The Truth About Elon Musk vs. Bernie Sanders
How to understand billionaires, social democracy, and the financial climate of today.
In November 2021, Senator Bernie Sanders tweeted, “We must demand that the extremely wealthy pay their fair share. Period.” Elon Musk had a few interesting responses for Sanders, including:
- “I keep forgetting that you’re still alive.”
- “Want me to sell more stock, Bernie? Just say the word.”
- “Bernie is a taker, not a maker.”
- “Ok, how much do you think is fair? Does 53% seem reasonable?”
The debate between Elon and Bernie is characteristic of the time period we live in. Massive amounts of money have become concentrated in the hands of a few techno-kings who can access more capital than ever before.
These ultra-rich include Jeff Bezos, Elon Musk, Mark Zuckerberg, the Google Guys, and new crypto wealthy like Changpeng Zao of Binance. Altogether, billionaires control more wealth than the bottom 4.6 billion people and the vast majority of online data. (Don’t click away now — this isn’t another billionaire hating article or a socialism article.)
Even 20 years ago shortly after the dotcom bust, wealth wasn’t this concentrated, right? Actually, that’s true…
