Elon Musk Issues Dire Warning to Dem-Run California: ‘No More Golden Eggs’


OPINION: This article may contain commentary which reflects the author's opinion.

Billionaire Elon Musk is sounding an alarm aimed at the Democratic supermajority that governs the state of California.

Over the weekend, the Tesla and SpaceX founder took to Twitter to essentially say that while the state has managed to prosper over the years, bad policies, fiscal and social, are costing California in terms of loss of population and businesses.

“The Golden State is cooking its golden geese. Sooo tasty at first, but then no more golden eggs,” he wrote in a tweet in which he attached an investigative report by journalist Matt Taibbi containing detailed data about how Democratic rule and policies have driven California into the ground.


“The story also turns out to be in part about why California, which had a growth streak dating back to the gold rush, saw it broken in 2020, when the population shrank by 182,000, causing a first-ever loss of a congressional seat. More tellingly, over 265 companies moved their headquarters out between 2018 and 2021, with the rate of flight doubling just during those years,” Taibbi noted.

“Based on interviews with current and former executives, congressional and legislative sources from both parties, past and present employment regulators, a handful of public and private litigators with knowledge of the relevant cases, and review of thousands of excruciating pages of court records, here’s the background to sensational cases like Riot Games, Activision, and Tesla that no one told you about,” the journalist continued.

He added:

Toward the end of Barack Obama’s administration, the West regional office of an investigatory arm of the Department of Labor called the Office of Federal Contract Compliance Programs, or OFCCP, was asked to conduct a routine compliance review of Oracle, employer to over 130,000 and the second-largest software company in the world.

The OFCCP’s mandate among other things is to promote diversity and bar federal contractors from discrimination, and Obama had a vision for the agency which involved using it aggressively to correct the pay gap. ‘You are in a unique position to fix this problem,’ Obama reportedly told DOL officials early in his term. ‘Why are you not fixing this problem?’

In establishing a “National Equal Pay Enforcement Task Force,” Obama cited census statistics that showed women earned just 77 cents for every dollar earned by men, which he called an “embarrassment.” “The pay gap no doubt existed, but Obama’s claim earned a whopping two Pinocchios from future fact-checking demigod Glenn Kessler at the Washington Post.

Kessler cited sources saying Obama was comparing apples to oranges, ignoring career and educational choices (men dominated the most remunerative majors like Petroleum and Metallurgical Engineering, while women dominated the least remunerative, like Studio Arts). Kessler cited a study from the St. Louis Fed that suggested that when women and men with similar educational backgrounds working comparable jobs were compared, a pay gap still existed, but it was far smaller than “most think.”


“This would become relevant at Oracle, where experts argued over whether to compare men and women with similar degrees and experience, or compare men and women with similar degrees and experience in the same field, among other factors. “In any case, the agency rolled out a new approach that more than ever before would stress using statistical analyses thanks to “access to more data,” to identify actionable pay gap issues.”

In September, KRON reported that in the first six months of 2021, the Golden State lost 74 corporate headquarters, citing an analysis by the Hoover Institution at Stanford University.

“Compare that to the total of 62 known companies that relocated in the entirety of 2020 – the Hoover Institution calls it a ‘serious loss,'” the outlet added.

In a three-year period, San Francisco — once the ‘start-up hotspot’ of the state — saw 47 businesses leave, second only to Los Angeles.

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