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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

#1804 Elon Musk, the First Trillionaire, and the Broken System That Made Him

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

News Commentary, Politics, News

4.53.4K Ratings

🗓️ 28 June 2026

⏱️ 229 minutes

🧾️ Download transcript

Summary

Air Date: 6/27/2026

Today we trace how one man went from receiving a $278 million government grant to becoming the world's first trillionaire who spent .025% of his wealth to get Trump elected, then used his position to slash programs that help people while stoking race riots overseas.

Full Show Notes

Transcript

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TOP TAKES

KP 1: 'Billionaire CRISIS': How the Country's Wealthiest Are 'bankrolling' U.S. Politics - MS NOW - Air Date 5-27-26

KP 2: We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You're Holding the Bag. - More Perfect Union - Air Date 5-27-26

KP 3: Trump DOGE Cuts Caused 600,000 Deaths This Year, Fmr. USAID Official Says - The Last Word with Lawrence O'Donnell - Air Date 11-24-25

KP 4: Everything Is Falling Apart and Americans Aren't Happy About It - Takes™ by Jamelle Bouie - Air Date 6-16-26

KP 5: Elon Musk Celebrates Trillionaire Status by Stoking Racist Terrorism in Belfast! - I Doubt It Podcast - Air Date 6-14-26

KP 6: Why The Economist Hates Wealth Taxes - Garys Economics - Air Date 6-14-26


(00:57:37) NOTE FROM THE EDITOR

The System That Made Musk a Trillionaire Is the Real Villain

My commentaries on YouTube - Share them!


DEEPER DIVES

(01:15:26) SECTION A: THE TRILLIONAIRE AND WHAT HE REVEALS

A1: 'Massive Loser': World Roasts First Trillionaire Elon Musk - The Rational National - Air Date 6-14-26

A2: A Trillion Dollars - Jonathan Pie - Air Date 6-14-26

A3: Trillionaire Welfare Queen - The John Fugelsang Podcast - Air Date 6-15-26

A4: "Land Grab": Trillionaire Elon Musk Sued in South Texas to Block SpaceX Takeover of Wildlife Refuge - Democracy Now! - Air Date 6-16-26


(01:49:20) SECTION B: THE HUMAN COST OF CONCENTRATED POWER

B1: 9.4M Lives at Risk: The Human Cost of Elon Musk's DOGE Cuts - Holy Post Media - Air Date 6-15-26

B2: Justin Wolfers on Musk, Inequality, and the Price of American Democracy - Platypus Economics with Justin Wolfers - Air Date 6-13-26

B3: 'If You Can Keep It': What The Wealth Gap Means For Democracy Part 1 - 1A - Air Date 4-27-26


(02:12:31) SECTION C: THE SPACEX IPO HEIST

C1: SpaceX IPO: What They're Not Telling Retail Investors - UNFTR Media - Air Date 6-9-26

C2: The First Trillionaire! - PissedMagistus - Air Date 6-14-26


(02:28:50) SECTION D: BELFAST HOW MUSK FUELS RACIAL VIOLENCE ABROAD

D1: Belfast Riots: Why UK Mobs See Racial Violence as 'national Defence' | Amina Shareef | MEE Opinion - Middle East Eye - Air Date 6-18-26

D2: The Truth About the Belfast Riots | Claire Hanna Interview - PoliticsJOE Podcast - Air Date 6-10-26

D3: Major Antiracist Rally Held in Belfast to Condemn Anti-Immigrant Riots - Democracy Now! - Air Date 6-15-26

D4: Elon Musk Moves Against German Broadcaster ZDF After Riot Report - DW News - Air Date 6-16-26


(03:00:30) SECTION E: THE RECKONING BILLIONAIRE RHETORIC AND THE CASE FOR TAXING WEALTH

E1: Why Jeff Bezos Wants to Cut Your Taxes - Garys Economics - Air Date 5-31-26

E2: Elon Musk & America's Tech Oligarchy - The Weekly Show with Jon Stewart - Air Date 6-10-26

E3: 'If You Can Keep It': What The Wealth Gap Means For Democracy Part 2 - 1A - Air Date 4-27-26

E4: We Need a Wealth Tax on Billionaires. Here's Why | Aaron Bastani Meets Gabriel Zucman - Novara Media - Air Date 5-24-26

E5: The Hidden Danger of America's Wealth Gap - Robert Reich and Inequality Media - Air Date 6-9-26


 

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to this episode of the award-winning Best of the Left podcast.

0:06.1

Today we trace how one man went from receiving a $278 million government grant

0:12.4

to becoming the world's first trillionaire who spent 0.025 of his wealth to get Trump elected,

0:19.5

then used his position to help slash programs

0:22.2

that help people while Stoking race riots overseas. For those looking for a quick overview,

0:27.2

the sources providing our top takes in about 55 minutes today include MS Now, More Perfect

0:32.6

Union, The Last Word, Takes by Jamel Bowie, I Doubt It, and Gary's Economics.

0:38.8

Then in the additional deeper dives half of the show, there will be more in five sections.

0:43.0

Section A, the Trillionaire and What He Reveals.

0:46.2

Section B, the Human Cost of Concentrated Power.

0:49.6

Section C, the SpaceX IPO Heist.

0:52.4

Section D, Belfast, How Musk Fuels Racial Violence Abroad, and Section

0:58.0

E, the Reckoning, billionaire rhetoric and the case for taxing wealth.

1:02.9

And now, on to the show.

1:10.5

The numbers, which I like to dwell on, are almost impossible to comprehend.

1:14.6

The top 1% of households in Teton County now earn 221 times more than everyone else who lives there.

1:21.6

Not twice as much, not 10 times as much, 221 times as much. The median home price, which means half of all homes

1:30.7

sell for more and half sell for less, has surpassed $3 million. What does that look like on the ground

1:37.0

in the actual lived human reality of that valley? It looks like this. The people who make that place

1:43.1

work, the dishwashers, the landscapers, the lift

1:45.5

operators, the hotel housekeepers, many of them cannot afford to live anywhere near the town

1:50.1

where they spend their days. Some of them are sleeping in their cars. In Jackson Home,

...

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