A study published two years ago by The Los Angeles Times revealed that just three of Musk’s ventures – SolarCity Corp. (which manufactured and installed solar energy systems before its 2016 merger with Tesla Motors Inc.), Tesla Motors Inc. (which manufactures electric vehicles), and Space Exploration Technologies Corp., known as SpaceX (which builds rocket ships) – had received $4.9 billion in government subsidies to that point in time. By now, Musk’s various ventures have sucked well over $5 billion from government coffers.So do you want your tax dollars used to subsidize this guy? Or do you want the federal government to subsidize the purchase of an electric car by providing a $7500 rebate? Set aside the relative merits of electric cars, especially since a lot of electricity comes from fossil fuels, especially coal. Does it seem smart to subsidize the enterprises of one guy with that much money?
Tuesday, August 08, 2017
It's good to be Elon Musk: