Elon Musk, the richest person in the world, actually seems to be pro-recession and the resulting recession.
A 50-year-old billionaire believes the current financial downturn will hurt “stupid” business owners who deserve bankruptcy.
And he’s clearly not a fan of the post-pandemic remote work revolution.
‘[Recession] “It’s really good,” he wrote on Twitter last week.
“Money has been raining down on fools for a long time. Some bankruptcies need to happen.
“Also, all the Covid issues at home have made people think you don’t really need to work. A rude awakening is coming!”
Mask’s desire to end the rain of money is interesting given his two big companies, SpaceX and Tesla, which have recently benefited from distribution.
The former wins billions of dollars in contracts with NASA, and the latter is willing to sell some $6 billion in government-issued carbon credits to other automakers.
Nonetheless, the skin, which currently stands at around $218 billion, is known for its work ethic and blockchain pandemics.
The head of SpaceX responded to the question on Twitter, saying he thinks the recession will last “about 12 to 18 months” based on past recession history.
And this leads to the death of a company that does not add value to us.
“Companies with negative cash flow (or loss of value) need to die to stop consuming resources,” he wrote on Twitter.
Musk’s reaction came after asset manager BlackRock warned that the US IRS could raise interest rates to offset inflation, which could lead to a recession.
Source: Metro
I have worked in the news industry for over 10 years. I have a vast amount of experience in covering health news. I am also an author at News Bulletin 247. I am highly experienced and knowledgeable in this field. I am a hard worker and always deliver quality work. I am a reliable source of information and always provide accurate information.
