Elon Musk: charitable con artist [View all]

[misanthrope]

https://www.alancantorconsulting.com/2024/03/the-charity-of-elon-musk/

According to [NYTimes reporters David] Fahrenthold and [Ryan] Mac, since 2020, Musk has donated around $7 billion of stock to the Musk Foundation, in the process saving himself some $2 billion in tax payments. Two billion dollars is a lot of money not going to the common good through taxation.

Musk’s “philanthropy” in large part has gone to enterprises that technically qualify as charitable, but that also support his own business interests and even his family’s welfare. For example, a major recipient of grants from the Musk Foundation has been Ad Astra, a nonprofit school founded by, yes, Elon Musk. In fact, it is a school his own children attend – along with the children of his top executives at SpaceX. As the Times story explains, “In its first year of operation out of [Musk’s] home in the Bel-Air neighborhood of Los Angeles, five of Ad Astra’s 14 students were his own children.”