The myth of profitability

Seeing a lot of posts on profitability of startups and I'd like to burst some bubbles. Debt is good for companies because debt's value decreases as inflation increases. Most successful companies of today leverage debt and managing risk, not by using cash in the bank all the time. Plus inflation and money printing has been pretty steadily growing in the last 30 years or so. Elon is a good example, he takes loans against his assets and equity and doesn't take a salary. Saves tax and still has money to use. Most people take EMIs even if they can afford something in cash to have more flexibility with their payments plus save taxes. Yes, it's riskier. If things go south you can lose ownership of assets. But in a global economy that mostly runs on debt with even countries being in deficit, debt is a useful tool for those who have access to it and can afford to pay it off against other assets or cash. My startup has no debt right now but we did have debt and were unprofitable over periods when we invested more into product and growth. It's all about balancing priorities and managing risk well.