Elon Musk’s Race to Become the World’s First Trillionaire Runs Through Your Social Security and Medicare – Jeffrey Sommers
This article was originally published on February 24, 2025, on CounterPunch. Jeffrey Sommers explores how Elon Musk could become the world’s first trillionaire through the “Mother of All Privatizations” (MOAP). He traces Musk’s rise from under $1 billion in 2011 to over half a trillion during Trump’s presidency, fueled by post-2008 policies and COVID-19 stimulus. Reaching a trillion would require massive public-to-private wealth transfers—privatizing Social Security and Medicare, tax cuts for the rich, increased government funding for Musk’s firms, and public sector cuts. Sommers sees this as the final dismantling of the New Deal.
