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Musk Becomes First Person to Hit $500B Net Worth

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1 day ago

Above: Elon Musk during a press conference in the White House Oval Office, on May 30, 2025. Image copyright: Allison Robbert/AFP/Getty Images

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The Spin

Establishment-critical narrative

Elon Musk’s astronomical and rising fortune shows why a wealth tax is desperately needed. This level of wealth and accompanying power is poisonous to American democracy and society, exacerbating growing economic inequality. Only through redistributive policies can the U.S. hope to balance this lopsided system.

Tax the Greedy Billionaires

Pro-establishment narrative

Elon Musk is not on his way to becoming a trillionaire due to a rigged system, but rather because of his own hard work and ingenuity. Rather than a burden, this should be considered a blessing. After all, the Tesla boss managed to make his historic fortune by revolutionising transport and robotics, developing technology that benefits all.

Aei