The Epoch Times By
Billionaire Elon Musk wrote on Twitter that a recession would be “a good thing,” adding that “some bankruptcies need to happen.”
The Tesla Motors and SpaceX CEO published a poll on his Twitter account, asking, “Who do you trust less? Real question.” He offered two answers: politicians and billionaires. More than 75 percent chose politicians.
In the thread, Musk engaged with other users on politics and tax policy. He rejected the unrealized capital gains tax proposal, while favoring the elimination of estate tax loopholes “since probability of kids being effective stewards of capital is lower.”
One individual asked Musk if he thinks the United States is heading toward a recession.
