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Elon Musk: “The net result is inflation, which is effectively a tax on…”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

Joe Rogan Experience #2281 - Elon Musk part 1

Published February 28, 2025 | Video Starts at 56:39

So you don't have the normal corrective mechanism that you'd have for a company or for an individual. The checks just always clear. The net result is inflation, which is effectively a tax on everyone. But, you know, like, the Defense Department hasn't passed an audit in I don't know how many years. Seven years. Yeah. I mean, exactly. So it's like you'd have to be frigging Chuck Norris. (56:39–56:43)

CLAIM

Asserts that inflation acts as a tax on everyone.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Elon Musk

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“It's a matter of time before we get hit by an asteroid.”
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“I think we should stop trying to genetically engineer super viruses. It's insane.”
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“It's deliberate propaganda.”
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“It's coordinated propaganda.”
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“The Dem leadership, or, you know, political leadership, they issue their instructions and their puppets carry it out.”
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“Our elected officials have very little power relative to the bureaucracy.”
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“Government funded NGOs are a way to do things that would be illegal if there were the government.”
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“People cash out these nonprofits, they become very wealthy through nonprofits.”
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“It's a gigantic scam. Like one of the biggest, maybe the biggest scam ever.”
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“There's a total number of NGOs, probably millions. But in terms of large NGOs, tens of thousands.”
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“George Soros is like a system hacker. Like he figured out how to hack the system.”
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“Payments [from the Treasury] have no payment categorization code and no description on the payment.”
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“Interest on the national debt exceeds the Defense Department budget.”
Joe Rogan Experience #2281 - Elon Musk part 1 | Uploaded February 28, 2025 | 22:31-22:35
“We're paying over a trillion dollars of interest on the national debt.”
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“The federal government is literally losing $2 trillion a year and it does not pass its audits.”
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“Senator Collins was telling you about how she gave the Navy $12 billion for more submarines, got no extra submarines.”
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“We found just with a basic search of the Social Security database that there were 20 million dead people marked as alive.”
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“Some of them [dead people marked as alive] were getting money.”
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“The various government databases, they don't talk to each other or they talk to each other very poorly.”
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“The main payments computer [at the Treasury] is called pam, like Payment Accounts Master Database.”
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“Pam [the Treasury's main payments computer] is responsible for almost $5 trillion payments a year, roughly a billion dollars an hour.”
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“Our recommendation to the treasury and the Federal Reserve is like, we need to make the payment categorization codes mandatory.”
Joe Rogan Experience #2281 - Elon Musk part 1 | Uploaded February 28, 2025 | 29:26-29:34
“My guess is that [making payment categorization codes mandatory] probably saves 100 billion a year.”
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“There's a lot of payments that, where someone just approved the payment, but then that payment officer changed jobs or, or retired or died…”
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“It's a target rich environment for saving money.”
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“The ap, they ran an international news story saying that Doge fired air traffic controllers, but we didn't fire any air traffic controllers…”
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“In fact, we're trying to hire air traffic controllers, not fire them.”
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“A lot of really qualified air traffic controllers were pushed out because of DEI stuff.”
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“There's a talent shortage in air traffic control because of DEI and not hiring people on merit.”
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“I think we should not put the public safety at risk because of some demented philosophy.”
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“And the CIA too, I believe. The CIA was in there too.”
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“Where is the evidence? I mean, the guy has, like, tons of videos and recordings.”
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“Apparently they discovered a whole bunch of stuff at the Southern District of New York.”
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“I believe the last formal audit [of Fort Knox] was in the 50s.”
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“Pentagon will like their accounting error. The stuff that they lose in the couch cushions is like 20, 30 billion dollars a year.”
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“FEMA, the agency that was paying for illegal aliens to stay at luxury hotels in New York.”
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