#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
4.5 • 3.4K 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.
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TOP TAKES
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
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DEEPER DIVES
(01:15:26) SECTION A: THE TRILLIONAIRE AND WHAT HE REVEALS
A2: A Trillion Dollars - Jonathan Pie - Air Date 6-14-26
A3: Trillionaire Welfare Queen - The John Fugelsang Podcast - Air Date 6-15-26
(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
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
D2: The Truth About the Belfast Riots | Claire Hanna Interview - PoliticsJOE Podcast - Air Date 6-10-26
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
E5: The Hidden Danger of America's Wealth Gap - Robert Reich and Inequality Media - Air Date 6-9-26
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Transcript
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| 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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