London Daily

Focus on the big picture.
Sunday, Mar 22, 2026

0:00
0:00

Elon Musk says it's 'dumb' to call billionaires the bad guys

Elon Musk, the world's richest man, said on Twitter Thursday that billionaires aren't the bad guys.
Musk tweeted that it is "morally wrong & dumb" to use the word billionaire as a pejorative if that person is using their wealth to create products that make "millions of people happy."

He added that if he could, he also would get rid of charitable deductions and class-action lawsuits.

Musk was replying to a tweet that said, "I feel like billionaires are most benign when trying to make money, and most nefarious when spending it trying to "do good."

Musk ran a Twitter poll, asking his 95 million followers who they trust less: politicians or billionaires. As of midday Friday, three-quarters of the 2.8 million respondents said they had less trust for politicians.

He then tagged Rep. Alexandria Ocasio-Cortez, who recently told Bloomberg she wanted to replace her Tesla with an EV made by a company that supports unionization. Musk dared the Democratic congresswoman to run the same poll with her own followers. Musk has largely opposed unionization for Tesla in the past.

"A union is just another corporation," Musk said in another Tweet Thursday, which had gained 4,000 likes by midday Friday. "Far better for companies to compete for your skills, so that you have maximum optionality."

Musk's pro-billionaire tweets arrived as the World Economic Forum in Davos comes to a close. The annual gathering of millionaires and billionaires has routinely been met with criticism about the failure of the world's wealthiest people to give significant sums to solve the world's biggest problems -- as vulnerable populations across the world are expected to face surging energy prices, extreme weather and soaring food prices this year.

Gabriela Bucher, the executive director of Oxfam International, told CNN at Davos this week that governments should tax wealth on the world's wealthiest people.

This is hardly the first time Musk has opined on how billionaires should be spending their money. On Monday, David Beasley, the head of the U.N.'s World Food Program, gave the Associated Press an update on his spat with the billionaire, which was sparked when he said in a 2021 CNN interview that billionaires must step up to combat world hunger.

Beasley suggested that $6 billion, or 2% of Musk's net worth at the time, could help solve the crisis.

"Musk put $6 billion into a foundation. But everybody thought it came to us, but we ain't gotten any of it yet. So I'm hopeful," Beasley told the Associated Press at Davos.

Musk then replied to Beasley, tweeting that he would sell Tesla stock "right now" if the food program could detail how $6 billion would solve world hunger. Beasley then replied with a 1,000 word "executive summary" that mapped out how the UN could utilize the money to feed more than 40 million people across 43 countries.

The WFP has received no funding from Musk. Although Beasley directly asked Musk for help when speaking to the Associated Press, he said he remains hopeful.

"I don't know what it's going to take," Beasley said. "We're trying every angle, you know: Elon, we need your help, brother."

Last November, Musk donated roughly $5.7 billion worth of Tesla shares to an undisclosed charity, a donation that made him the second largest US donor in 2021, behind Bill Gates and Melinda French Gates.
Newsletter

Related Articles

0:00
0:00
Close
Meghan Markle’s Possible UK Return Sparks Renewed Attention on Sussex Role
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
Northern Lights Expected Over UK Skies Tonight Amid Strong Solar Activity
UK Condemns Iran Missile Strike and Warns Against Threats to British Personnel
UK Warns of Global Flight Disruptions as Iran Conflict Escalates Under Trump’s Leadership
UK Condemns Iran After Missile Strike Targets Strategic Diego Garcia Base
Deadly Meningitis Outbreak in UK Reinforces Urgency of Vaccination Campaigns
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
UK Rules Out Cyprus Base Role in Joint US Self-Defence Framework
UK Ends Hereditary Peerage Rights in Parliament in Historic Constitutional Reform
Lord Walney Warns of Expanding Iranian Influence Networks Within the United Kingdom
Iranian National Among Two Arrested After Attempt to Access UK Nuclear Submarine Base
Deregulation, Artificial Intelligence, and Fraud Laws Reshape UK Financial Services Landscape
UK Considers Lower Speed Limits to Reduce Fuel Use Amid Escalating Energy Crisis
UK Borrowing Costs Surge to Post-Crisis High as Markets React to Inflation and War Risks
UK Government Prepares Emergency Economic Measures as Iran Conflict Fuels Financial Risks
Meningitis B Outbreak in the UK Raises Urgent Health Warnings as Cases Surge
Iran Issues Stark Warning to Britain Over US Base Access Amid Expanding Conflict
United Kingdom Authorizes US Strikes from British Bases as Iran Threatens Key Shipping Routes
Reform UK Suspends Scottish Candidate Following Financial Misconduct Allegations
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
UK VAT Decision Opens Path for Potential Refunds to U.S. Biopharma Firms
UK and Canada Advance ‘Middle Power’ Strategy to Shape Global Influence Beyond Superpowers
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Holds Back on Hormuz Escort Mission While Continuing Talks with Allies
TrumpRx Pricing Platform Faces Scrutiny as Some Medicines Remain Costlier Than in the UK
UK, Netherlands and Finland Explore Joint Defence Investment Bank to Boost Military Capability
Deadly Meningitis Outbreak in Kent Raises Alarm as Cases Surge and Emergency Response Expands
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
×