- Elon Musk, 50, said it would be a ‘good thing’ for a recession to happy as it has been ‘raining money on fools for too long’
- He also said it would harm work-from-homers and ‘foolish’ businesses owners he said deserved to go bankrupt
- ‘All the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!’ he tweeted
- An asset management company predicted earlier this week that the IRS will raise interest rates to help offset inflation, which could cause a recession
- Musk said he thought a recession would last 12 to 18 months, based on the past
Elon Musk said a recession would be ‘good’ for the economy because it’ll hurt work-from-home fans and ‘foolish’ business owners he believes deserve to go bankrupt.
The Tesla billionaire, 50 – who is worth $218billion – has never been shy about sharing his opinions on Twitter and said he thought a recession would be a ‘good thing’ when asked on Thursday.
‘[Recession] actually a good thing,’ he tweeted. ‘It has been raining money on fools for too long. Some bankruptcies need to happen.
