Elon Musk: ‘Another government stimulus package is not in the best interests of the people’ – By Nicole Lyn Pesce (Marketwatch) / July 25 2020
The Tesla CEO said a second coronavirus aid package would be ‘jammed to the gills’ with special interests
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:
“Another government stimulus package is not in the best interests of the people.”
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.
“Goal of government should be to maximize the happiness of the people,” he wrote. “Giving each person money allows them to decide what meets their needs, rather than the blunt tool of legislation, which creates self-serving special interests.”
As a reminder, I’m in *favor* of universal basic income
— Elon Musk (@elonmusk) July 24, 2020
Continue to article: https://www.marketwatch.com/story/elon-musk-another-government-stimulus-package-is-not-in-the-best-interests-of-the-people-2020-07-24?mod=home-page
