{"id":158409,"date":"2022-05-27T19:23:14","date_gmt":"2022-05-27T19:23:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158409"},"modified":"2022-05-27T19:23:14","modified_gmt":"2022-05-27T19:23:14","slug":"heres-what-elon-musk-may-be-aiming-for-as-he-puts-twitter-deal-on-hold","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/heres-what-elon-musk-may-be-aiming-for-as-he-puts-twitter-deal-on-hold\/","title":{"rendered":"Here&#39;s what Elon Musk may be aiming for as he puts Twitter deal on hold"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Elon Musk, the world&#8217;s richest man, said on Twitter Thursday that billionaires aren&#8217;t the bad guys.<\/p>\n<p>Musk tweeted that it is &#8220;morally wrong &amp; dumb&#8221; to use the word billionaire as a pejorative if that person is using their wealth to create products that make &#8220;millions of people happy.&#8221;<br \/>\n<img decoding=\"async\" alt=\"Taxing the rich could help fix the food crisis. Davos didn&amp;#39;t want to know\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220527112539-davos-taxes-file-large-169.jpg\"><\/p>\n<p>He added that if he could, he also would get rid of charitable deductions and class-action lawsuits.<\/p>\n<ul><\/ul>\n<p>Musk was replying to a tweet that said, &#8220;I feel like billionaires are most benign when trying to make money, and most nefarious when spending it trying to &#8220;do good.&#8221;<\/p>\n<ul><\/ul>\n<p>Musk ran a Twitter poll, asking his 95 million followers who they trust less: politicians or billionaires. As of midday Friday, three-quarters of the 2.8 million respondents said they had less trust for politicians. <\/p>\n<p>He then tagged Rep. Alexandria Ocasio-Cortez, who recently told Bloomberg she wanted to replace her Tesla with an EV made by a company that supports unionization. Musk dared the Democratic congresswoman to run the same poll with her own followers. Musk has largely opposed unionization for Tesla in the past.<br \/>\n&#8220;A union is just another corporation,&#8221; Musk said in another Tweet Thursday, which had gained 4,000 likes by midday Friday. &#8220;Far better for companies to compete for your skills, so that you have maximum optionality.&#8221; <\/p>\n<ul><\/ul>\n<p>Musk&#8217;s pro-billionaire tweets arrived as the World Economic Forum in Davos comes to a close. The annual gathering of millionaires and billionaires has routinely been met with criticism about the failure of the world&#8217;s wealthiest people to give significant sums to solve the world&#8217;s biggest problems &#8212; as vulnerable populations across the world are expected to face surging energy prices, extreme weather and soaring food prices this year.<br \/>\nGabriela Bucher, the executive director of Oxfam International, told CNN Business at Davos this week that governments should tax wealth on the world&#8217;s wealthiest people.<br \/>\n<img decoding=\"async\" alt=\"UN to Elon Musk: Here&amp;#39;s that $6 billion plan to fight world hunger\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/211117170153-david-beasley-world-food-program-1102-large-169.jpg\"><\/p>\n<p>This is hardly the first time Musk has opined on how billionaires should be spending their money. On Monday, David Beasley, the head of the U.N.&#8217;s World Food Program, gave the Associated Press an update on his spat with the billionaire, which was sparked when he said in a 2021 CNN interview that billionaires must step up to combat world hunger.<br \/>\nBeasley suggested that $6 billion, or 2% of Musk&#8217;s net worth at the time, could help solve the crisis.<br \/>\n&#8220;Musk put $6 billion into a foundation. But everybody thought it came to us, but we ain&#8217;t gotten any of it yet. So I&#8217;m hopeful,&#8221; Beasley told the Associated Press at Davos.<br \/>\nMusk then replied to Beasley, tweeting that he would sell Tesla stock &#8220;right now&#8221; if the food program could detail how $6 billion would solve world hunger. Beasley then replied with a 1,000 word &#8220;executive summary&#8221; that mapped out how the UN could utilize the money to feed more than 40 million people across 43 countries.<br \/>\nThe WFP has received no funding<strong> <\/strong>from Musk. Although Beasley directly asked Musk for help when speaking to the Associated Press, he said he remains hopeful.<br \/>\n&#8220;I don&#8217;t know what it&#8217;s going to take,&#8221; Beasley said. &#8220;We&#8217;re trying every angle, you know: Elon, we need your help, brother.&#8221;<\/p>\n<ul><\/ul>\n<p>Last November, Musk donated roughly $5.7 billion worth of Tesla shares to an undisclosed charity, a donation that made him the second largest US donor in 2021, behind Bill Gates and Melinda French Gates.<br \/>\n<em>&#8212; CNN Business&#8217; Julia Horowitz and Jackie Wattles contributed to this report. <\/em><br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/05\/27\/business\/elon-musk-billionaires-tweet\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Elon Musk, the world&#8217;s<\/p>\n","protected":false},"author":3,"featured_media":158408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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