That’s what baffles me with the DOGE fracas. How long will solidarity hold when there are some very clear winners and losers within their own class?

There are a lot of billionaires who have fat revenue streams coming out of the federal budget, and I don’t think they’re all eager to trigger some sort of Mad Max/Medieval social collapse just so they can be the Archduke of San Jose after America implodes. I doubt they all bought the Network State story.

A fair number of them, expecting to live for more than 10 years and wanting to remain rich, probably invested aggressively into “skate where the puck is going” businesses that are now being slaughtered in the name of doubling down on fossil fuels and uncompetitive domestic manufacturers. Will Elon eat their losses? Of course, he’s committing financial seppuku too.