Elon Musk pumps nearly half a billion dollars into Republican campaigns ahead of midterms: report
Elon Musk has reportedly injected around $77 million into his America PAC in the first half of October alone
SpaceX CEO Elon Musk has pumped more than $445 million into Republican campaigns ahead of the midterm elections, according to a report.
The GOP has been forced to contend with grim polling ahead of the midterms, with Democrats surging in polls across the country amid public anger over the war in Iran and the cost of living.
Musk, among the richest people in the world, has become increasingly tied to the GOP in recent years - even overseeing the Trump administration’s DOGE scheme before dramatically exiting the White House.
https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-money-election-republican-midterms-b3072024.htmlOpen linkView original on lemmy.world
56 replies
I love when they spend a fortune, but lose anyway.
Imagine being so stupid to think politics is a sound investment.
Thats 445 million we could have taxed at incredibly high rates if we closed the stupid borrowing against shares until you die because your so wealthy loophole.
That could have required billions with a high enough tax rate.
Would he have still done it then?
Edit: shit, Im wrong if that counts as a donation and is tax deductible:(
Esit: actually im not fully wrong if its tax deductible. If for example he had to sell 2 billion to get 445 million, he'd only get to write off that 445 million. That'd still be 1.1 billion in taxes.
Still gonna lose.
Putting that into perspective someone fairly well off ($100k/year income, and for the sake of round numbers let’s say this person has assets worth $1 million [home, car, etc.]) that would the the same as this imaginary person spending around $500. Less than the cost of a new smartphone.
Fucking tax the rich.
Wait billionaire is evil? Nobody could have seen this coming?
If Billionaires are evil, what are Trillionaire$?
A thousand times more evil I guess
Deport this fuck to jail!
Why is it not here yet?!
C'mon people! Prove to the world that elon can't just browse the world to purchase politicians. Make him lose some of that chump change he's callously throwing around! Bring seriously thinking adults back into the fold again!
This muskrat guy is genuinely just evil at this point.
The sad part is, this is peanuts to him and a complete waste of money.
The people making those ads are gonna get that money though.
Half a billion here, half a billion there, and pretty soon we're talking about real money.
This mf is a trillionaire. Half a billion is 0.05% of his wealth.
he's actually not. paper wealth and real money are not the same thing.
$500M is lot of money for him, but he knows if the GOP get kicked out, he's going straight to jail.
Seriously, lets put this dude's wealth into perspective.
If you have $10,000 in the bank, this is like donating $5.
If you have $100,000 in the bank, this is like donating $0.50.
If you have $1,000,000 in the bank, this is like donating a fucking nickel.
That's how small and meaningless $500,000,000 is to him.
And let's be clear, now, inflation is so high that being a millionaire isn't the sign of extraordinary wealth it used to be. It's owning a house in the 'burbs and having a modest 401k. And disparity is so high that I'm sure a fair number of people reading this are saying "I wish I had $10k in the bank....".
We shouldn't even call it "donating". That makes it sound selfless and helpful. It's not. This is investing. He invested $500,000,000 into politicians, and if it pays off, it willl pay off big for him.
Nothing about this should be legal or acceptable.
That math isn't mathing.
If the amount you have in the bank goes up, the donation should also go up.
Is a joke, mate. U.S. Senator Everett Dirksen said about government spending, "a billion here and a billion there and pretty soon you're talking about real money," to mock how detached politicians and governments (and Elon Musk) can be from the economic reality of everyday people.
Rich people pump money into politics in order to amplify their personal whims. Then they wonder why self-described socialist politicians are becoming more popular.
Remember when he said curing world hunger was just a money problem and calculated it to be far less than his current net worth?
Pepperidge Farms remembers
Everyone here knows that none of this is true, right? Right?
Remind me again why politics and
donationsbribe money isn’t illegalClearance Thomas wanted an rv
Pardon me, but isn't it Uncle Clearance Thom.
Uncle Tom Clearance - democracy in exchange for an RV and a fishing trip (and in reality, likely something darkly sexual that we dont fully know about yet, if you know his past)
That's him!
it mostly is. everywhere else.
Therefore, one of the best ways to troll Elon Musk is to vote Democrat.
Spread the word.
You don't even have to like them! Just vote against Republicans even having power again. At the moment, that's Democrats. But fuck, we need election reform and to get rid of "first past the post" voting...
Is he afraid there will be some consequence?
The hilarious thing about this, if there is one, is that Republicans are all fucking criminals and grifters and a not-insignificant portion of this half a billion dollars is going into pockets everywhere.
Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
$ 450 million. Such a MASSIVE number!!! Let that sink in, that it's "donations" so it'll become some tax write off, I'm sure. Still, such a crazy amount to go to waste!
However...
That's only 0.045% of his overall wealth... Sure, not his "income", but with a half billion tax write off, it's a win-win for him.
If you personally have enough wealth to dictate policy, you shouldn't have it
This is what they came up with for today in one the the Texas runnings that he's overly invested in controlling. Because yanno, he moved all his shit here and has a compound where he keeps his concubines and the unfortunate kids of his.
It's genuinely pathetic.
https://imgur.com/a/8Onir6l
Radical. Like, totally tubular. Far out, man.
That is so shit it doesn't even involve an emotion in besides mild confusion and bafflement. That's a new one, it's not even bad enough to be funny. Aight there's the emotion, I now want to butcher someone for wasting materials on that.
I just don't know why we're back to calling women witches to degrade them again, like it's nbd.
I think it's supposed to Halloween themed propaganda. Still stupid though and still wish to butcher.
“Spacex CEO and wannabe pedophile Elon Musk…”
I wish someone would just off him
Wait til you hear how much he pumped into rigging the results
But he refuses to pay taxes.
Why doesn’t he just go on fucking vacation? Literally get a life.
This is his life. He spends every day finding ways to steal more and more to enrich himself, to all our detriment. He doesn't need a vacation because he's never really working anyways. Dude needs to be treated like the cancer he is. Eradicated by large doses of radiation.
This is the lamest shit I could ever think about doing, if I had unlimited money…. How fuking lame is this dweeb?? He’s the literal definition of an L7🌭
I remember trying to think about corporations as if they are foreign entities trying to break and enter our government, but here we have a combination of both. Elon is not from this country and represents corporate interests trying to (and succeeding) in doing a smash and grab on the government.
Much like Murdoch.
A fool and his money are soon parted!
I wish this had even a single grain of truth to it.
Would you settle for “ A fool and a very little bit of his money are soon parted wasting it on ignorant horrible republicans that aren’t going to win!”
So far