Elon Musk says it’s ‘dumb’ to call billionaires the bad guys & More Trending News


New York
CNN Business

Elon Musk, the world’s richest man, mentioned on Twitter Thursday that billionaires aren’t the bad guys.

Musk tweeted that it’s “morally wrong & dumb” to use the phrase billionaire as a pejorative if that particular person is utilizing their wealth to create merchandise that make “millions of people happy.”

He added that if he might, he additionally would eliminate charitable deductions and class-action lawsuits.

Musk was replying to a tweet that mentioned, “I feel like billionaires are most benign when trying to make money, and most nefarious when spending it trying to “do good.”

Musk ran a Twitter poll, asking his 95 million followers who they belief much less: politicians or billionaires. As of noon Friday, three-quarters of the 2.8 million respondents mentioned that they had much less belief for politicians.

He then tagged Rep. Alexandria Ocasio-Cortez, who lately instructed Bloomberg she wished to substitute her Tesla with an EV made by an organization that helps unionization. Musk dared the Democratic congresswoman to run the similar ballot along with her personal followers. Musk has largely opposed unionization for Tesla in the previous.

“A union is just another corporation,” Musk mentioned in one other Tweet Thursday, which had gained 4,000 likes by noon Friday. “Far better for companies to compete for your skills, so that you have maximum optionality.”

Musk’s pro-billionaire tweets arrived as the World Economic Forum in Davos comes to an in depth. The annual gathering of millionaires and billionaires has routinely been met with criticism about the failure of the world’s wealthiest folks to give important sums to resolve the world’s largest issues – as weak populations throughout the world are anticipated to face surging vitality costs, excessive climate and hovering meals costs this 12 months.

Gabriela Bucher, the govt director of Oxfam International, instructed CNN Business at Davos this week that governments ought to tax wealth on the world’s wealthiest folks.

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This is hardly the first time Musk has opined on how billionaires must be spending their cash. On Monday, David Beasley, the head of the U.N.’s World Food Program, gave the Associated Press an replace on his spat with the billionaire, which was sparked when he mentioned in a 2021 CNN interview that billionaires should step up to fight world starvation.

Beasley recommended that $6 billion, or 2% of Musk’s internet value at the time, might assist resolve the disaster.

“Musk put $6 billion into a foundation. But everybody thought it came to us, but we ain’t gotten any of it yet. So I’m hopeful,” Beasley instructed the Associated Press at Davos.

Musk then replied to Beasley, tweeting that he would promote Tesla inventory “right now” if the meals program might element how $6 billion would resolve world starvation. Beasley then replied with a 1,000 phrase “executive summary” that mapped out how the UN might make the most of the cash to feed greater than 40 million folks throughout 43 nations.

The WFP has obtained no funding from Musk. Although Beasley immediately requested Musk for assist when talking to the Associated Press, he mentioned he stays hopeful.

“I don’t know what it’s going to take,” Beasley mentioned. “We’re trying every angle, you know: Elon, we need your help, brother.”

Last November, Musk donated roughly $5.7 billion value of Tesla shares to an undisclosed charity, a donation that made him the second largest US donor in 2021, behind Bill Gates and Melinda French Gates.

– CNN Business’ Julia Horowitz and Jackie Wattles contributed to this report.

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