Elon Musk has spent decades building something big: himself.
And it’s worked. The myth of Elon Musk as the “good billionaire” or the “visionary genius” has made him a lot of money.
So we fact-checked these myths.
Myth One: Elon Musk is the visionary founder behind Tesla
Tesla was founded by Martin Eberhard and Marc Tarpenning, not Elon. He bought in later. Then he became CEO in 2008 and started a media campaign (centering himself) to get government loans and investments.
Myth Two: Elon Musk cares about our environment
Tesla exploits government climate programs to stay afloat.
Just one example: by selling carbon credits to polluter companies, Tesla cancels out the environmental progress they’ve made.
Myth Three: Tesla is successful
Tesla has recalled over 3.7 million vehicles this year alone.
And the company isn’t even profitable — some of the only profitable quarters it’s had were the result of selling carbon credits.
Myth Four: Elon cares about free speech
Elon Musk fired at least one employee for trying to organize a union at Tesla.
Myth Three: Elon Musk cares about free speech, continued
When a Tesla employee came forward to Musk & Tesla HR, alleging that his manager called him racial slurs and that he saw a fellow Black coworker beaten with a chair, he was fired.
Myth Five: Elon Musk is a self-made, respectable businessman
Elon Musk lied his way to the top by lying to investors for money, lying to the government for federal loans, and lying about technological advancements that his company hadn’t achieved.
Myth Six: Elon Musk is a good CEO
After Elon Musk was ousted from PayPal, CFO Roelof Botha said:
“It would have killed the company if Elon had stayed on as CEO for six more months.”
He allegedly hid serious financial issues from the board.
(And just look at the Twitter mess)
Myth Seven: Elon Musk is a genius
All it took was $8 and 10 minutes to expose Elon Musk’s greed and show he barely thinks through any of his grand ideas.
Elon Musk is no better or well-intentioned than other billionaires.
He’s just good at acting like it.
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The number of people currently in ICE custody is now over 73,000, the most in history.
DHS is planning 23 new detention centers that would more than double the number of people in ICE custody, detaining an additional 76,500 people, according to Bloomberg. bloomberg.com/news/features/…
ICE is buying massive warehouses with the intention of converting them into immigration jails in nearly two dozen communities.
ICE is the most well-funded law enforcement agency in the country, and its budget is set to triple this year.
ICE is using that cash to arm itself with a high-tech arsenal to track immigrants and citizens alike.
THREAD.
So far, seven people have reported ICE recording them and uploading their data into a facial recognition app without their permission. ICE uses Mobile Fortify and a ClearviewAI facial recognition app to track undocumented immigrants and citizens opposing ICE’s presence.
These apps are used alongside Palantir’s database of government and commercial data to find a person’s location in real time. ICE uses those databases to build a dossier on anyone with a social media profile, filling it out with public info from places like Venmo and Instagram and data brokers.
Who is the “inflation hawk,” Kevin Warsh, Trump’s new appointee to lead the Federal Reserve in May?
He’s another Wall Street broker in Trump’s pocket, calling for a “regime change” at the Fed.
THREAD:
Warsh served as governor of the Fed from 2006 to 2011 after serving as an economic aide for George W. Bush’s administration.
During the 2008 recession, Warsh wanted to keep high interest rates even as the economy teetered toward collapse. Warsh opposed interest rate cuts, and when the Fed issued them, inflation didn’t rise.
After the U.S. lost over 530k jobs in 2009, Warsh was “more worried about upside risks to inflation than downside risks.” The unemployment rate was an astonishing 8.9%, with core inflation at 1.2%.
Five months later, he said the Fed should kill support for the economy before it has “substantially returned to normal,” fearing inflation. But core inflation was less than before.
A rapidly growing coalition is launching a general strike this Friday in Minnesota, aimed at pushing out ICE.
The coalition includes:
- The Amalgamated Transit Union Local 1005
- SEIU Local 26
- UNITE HERE Local 17
- CWA Local 7250
- The Saint Paul Federation of Educators
- The Minneapolis Federation of Educators
- The Minnesota AFL-CIO
- The Sunrise Movement
- Faith leaders
And more. Thread.
Minnesota’s coalition is demanding:
1: ICE must leave Minnesota now.
2: Renee Good’s killer, Jonathan Ross, must be held legally accountable.
3: No additional federal funding for ICE in the upcoming budget.
“These are moral common sense for a state that values truth, freedom, and life.”
Since December, ICE agents allegedly trapped construction workers on a roof during frigid conditions, sprayed chemical irritants at civilians, and detained workers on the job and injured them, resulting in hospitalizations.
Scotland is considering reshaping their economy to make it more democratic, locally orientated, and sustainable.
The proposed legislation would foster worker owned co-ops, livable wages, land use for the common good, and more.
It's a model the US should take a good look at. 🧵
Scotland’s Community Wealth Building (CWB) law, proposed last March, is headed to its Stage 1 debate in November.
The bill harnesses momentum in local economic activity, spearheaded by anchor institutions—places with a strong community presence. parliament.scot/-/media/files/…
California’s 214 billionaires are panicking over a ballot proposal that hasn’t passed yet.
This November, California will vote on a one-time 5% tax on billionaire wealth.
Billionaires are up in arms, as is Gavin Newsom—who says he’ll “do what I have to do to protect the state.”
The Billionaire Tax Act responds to Trump’s OBBB, which strains California’s critical infrastructure by cutting around $100B in federal funds.
The goal? To keep California’s health care and education systems from collapsing amid skyrocketing costs and employee burnout.
The proposal vows to protect access to quality, equitable health care while supporting K-14 public education and food assistance programs through a one-time, 5% wealth tax.
A billionaire tax could “stop the health care collapse,” currently facing California’s working class.