USA Africa Dialogue Series - Hypocritical subsidies for Elon Musk

"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" Donald Trump 

Remember when the IMF and the World Bank told every applicant for loans that it was a sin to apply subsidies to companies or entities. Doing so meant violating all the laws of the universe and going to Hell in a hand basket!  Well all the while,  the hypocrites who articulated this ideology were giving subsidies to farmers in the Midwest  - and  to Elon Musk.

The allegedly raise -yourself -up -by the- bootstrap whiz kid

got tons of subsidies but had the audacity to cut the safety net for millions of people in his dodgy DOGE gambit.

Space X has received at least $1 billion annually in government contracts, loans, subsidies, and tax credits since 2016, with amounts increasing to between $2 billion and $4 billion per year from 2021 to 2024.Tesla received over $1 billion annually since 2020. Subsidy also comes from states providing tax credits, grants, and reimbursements to Musk's companies.

Meanwhile, West systematically condemns China for giving subsidies to companies and state enterprises.

 

Dr. Gloria Emeagwali
Professor of History/African Studies, CCSU
Chief Editor- "Africa Update"
https://sites.ccsu.edu/afstudy/archive.html
Gloria Emeagwali's Documentaries
www.vimeo.com/gloriaemeagwali
www.africahistory.net
Founding Coordinator, African Studies, CCSU