Elon Musk took points to the US government is lavish federal budget and President Biden’s infrastructure bill in in particularly, arguing that spending has reached a “crazy” level well beyond what the country is in able to sustain.
Speaking from Tesla new ‘Gigafabbrica’ in Austin, Texas for the Wall Street Journal CEO Board Summit on On Monday, Musk criticized a huge infrastructure bill signed by President Joe Biden last month, i.e. its trillions dollar price tags, ranking among the most expensive pieces of legislation approved in we history.
“You can not just spend $ 3 trillion more of you earn every year. If you don’t cut government spend, something really bad will happen. This is crazy, “ He said.
Our spending is so far in excess of income. It’s crazy. You could zero out all billionaires in the country … you still wouldn’t solve the deficit.
Tesla founder also slammed provisions of the bill they offer to subsidize an electric vehicle in load network, comparing the measure with a program prop up service stations with tax dollars. “There is not need for this, for supporting a refill network. Delete it. Delete. I’m literally saying get rid of of all subsidies “ Musk continued, adding “In general, I think government should try to get out of the way and do not hinder progress. “
Commenting on what would he do? like to see in terms of improved infrastructure, Musk said investments in airports, double- bridging highways and a tunnel system for And-vehicles it would be desirable, though added “I don’t see a big effort in this direction. “
The much discussed $ 1.2 trillion infrastructure package it was enacted by Biden on November 15, after months of to argue over its content. While a large number of republicans in the House continued to oppose the plan and only 13 voted for his passage, the Senate was more divided on the question, seeing 19 GOP lawmakers join opponents across the corridor. In addition to investments in And-car infrastructure, the bill also aims to fix up roads and bridges in the country, improve the internet speed And access And update the power grill, among other things.
Read More: World News
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