Musk explains the problem with Biden spending spree

 Brandon Morse:

Tesla and SpaceX CEO Elon Musk doesn’t have much in the way of nice things to say about Biden’s expensive Build Back Better plan. In fact, he believes the entire thing should just be scrapped.

While speaking at an event sponsored by the Wall Streat Journal, Musk pointed out that once a lot of these subsidies, regulations, and rules pass, there’s not really a way to get rid of them, and to be sure, he has a huge problem with a lot of what’s in the bill.

“Honestly, it might be better if the bill doesn’t pass,” Musk said.

Musk detailed how we would effectively be spending $3 trillion more than we earn and that if it were a private business, this would be counted as a huge loss. Add on top of that all the other obligations already piled onto the taxpayer such as social security. It also hinges on nothing else bad happening that would further impact the economy, which no one can actually predict.

Musk went on to say that the government should act as a referee and not a player on the field, adding that government should just get out of the way and not impede progress. Moreover, the rules and regulations they impart don’t just go away, making it harder for nations to advance.

Many of these rules stagnate as the situations around their creation change, making getting rid of them important according to Musk.

“Rules and regulations are immortal,” he said. “They don’t die. The vast majority of rules and regulations live forever… there’s not really an effective garbage collection system for removing rules and regulations, so this hardens the arteries of civilization where you are able to do less and less over time.”

...

Musk also opposes subsidies for electric vehicles like the Tesla he sells.  I think a majority of Americans agree with Musk and oppose the Biden spending spree.  

See, also:

Latest Poll Numbers Spell Doom for Democrats — and Bust Some Narratives Along the Way

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