A week before Halloween, during a virtual town hall event, Elon Musk told the audience “we have to reduce spending to live within our means.” He said this would involve “some temporary hardship, but it will ensure long-term prosperity.” Less than two weeks later, the world’s 10 richest people got $64 billion richer, with Musk collecting more than 40 percent of that.
I’m not hating on the player, just pointing out the game.
Musk and Vivek Ramaswamy, whose net worth is estimated to be near $1 billion, will lead Donald Trump’s efforts to cut trillions from federal spending. I’m all for getting our spending under control, and I’m also for tax cuts. I just wonder if the top 0.01 percent have any idea what “temporary hardship” translates to for the 78 percent of Americans already living paycheck-to-paycheck.
Take, for instance, the picture of Musk joining members of Trump’s inner circle for some McDonald’s. For most of them, fast food is a change of pace. But for a lot of poor people, it’s what they can afford. From the perspective of a business owner, if many Americans can’t afford a healthy meal, that’s a “you problem.” However, in government, there are no “you problems” — only “our.” And we’ve got a lot of them.
There are an estimated 82 million Americans with preexisting conditions who have employer-based health insurance. You might think of cancer survivors or people living with a chronic disease such as diabetes or HIV. What if I told you obesity is a protected preexisting condition under the Affordable Care Act? What if I told you that by 2050 as many as 260 million Americans are projected to be overweight or obese? What if I told you that before that 2010 law, insurance companies could charge more to obese people? Or deny coverage altogether?