Musk said in a statement that he welcomed a global recession so money wouldn't stopfools.
In response to a question concerning his attitude about a possible recession, Musk posted the comment Thursday.
Critics were happy to point out that Musk has received millions of dollars in tax breaks and a large government loan, among other things.
The development and manufacture of the Model S was financed by a $465 million loan from the federal government.
The Los Angles Times estimated in 2015 that Musk's companies had already benefited from $5 billion in government support.
In an added dig, Musk accused people who have been stuck working remotely because of the pandemic of being under the delusion that they need to say hard.
Musk figured that a good recession would last up to 18 months so resource-gobbling enterprises could die.
Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen.
Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!
— Elon Musk (@elonmusk) May 27, 2022
There was arude awakening for Musk.
Raining money? As in carbon credits? Space bailouts? Lower percentage tax rates for people at the very top than everyone else? On whom does it rain? It rains on thee...... (If this is intended as a slam on Bezos, you are partly forgiven...)
— Daniel Bliss 🏳️🌈 (@debliss) May 28, 2022
Says the man whose company had millions of taxpayer money rained on him. I guess belt-tightening is only for the masses, Elon? #outoftouch #narcissist
— Philip Guarino (@Philip_Guarino) May 28, 2022
What a truly repellent individual @elonmusk is.A megalomaniac who would have failed without public money, tax breaks & everything he criticises others for.
His lack of lucidity & humility shows how unfit he is to own @Twitter.
https://t.co/SHd3LvZvpq
— Mafevema #CommonGround (@mafevema) May 28, 2022
"Musk can scold work-from-homers all he wants. But when it comes to benefiting from handouts and loans, few have been rained on more than him"
-- Andrew Lawrencehttps://t.co/FAXe7hKWb5
— Ian Wallis (@gajido_ian) May 28, 2022
With the COVID recession alone, a John Hopkins business school study showed it would result in 1.37 million more people dying over the next 20 years than otherwise would have, especially people of color.
Elon Musk is asking for more of this.
— Rafael Shimunov (@rafaelshimunov) May 28, 2022
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