The Daily Populous Wednesday October 30th, 2024 night edition
Authored by newrepublic.com and submitted by harsh2k5

Trump’s plan to appoint Musk to his administration, possibly to lead a government efficiency task force, could also have negative effects. JD Vance, Trump’s running mate, previously said Musk told him that he plans to look at cuts to government programs like Social Security and the Department of Defense.

Judging by what happened after Musk gutted Twitter and laid off many of its workers after he purchased the social media company, there are justifiable fears that he would cripple essential government programs. Social Security, for example, is a lifeline to many older Americans, and in fact needs more funding, not less.

Musk’s status as the world’s richest man, as well as the success of his companies like SpaceX and Tesla, comes from taxpayer funds. When the government isn’t involved in his ventures, they’ve suffered, such as Twitter (now X), which has lost more than a third of its value since he took over the company. Musk’s confession that the economy would initially get worse under Trump is worrying enough, but his idea that it would lead to a rapid recovery should be cause to reject his plans altogether—as well as the administration that would enable them.

Actual__Wizard on October 29th, 2024 at 17:07 UTC »

So, we're now openly discussing Trump's plan to crash the economy. They're just admitting it now. Okay.

Yeah obviously if you crash the economy, the rich people can buy up huge amounts of assets and banks will loan them money to do it. So, yeah they do actually want the economy to crash. That is their plan.

rodentmaster on October 29th, 2024 at 16:59 UTC »

Says he knows trump will destroy the economy but that's a price he's willing to pay to recreate it on a "sounder footing" with less government, less spending (and no doubt, he didn't mention less oversight for billionaires like him). He doesn't care if this literally destroys the nation as long as he profits.

12345Hamburger on October 29th, 2024 at 16:58 UTC »

TL;DR: He literally wants to crash the economy.