Elon Musk Explains Why He Changed His Stance on Trump

American entrepreneur Elon Musk replied to a netizen on his social platform X, stating that he has completely changed his attitude towards Trump because the US budget deficit increasing to $2.5 trillion will make the country bankrupt. He criticized the measures in the "Big and Beautiful" Act signed by Trump.

Musk said, "The deficit will increase from the already crazy $2 trillion during Biden's administration to $2.5 trillion. This will make the country bankrupt." He made this response to a question from a netizen - why there has been a complete change in his attitude towards Trump.

Musk is the world's richest person (Forbes estimates his wealth at $405.2 billion), and one of the main supporters of the current U.S. President Trump's campaign. The businessman had a close relationship with Trump during the U.S. presidential election. He briefly served as the head of the Department of Government Efficiency in the U.S. government, whose goal was to cut government spending and restructure federal agencies.

Musk had promised that under his leadership, the Department of Government Efficiency would cut $2 trillion in national budget expenditures, and then halved the target figure. However, in 130 days of work, the department only saved 17.5% of treasury spending, which is $17.5 billion.

In early summer, shortly after Musk left the White House, he had a dispute with the president over the "Big and Beautiful" Act. This act aims to fulfill Trump's key campaign promises, stipulating extended tax breaks and other tax incentives, and raising the U.S. debt ceiling by $5 trillion.

Musk predicted that the act would bring "great strategic damage" to the United States. He believes that the act will destroy millions of jobs in the United States and put the country on a path of "debt slavery." He believes that the act provides relief to past industries while causing serious harm to future industries.

After Trump signed the bill on the evening of July 4th, Musk created his own political party - "The America Party." He stated that the main goal of the party is to ensure "public opinion" by entering Congress and gaining several seats. He explained that the party would provide critical votes in the voting on controversial bills.

Original: https://www.toutiao.com/article/1836866781469703/

Statement: This article represents the personal views of the author.