Comment by sixo

When you name your enlightened government-saving organization after a memecoin you own a mountain of, only bootlickers are going to think you're in it for altruistic reasons.

This is similar to elon's tendency to dump boatloads of money in politics to beat the people he claims are cheating by... dumping boatloads of money in politics.

If he wants any of this to be taken seriously by anyone other than his horde of bootlickers he needs to make "earning people's trust" a priority, even when it's opposed to his own interest. Instead he acts as though he's entitled to the public's trust because (he's sure) he's such a good guy, and he's (he's sure) actually acting in their interest. Doesn't work that way. Trust is earned by listening to people and by taking seriously what you hear from them—not by egoistic paternalism.

Furthermore, these business people constantly talk in terms which reflect basically-wrong beliefs about how money works at a national level. A country is not a company. A dollar spent by a country can return to its coffers as taxes many times over, and this basic fact breaks any analogy between the two.