#roberreich — Public Fediverse posts

Trumps' Musk card.
#uspol
Source: Robert Reich
"For many years I’ve argued that the consolidation of great wealth in the hands of a few undermines our democracy. Wealth is most dangerous when transformed into political power.

Elon Musk is the poster child for this concern.

One way Musk is transforming his gargantuan wealth into political power is by committing $45 million a month to a new pro-Trump super PAC founded and funded in May by other tech oligarchs, according to recent reporting. On Tuesday, Musk distanced himself from that claim, saying that the actual amount is lower.

Either way, we may never know how much Musk is plunking down for Trump because of Musk’s avowed distaste for groups whose donors must be legally disclosed. Musk prefers to wield his political power through dark money.

A second way Musk is transforming his wealth into political power is by posting pro-Trump, anti-Kamala Harris messages to his 189 million followers on X, formerly known as Twitter."
#oligarchy #ElonMusk #RoberReich #trump

On FB #MoveToAmend passed on a tweet by #RoberReich about all the tax evasion by the super rich. I wouldn't have paid attention to it but some people I know got to discussing this news and it made me think about #EKHunt's #TheInvisibleFoot , #AdamSmith's values, a recent mastodon post, and #NoamChomsky's classic speach #DemocracyAndEducation
- Democracy And Education, speech by Noam Chomsky .pdf
- E.K. Hunt in on-line book Quiet Revolution in Welfare Economics
- E.K. Hunt Mastodon tag (decent guy)
- E.K. Hunt James Buchanan tag (evil guy)