Elon Musk's growing empire is fueled by $4.9 billion in government subsidies
Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.
in case you want some details about how particularly scummy musk’s current businesses are. for example:
New York state is spending $750 million to build a solar panel factory in Buffalo for SolarCity. The San Mateo, Calif.-based company will lease the plant for $1 a year. It will not pay property taxes for a decade, which would otherwise total an estimated $260 million.
and that’s just one instance of the massive government (i.e. taxpayer) money he rakes in, all so that he can profit. the traditional justification offered by capitalists is that the capitalist deserves to retain the profit because he puts in the initial investment for fixed capital but musk isnt even doing that. there’s zero reason why the employees and the people of new york (who funded hte construction of this factory) shouldnt be the ones to see the benefit, but instead this scumfuck parasite gets to walk away with the cash and impress a bunch of well-to-do liberals with how ~ecologically responsible~ he is