Elon Musk is way too powerful. His own account on Twitter, the company he owns, dominates the social media platform.1 And the misleading election claims he’s posted on the site have been seen over 2 billion times.2
That’s just the start. Musk wants a role in government to “reduce waste and needless regulation.”3 Yet, the companies he owns have billions of dollars of contracts with the federal government.4
Elon Musk has extraordinary influence and control over our society because of the tremendous wealth he’s stockpiled thanks in part to a broken tax code. Congress cannot sit by and let the ultra-rich continue to exploit our tax system.
As the New York Times put it recently, Trump giving Musk a role in his administration would, “essentially give the world’s richest man and a major government contractor the power to regulate the regulators who hold sway over his companies, amounting to a potentially enormous conflict of interest.”5
When a few billionaires can have such a major influence in our political system, it threatens our democracy. Congress must rein in Musk by raising taxes on the ultra-wealthy and corporations.
Thanks for taking action,
Joey and the team at Demand Progress
Sources:
- The New York Times, “How Elon Musk’s Own Account Dominates X,” November 3, 2024.
- CNN, “Elon Musk’s misleading election claims have been viewed more than 2 billion times on X, analysis finds,” November 4, 2024.
- Forbes, “Elon Musk Says He 'Can’t Wait' For Trump Administration Position: Here’s What They’ve Said About Working Together,” September 3, 2024.
- The New York Times, “U.S. Agencies Fund, and Fight With, Elon Musk. A Trump Presidency Could Give Him Power Over Them,” October 20, 2024.
- Ibid.
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