Source: Libertarian Institute
by Thomas Eddlem
“Elon Musk has taken in at least $38 billion in subsidies and federal contracts, not counting the $1.5 billion EV subsidy Tesla took advantage of from President Barack Obama’s 2009 American Recovery and Reinvestment Act. The ARRA gave a $7,500 per vehicle subsidy to electric vehicle purchases. In total, that $39.5 billion in subsidies amounts to $470 for every one of the 84.2 million American families. That means the average family is $470 poorer because of Elon Musk. Billionaire and trillionaire sycophants counter that Elon Musk, Jeff Bezos, Sergey Brin and the other super-wealthy provide services to the American government, that these services are ‘worth it,’ and that if they hadn’t provided the services or taken the subsidies someone else would have. … [That] sounds a lot like an argument a leftist greenie and a loyalist of the military-industrial complex would make, respectively.” (07/07/26)
https://libertarianinstitute.org/articles/billionaire-welfare-queens-and-their-sycophants