Elon Musk's Political Influence and the Cost of Power

POLITICS News

Elon Musk's Political Influence and the Cost of Power
Elon MuskPoliticsWealth
  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 69 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 98%

The article explores Elon Musk's growing political influence and the concerns it raises about the concentration of wealth and power. It highlights his significant financial contributions to Donald Trump's campaign and his appointment as the federal efficiency tsar, a position that gives him significant sway over federal policy and regulation.

Of immediate concern is the ease with which Elon Musk ’s limitless money has allowed him to buy his way to the pinnacle of political power. Nick Candy and Nigel Farage of the UK's far-right Reform party during their meeting with with Elon Musk (centre) at Mar-a-Lago. Photograph: Stuart Mitchell/Reform UK/PA Wire On New Year’s Day it should be possible to dredge up some inspiring thoughts about the year ahead. It’s difficult to do anything but peer fearfully around corners instead.

After a year that hardly shored up the case for humanity’s continued existence, the world’s richest man responded to a recent article about underfunded and understaffed converted hotels for homeless people in San Francisco with this: “In most cases, the word ‘homeless’ is a lie. It’s usually a propaganda word for violent drug addicts with severe mental illness.” That was Elon Musk who, in June, tweeted, “just to be super clear, I am not donating money to either candidate for US President” and by November 5th had spent nearly $300 million organising the ground game that swung the swing states for Donald Trump. The bet paid off handsomely. Since election day, Musk has seen his Tesla stock rise by $170 billion. His fortune is now reckoned to beLetters to the Editor, December 13th: On queuing for food, rural Ireland and Christmas in DublinThe bet also bought him a berth superglued to Trump’s hip and the Oval Office as the new federal efficiency tsar. The one who finds regulators – such as the Federal Aviation Administration, the authority in charge of approving launch licences for rockets – extremely irksome for his businesses now has a key role in shaping federal policy and regulation, advising which programmes to eliminate and which to retain. His attitude to workers’ safety and wellbeing within his own environment give little grounds for reassuranc

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IrishTimes /  🏆 3. in İE

Elon Musk Politics Wealth Influence Regulation

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech Tensions: Musk's Influence and EU RegulationTech Tensions: Musk's Influence and EU RegulationThis article explores the potential impact of Elon Musk's relationship with the incoming Trump administration on technology regulation in Europe, particularly focusing on Ireland's role as a major tech hub. It highlights contrasting approaches to regulation between the US and the EU, with Musk advocating for minimal regulation and the EU pursuing comprehensive regulations.
Read more »

Elon Musk’s multibillion-dollar Tesla payout gutted by courtElon Musk’s multibillion-dollar Tesla payout gutted by courtTesla board set to appeal ruling Musk called “corruption”
Read more »

Elon Musk Meets Lawmakers to Discuss $2 Trillion Spending CutsElon Musk Meets Lawmakers to Discuss $2 Trillion Spending CutsThe world's richest man, Elon Musk, met with US politicians on Capitol Hill to discuss his plans as co-chairman of the newly announced Department of Government Efficiency, aiming to trim over $2 trillion from federal spending.
Read more »

Edward Norton: ‘Look at Elon Musk: he’s the ultimate government trust fund baby’Edward Norton: ‘Look at Elon Musk: he’s the ultimate government trust fund baby’Norton might be best known for his blockbuster Hollywood roles, but the actor is also a committed environmentalist and successful entrepreneur
Read more »

EU tech chief strikes conciliatory tone with Elon MuskEU tech chief strikes conciliatory tone with Elon MuskHenna Virkkunen seeks to repair relations after her predecessor sparked US billionaire’s ire
Read more »

Elon Musk’s X vs Coimisiún na Meán sees new online safety code in the crosshairsElon Musk’s X vs Coimisiún na Meán sees new online safety code in the crosshairsBig tech fears more stringent rules being applied to their online platforms under a series of domestic and EU laws
Read more »



Render Time: 2025-02-16 08:57:00