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@carebear@lemmy.ca to memes@lemmy.worldEnglish • 3 months ago

who got rich with gov’t money??

lemmy.ca

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who got rich with gov’t money??

lemmy.ca

@carebear@lemmy.ca to memes@lemmy.worldEnglish • 3 months ago
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  • haui
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    23•3 months ago

    Nice try.

    https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

    Musk is insane and lies when he opens his mouth. The whole operation runs on government dollars and tax breaks.

    • @Not_a_gov_agent@eviltoast.org
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      3 months ago

      @IncogCyberspaceUser@lemmy.world

      The article linked in the post I’m replying to, while from 2015, details $5.9 billion of subsidies that no-one I know approved in forms including tax breaks, century long $1 leasing deal in New York, rebates, and gifted sellable carbon credits.

      This is separate to the $5.5 billion in SpaceTwitter contracts.

      Both numbers, have, I’m sure I don’t need to check any data sets to see have gone up in the 10 years since.

    • @JohnDClay@sh.itjust.works
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      0•3 months ago

      Looks like state subsidies, not federal?

      On a smaller scale, SpaceX, Musk’s rocket company, cut a deal for about $20 million in economic development subsidies from Texas to construct a launch facility there.

      Included in the local subsidies is a 15-year property tax break from the local school district worth $3.1 million to SpaceX. O

      • haui
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        0•3 months ago

        Nice try, stan

    • @Professorozone@lemmy.world
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      8•3 months ago

      I was wondering the same thing. I wasn’t aware he got subsidies. The article only pinpoints $4.9B, but it’s an old article. Thanks for sharing.

      • @parrhesia@sh.itjust.works
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        1•3 months ago

        Here’s me googling “Elon musk 18 billion government”:

        https://abcnews.go.com/US/musk-works-slash-federal-spending-firms-received-billions/story?id=118589121

        • @dubyakay@lemmy.ca
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          4•3 months ago

          Yes, it talks about spacex winning $17B in federal contracts from the US government. That’s not subsidies. The US government is a customer.

          If we assume the 1B is the rest for Tesla, that’s in EV subsidies. It isn’t just Tesla that benefits from those. Any manufacturer that sells EVs does.

          • @parrhesia@sh.itjust.works
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            -2•3 months ago

            Yeah I just gave you a potential source for the meme but I guess if you really want to ride on his dick, he’sonly had 5 billion dollars in subsidies. And if you really want to be technical, that was as of 2015 before inflation. My apologies for stepping on your toes.

            https://fortune.com/2025/02/13/elon-musk-rich-taxpayer-expense/

            • @dubyakay@lemmy.ca
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              4•3 months ago

              No need to be so combative. A shitty meme presenting falsehood does not help furthering the cause to tax the wealthy.

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