WE’VE NEVER SEEN THE AMERICAN PLUTOCRACY OPerate quite like this. Elon Musk, the richest person in the world, spent the homestretch of the 2024 presidential campaign providing a degree of public and financial support to a candidate that’s all but unprecedented in the annals of pay-to-play American electioneering. Not since Howard Hughes secretly funneled cash to Hubert Humphrey, Robert F. Kennedy, and Richard Nixon in 1968 has an unstable, flamboyant billionaire industrialist exerted such influence on a presidential race.
According to the latest Federal Election Commission filings, in the last quarter, Musk gave $74,950,000 to America PAC, the pro-Trump organization he cofounded with like-minded tech billionaires. He also gave $289,100 to the National Republican Congressional Committee.
Other right-wing billionaires have contributed tens of millions of dollars to Donald Trump–supporting PACs.…