Elon Musk’s Scheme to (Sort Of) Buy Trump Votes

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 26 October 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: How do you buy an election? Throw a sweepstakes! Emily Peck, Elizabeth Spiers, and Rueters’ Anna Szymanski (filling in for Felix Salmon) discuss Elon Musk’s scheme to get potential Trump voters to the ballot box and the maneuverings of the campaign finance industrial complex. Next, they discuss a French gambler whose massive bet on the election may affect Trump’s real-world odds. Finally: Many Americans report living “paycheck to paycheck,” even though they have savings and splurge on luxuries. In the Plus bonus mini-episode: Keurig Dr. Pepper plans to spend more than a billion dollars on the Ghost energy drink company. The hosts discuss what’s powering the energy drink renaissance and how some hyper-caffeinated, sugary beverages are managing to brand themselves as health and fitness drinks — and what it’s doing to the Gen Zs swallowing the bait. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and Times and Slate Siamansky of Reuters is here while Felix is off gallivanting around Japan.
0:27.0	Hello hello hello.
0:28.0	And we've got a banger for you today.
0:30.0	We're talking about the rising influence of billionaires in politics.
0:33.6	Of course, we'll talk about some guy who rhymes with Philant Tusk, probably.
0:39.6	We're talking about the power of prediction markets like Polymarket and Kalshi in calling elections and in our final segment we're going to get philosophical.
0:48.6	What does it mean really to live paycheck to paycheck.
0:53.0	And that's all coming up on slate money. This podcast is brought to you by Progressive Insurance.
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1:54.8	So we will start with the billionaires.
1:58.1	I wanted to talk about this because there's this great piece in the New Yorker this week
	...

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