Elon Musk doesn't think another government stimulus package is in your best interest.
While Americans are waiting to see whether Congress passes another stimulus package next week to help individuals and industries endure the coronavirus crisis, Elon Musk has this to say:The CEO of Tesla TSLA, -6.34% and SpaceX explained in a Twitter TWTR, -2.34% thread that went viral on Friday afternoon that while he does support universal basic income, he believes that any coronavirus aid coming from government legislation will be tainted by special interests.
iframe.twitter-tweet { width: 100% !important; } He added that stimulus packages are “jammed to the gills with special interest earmarks,” and that he supports “direct payments to consumers” instead. “Elon Musk whose company Tesla and his wealth were possible thanks to government subsidies,” wrote one Twitter follower.
iframe.twitter-tweet { width: 100% !important; } Still others bashed the tech billionaire — whose net worth was $66.6 billion on Friday afternoon — for weighing in on a stimulus bill with the potential to help millions of Americans keep their businesses open, buy food and avoid losing their homes. During the last round of stimulus checks, most Americans said they used the money to pay their bills, followed by putting it in their emergency savings and spending it on essentials like food.
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