Why would Musk do this? It seems notable that one of Musk’s heroes is the current president of Argentina, Javier Milei, who has been credited with taking a “chainsaw” to the nation’s government. Milei, an avowed “free market,” “anti-woke” libertarian, took office in December of 2023, and has instituted what he calls an “austerity” budget, characterized by economic “shock treatment.” This strategy has involved making deep cuts to government spending on social welfare programs, devaluing the peso, and cutting thousands of government jobs, all in the hope of some vague libertarian glowup in the near to far future.
This right here is the answer. Everyone can go home now.
Seriously, it’s not the low taxes, though those are appreciated, it’s the prospect of more market share which equals more wealth and, most importantly, power. During the housing crisis we had banks that were deemed “too big to fail.” For the next one, a handful of super-wealthy assholes will receive the same designation.