While people are intently following movements of the next stimulus package to aid the ailing economy of the United States, Tech Billionaire Elon Musk has argued that "another government stimulus package is not in the best interests of the people" claiming that it has 'special interests'. The criticisms by the SpaceX and Tesla CEO seemingly comes as the Senate plans to roll out its proposal for the next stimulus package. Instead, Elon Musk said he would like to see only direct payments included in a new relief bill.
Another government stimulus package is not in the best interests of the people imo— Elon Musk (@elonmusk) July 24, 2020
Although he criticised the stimulus package, saying that the package was more beneficial to a select few, he said he supported the concept of universal basic income adding that the goal of government should be to maximize the happiness of the people.
As a reminder, I’m in *favor* of universal basic income— Elon Musk 🌹 (@elonmusk) July 24, 2020
Goal of government should be to maximize the happiness of the people. Giving each person money allows them to decide what meets their needs, rather than the blunt tool of legislation, which creates self-serving special interests.— Elon Musk 🌹 (@elonmusk) July 24, 2020
He also slammed the government for the economic package and alleged that the packages come with vested interests.
These are jammed to gills with special interests earmarks. If we do a stimulus at all, it should just be direct payments to consumers.— Elon Musk 🌹 (@elonmusk) July 24, 2020
However, Senate Majority Leader Mitch McConnell ratified that the US Government is indeed planning to make direct transfers to the people. "Republicans want to send a second round of direct payments to American households," McConnell wrote in a press note on Thursday.
Named as CARES 2, the economic rescue package proposes $3 trillion worth of economic support for individuals and businesses struggling with the US recession fueled by a continued rise in the COVID-19 cases. The package aims at sending direct payments to people in August to mitigate their personal and financial needs.
Some of the Twitter users slammed the tech billionaire as his car manufacturing company Tesla Motors was a major beneficiary of government stimulus in the wake of the last global financial crisis. The company had received $465 million federal loans to design electric vehicles and manufacture them in California.
A user said, "Tesla literally just received a $15 million subsidy to build a new factory in Austin."
Imagine spending months negotiating an agreement to line your pockets with $15 million in taxpayer money… and then turning around and criticizing giving $600/week to people who are unemployed during a once-in-a-century pandemic.— Pé (@4everNeverTrump) July 24, 2020
Just shows how much of a deadbeat Musk is abandoning California & their workers who worked round the clock making him rich only to betray them by moving to Texas where Gov. Abbott & Trumpers welcome him in a State with one of the highest uninsured & unfriendly to workers.— François Americano (@FrancAmericano) July 25, 2020
While others in favour of Musk justified his statements by saying that the economic stimulus worked in the special interest of select few than people at large
I don't think that's what hes saying. He says he's in favor of UBI, but that the stimulus programs seem just to serve special interests, which, so far, is largely true.— Brian Acree (@brianacree) July 25, 2020