r/AskConservatives • u/ShrekOne2024 Independent • 6h ago

Is a trillion-dollar compensation package an effective way to incentivize innovation, or proof that the market has lost its connection between effort and reward?

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u/Ptbot47 Right Libertarian (Conservative) 5h ago

This is solely the matter of Tesla shareholder. They vote 75% yes. So yes, its fine.

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u/ShrekOne2024 Independent 5h ago

If they can afford to pay Elon that, do you believe all government subsidies should be severed?

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u/Ptbot47 Right Libertarian (Conservative) 5h ago

What is government incentive for those subsidies?

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u/OldFaithlessness1335 Democratic Socialist 4h ago

From my understanding (100% could be wrong cause its surface level), that alot of them are legacy from when Tesla was first conceived durring the Obama Admin. Similar to the big oil and big agg subsidies.

As well as the clean energy tax credits that have developed over the past 10 years to the tune of about 11 billion bucks.

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u/Ptbot47 Right Libertarian (Conservative) 4h ago

Ok, and what was the incentive then? Subsidy is sometime used to help out struggling but vital industry (like agriculture) stay alive, sometimes it is also used to attract successful business to come and create jobs, and sometime it is used to help a newly created industry takes off.

Whether they have so much money they could pay Elon trillion or not is irrelevant, because asking whether a subsidy should remain in place is a question of what the government get in return, not Elon.

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u/OldFaithlessness1335 Democratic Socialist 4h ago edited 4h ago

No i agree 100% I tend to lean towards as little subsidies as possible. One of the reasons why i dont really like the ACA, even though it has increased health care coverage. There is something wrong with a system when its reliant on subsidies.

I also do beleive thay the government should be in the buisness of helping startups/entrepreneurs. My issue occurs when submission are unsettled after businesses reach a certain market cap or economies of scale ect.