires. So, as a billionaire, John, how do you react to this?

**John** (3:46)
In my soon to be best selling book, Life is Luck, I write the, oh, it's here, surprise.

**Tom** (3:54)
Hey, we have one.

**John** (3:55)
Oh, I'm so surprised.
I write about Elon Musk. Does everybody at this table know about a concept called first principle thinking? No.

**Adam** (4:06)
Yes, first principles, yeah.

**John** (4:07)
First principle thinking. It was originated by Aristotle. And basically what Elon Musk is, is a first principle thinker. And here's how first principle thinking works.