Posted on 12/07/2021 8:42:43 AM PST by Oldeconomybuyer
Tesla CEO Elon Musk assailed a $2 trillion social and climate spending bill, saying he's in favor of scrapping the entire package.
"Honestly, I would just can this whole bill. Don't pass it," Musk said at the Wall Street Journal's CEO Council, which he appeared at virtually. "That's my recommendation."
He swung at a specific provision within the legislation that would authorize a tax credit up to $12,500 for Americans if they bought an electric vehicle assembled by unionized workers with batteries constructed in the US.
"I am literally saying get rid of all subsidies," he said.
Musk, who said he generally believes that the government should "get out of the way," has already criticized and mocked Democrats for their legislation, sometimes using vulgar terms. He stepped up his attacks as they assembled a new tax proposal targeting billionaires. That's fallen out of the bill due to centrist opposition.
The Tesla chief executive also criticized the widening budget deficit, or the gap between what the government spends and ultimately collects in tax revenue every year. He called it "insane" and said that "zeroing out" all of the billionaires still wouldn't fix the deficit.
(Excerpt) Read more at news.yahoo.com ...
Biden: Yes, sir.
I like Musk.
He needs to start spending money on sinking this boondogle, then he’ll be saying something
“get rid of all subsidies”
Says the man who became a billionaire on government subsidies. I guess he already got his.
I like Musk too, but he’s done well with government grift. Now he’s a man of the people? Hmmm . . . Methinks the soon to be trillionaire doth protest too much . . .
Yep
Well that statement assured a negative determination in SpaceX’s Faa Environment Impact Study
“zeroing out” all of the billionaires still wouldn’t fix the deficit.
and the RATS can’t grasp that
All corporations will take government handouts and questionable tax loopholes.
Yes. Completely fake. A grifter dope addict, trying to transition his image to that of an anti-big government "libertarian."
Yes they can. They’re evil, not retarded.
Okay, some are retarded…
The GOPe only responds to $$$
Except he didn't.
He became a billionaire through hard work and smarts. Tesla has paid back every penny of the government loans they took. With interest. Look g before they were due.
If it's so easy to become a billionaire through government subsidies, how come GM, Ford etc are not even close to being worth a trillion dollars like Tesla? They had access to the same subsidies, no?
Biden’s spending bill is literally death to America as know it - by design. Musk is smart enough to realize that a sinking ship drowns all passengers, rich and mighty included - just ask John Jacob Astor.
Sure - but I don’t blame him...he knows there’s competition and they’ll qualify for the subsidies Tesla no longer does.
He’s just played the game well.
Some people just hate successful people.
There’s nothing wrong with taking advantage of what the govt does. We all do that whenever we can. Some are just better at it than others.
It’s not just the loans to Tesla, Inc. That’s small potatoes.
It’s the huge subsidies paid to everybody who bought one of his vehicles. And the huge government outlays for charging stations to “fuel” his cars. And the hundreds of billions spent by the government to “combat climate change” which created the raison d’être for EVs which artificially made the demand.
The subsidies are paid many different ways to many different recipients. Without all those huge subsidies, there wouldn’t be any Tesla, Inc.
“He’s just played the game well.”
There’s no doubt about that. He influenced the EV rules or wrote them outright. He saw an opportunity, whether natural or government-created, and took advantage of it.
Those EV subsidies were equally available to GM,Chrysler, Ford etc etc, before Tesla even started selling cars.
In fact Tesla has long ago exceeded the 200,000 car limit and don't get the EV subsidies anymore. And they are still selling more EV’s than all other car makers combined in America.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.