This is a wild statement from the world’s richest man Elon Musk who is reportedly in the running to join Donald Trump’s administration.
Elon Musk admitted that he knows that Donald Trump’s policies would crash the economy if he’s elected president, but thinks that the price is worth it.
The tech CEO and social media mogul on Monday evening replied to a post on X from right-wing influencer FischerKing64, who posted about how Trump’s plans for mass deportations of immigrants combined with Musk’s plans as a White House adviser to cut federal spending would initially crash the economy, before creating a “sounder footing.”
Musk replied, “Sounds about right.”
Expert concerns: Analysts warn that Trump’s proposed mass deportations could devastate essential U.S. industries such as agriculture and construction, which rely heavily on undocumented immigrant labour.
Musk’s potential role: As a prospective leader of a government efficiency task force, Musk might push for cuts in critical areas like Social Security and the Department of Defense.
Previous outcomes hint at possible impacts: Musk’s management of Twitter, which involved significant layoffs and value loss, raises concerns about similar approaches to government programs.
Public funding and Musk’s success: Critics point out that Musk’s companies have flourished with government support, suggesting his ventures may struggle without it.
The dialogue surrounding Musk’s comment reflects deep concerns about the potential for these policies to disrupt the lives of many Americans and the broader economy.
