First trillionaire minted as SpaceX IPO makes Musk history, while White House floats medical debt loans
By
Thom Hartmann
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
The article critiques the 45-year legacy of Reaganomics, marking the moment Elon Musk became the world's first trillionaire through SpaceX's IPO. It argues that decades of tax cuts for the wealthy, deregulation, and weakened antitrust enforcement have culminated in extreme wealth concentration while ordinary Americans struggle with healthcare costs, stagnant wages, and economic insecurity. The piece contrasts the celebration of a trillionaire with the irony that the White House is simultaneously exploring loans to help people afford hospital stays, highlighting the vast inequality gap.
Key quotes
· 3 pulledForty-five years of Reaganomics finally rolled off the assembly line this week with its crowning achievement: the world's first trillionaire.
Back in 1981, Reagan promised that if we just showered the wealthy with tax cuts and stopped enforcing antitrust laws, the blessings would trickle down onto the rest of us.
We minted our first trillionaire the same week the White House floated loaning you money to survive a hospital stay.
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