Elon Musk seems to be on a spree to criticize the incumbent administration of Joe Biden. In a historic purchase, Elon Musk acquired Twitter for $44 million. However, recently, due to the <5% of spam accounts which does not contribute to the monetary gains, he has held the buy.
Joe Biden’s administration has formulated a policy ‘Billionaire Minimum Income Tax’ to supposedly tackle the rising inflation. The top 0.01% in the wealth tier have to pay 20% of taxes on their wealth to reduce the income inequality and balance the budget deficit. In a recent tweet, he provided a solution to curb inflation by increasing tax on rich corporations. This was an indirect attack on the Tesla owner. Musk has clapped back at Biden in a podcast held during the All-In Summit.
“United States May Be Next Venezuela”: Elon Musk Slammed The Biden Administration For Incompetence
In the current times, the inflation in the US is as high as 8.3%. Due to the pandemic, the economy faced a slump. There was influx of money that led to higher purchasing power. However, the Russian invasion of Ukraine led to a shortage of goods and services around the world, including in the US. Now, the prices have peaked due to a shortage of goods.
Pertaining to this condition, Elon Musk has slammed Joe Biden and his administration for displaying incompetency in times of crisis. During the All-In Podcast, he warned that the US might be the next Venezuela. In Venezuela, since January, there has been political unrest combined with food shortage and hyperinflation. As per reports, 6 million and more refugees, asylum-seekers, and migrants have left the country. This is considered the largest migrant exodus in South America.
The business magnate blamed Biden for not accomplishing anything but inflation-inducing bills in his tenure of 18 months. He said, “The obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously. If the federal government writes checks, they never bounce … if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation.”
Musk argued that the government cannot just focus on issues without having the foresight of the possible economic infections. He referred to the Congress’ handling of the pandemic. He continued, “If the government could just issue massive amounts of money and deficits didn’t matter, then why don’t we just make the deficit 100 times bigger. Various countries have tried this experiment multiple times. Have you seen Venezuela?”
Elon Musk Believes That The Real President Is Whoever Controls The Teleprompter
Musk provided an observation that Joe Biden is too much controlled by the lobbyists and special interest groups. He said, “In the case of Biden, he is simply too much captured by the unions, which was not the case with [former President Barack] Obama.”
Times published a bombshell article that indirectly hinted at Biden’s win was premeditated to prevent the Trump catastrophe. The article mentioned that the business class and labor class joined hands in a cross-party coalition to overthrow the Trump reign. This may be the reason for Biden’s loyalty toward these special interest groups.
Musk provided his definition of the real president. He said, “The real president is whoever controls the teleprompter. The path to power is the path to the teleprompter. I do feel like if somebody were to accidentally lean on the teleprompter, it’s going to be like Anchorman,” the CEO added, referencing the 2004 film in which Ron Burgundy reads things on the teleprompter as it which leads to his career turning into ashes.
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