Member-only story
HUMOR
Elon Musk Is Right About The Economy, But Nobody Wants To Admit It
Never let a good crisis go to waste…
I’m normally critical of billionaires.
Because of huge flaws in our capitalist society, they often flaunt extraordinary wealth, pay little taxes, and constantly exploit the working class. It’s a shame.
But in my opinion, Elon Musk is different. In fact, I’d go as far to say he’s a genius when it comes to running a successful business and making tough financial decisions.
Let me explain why.
Elon Is Implementing Unconventional Strategies To Improve Profit Margins
Everyone knows the economy is slowing down. A recession is highly likely. And since inflation is at a multi-decade high, businesses need to cut expenses to maintain healthy profit margins.
Payroll is frequently one of the biggest business expenses, according to NetSuite. So, to reduce costs, Elon has begun firing employees who disagree with his decisions. “SpaceX has fired at least five employees who were involved with circulating a letter around the company that was critical of CEO Elon Musk,” per CNBC.
