Elon Musk warns America will ‘1,000%’ go bankrupt. Now he’s the world’s 1st trillionaire
View original at finance.yahoo.comElon Musk warns America will ‘1,000%’ go bankrupt. Now he’s the world’s 1st trillionaire Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
At his peak, John D. Rockefeller's net worth was equal to approximately 1.5% of U.S. GDP; Musk's net worth is now equivalent to more than 3% of U.S. GDP
60% confidenceElon Musk's net worth now stands at $1.2 trillion, driven largely by his 38% ownership in SpaceX (including options) and 10% stake in Tesla
60% confidenceU.S. national debt stands at $39.22 trillion and continues to grow as federal spending outpaces revenue
60% confidenceAmerica will go bankrupt without AI and robots; nothing else will solve the national debt
60% confidenceThe United States is 'actually totally screwed' because the national debt is growing rapidly
60% confidenceThe U.S. is heading toward a 'debt death spiral' where the government must borrow simply to pay interest on existing debt
60% confidence
