After faltering in his plan to found a new ‘America Party’, the world’s richest person is returning to the GOP fold
In the aftermath of his spectacular falling out with Donald Trump last year, Elon Musk blasted the Republican Party as a corrupt force that was “bankrupting” the United States of America.
But now, after months in the political wilderness, the volatile tech baron has indicated that he will once again devote his enormous fortune to electing GOP politicians, this time ahead of the midterm elections in 2026.
“America is toast if the radical left wins,” declared Musk on X Thursday. “They will open the floodgates to illegal immigration and fraud. Won’t be America anymore.”
I don’t think he specifically means that. Plenty of other people who use the same term do. But he actually likes immigration because it brings salaries down and his businesses depend on a lot of workers.
I’m fairly sure what he means is people who want to raise the minimum wage and oppose abolishing workers protections of different sorts.
Economists don’t all agree that immigration brings wages down. Unemployment is actually up right now and a lack of immigrants is to blame, because they propped the whole system up. Less immigrants = weaker economy.
What brings wages down is the employer concentration, lack of collective bargaining power, and trickle-down economics. Our policies are designed to keep earnings down for the lower classes, so the wealthy ruling class can hoard ever more.
H1B workers, the kind Musk loves, are pretty much stuck with their jobs and get paid less than their more permanently residing counterparts even though they technically shouldn’t. It’s still a huuuuge increase over what they’d get paid back home, of course.
If you let your immigrants freely pick their jobs, they’ll have bargaining power too and thus don’t have to ruin the job market for others by accepting low wages.