The Times’s examination also offers a window into how #Musk used private #companies to support #Trump during the 2024 #election. Tapping these companies to cover the expenses of a #superPAC is “highly unusual”, #CampaignFinance experts said, & ended up obscuring how #money was being spent because they are not subject to the disclosure requirements of super PACs.
The vehicle that #Musk frequently turned to is one that many of the ultrarich use: limited liability companies [ #LLC], which are designed to shield owners from #legal & #financial risks, as well as public scrutiny. Whatever Musk’s intent, the effect of using these companies has been to disguise how he is spending his #money.
The Times’s examination also offers a window into how #Musk used private #companies to support #Trump during the 2024 #election. Tapping these companies to cover the expenses of a #superPAC is “highly unusual”, #CampaignFinance experts said, & ended up obscuring how #money was being spent because they are not subject to the disclosure requirements of super PACs.
The vehicle that #Musk frequently turned to is one that many of the ultrarich use: limited liability companies [ #LLC], which are designed to shield owners from #legal & #financial risks, as well as public scrutiny. Whatever Musk’s intent, the effect of using these companies has been to disguise how he is spending his #money.
NYT identified at least 37 “companies” that appeared to be largely for Musk’s #personal use. Among them was one that owns 2 multimillion-dollar condos totaling >7k square feet in the Austin Proper Hotel, with sweeping views of downtown. Other companies managed planes that #Musk uses for #private travel & a portfolio of >1k acres of land, which when combined is bigger than Central Park in NY. The lines between Musk’s #business & personal interests are blurry, & some…likely served both purposes.
The Times’s examination also offers a window into how #Musk used private #companies to support #Trump during the 2024 #election. Tapping these companies to cover the expenses of a #superPAC is “highly unusual”, #CampaignFinance experts said, & ended up obscuring how #money was being spent because they are not subject to the disclosure requirements of super PACs.
#ElonMusk’s #Secret Web of Companies in Texas
The mega #billionaire is tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting #Trump’s re-election, according to a Times examination.
…[since 2020] #Musk, 54, has quietly built an empire of >90 companies & other legal entities in Texas, which have amassed a vast collection of assets, acc/to an examination by NYT.
#law #business #fraud #elite
https://www.nytimes.com/2026/02/27/technology/elon-musk-companies-texas.html?unlocked_article_code=1.PVA.xaqw.VR5SWnEyLfQ6&smid=nytcore-ios-share
The secretive network offers a glimpse into just how central one of the world’s richest men, who has a net worth of more than $650 billion, has made #Texas to his operations & ambitions. More than 50 of his at least 90 companies there are subsidiaries or other entities affiliated with his #business #empire, such as the rocket company #SpaceX & the electric vehicle maker #Tesla, as well as his nonprofit #Musk Foundation.
How America [The #US] Chose Not to Hold the Powerful to Account
Our national project of #elite #impunity
By Adam Serwer
Around the world, powerful men are facing consequences for their actions. Former Brazilian President Jair #Bolsonaro was convicted of trying to overthrow the government in a #Jan6 style #coup, as was his South Korean counterpart, #YoonSukYuol.
#law #accountability #power #plutocracy
https://www.theatlantic.com/ideas/2026/02/elite-accountability-powerful-impunity/686134/?gift=guxsrl_dAdXUP9zqbQPWxYP6ztvC2RKlz2tQfl1JB90
Unfortunately, many Americans who might have been outraged at this edifice of #impunity have instead directed their resentment toward the #poor & #weak, supporting a cruel & unforgiving system of #criminal “justice” that harshly punishes those at the bottom of the socioeconomic ladder while exempting many at the top from any #accountability at all.
The #MeToo & Black Lives Matter [ #BLM] movements can be seen as, at least partially, a brief rebellion against this culture of #elite #impunity. Left with few formal avenues for redress, large numbers of people demanded that the powerful—bosses & celebrities who had used their status to coerce others into sexual relationships, or police officers who had used their authority to kill without consequence—be made to pay a price for hurting others.
#MAGA also offered an implicit bargain∶ Not only can you be a #bigot toward whatever group makes you mad by existing, but everyone will have to love & respect you anyway. This was an impossible promise to keep—not even #Trump has managed to bully comedians mocking him into silence—but politicians make impossible promises all the time. Many Americans are simply content to live vicariously through Trump’s #impunity, even if they cannot share it.
…The answer to why powerful people in some other parts of the world face consequences, while in the #US they rarely do, is that #elite #impunity is now an American national project. We might need to reframe “American exceptionalism.” Instead of a New Deal, we have a Great Society for #WhiteCollar #crime, a New Frontier of executive lawbreaking, a No Rich Crook Left Behind. Most of us probably don’t even realize it.
“They voted for #impunity for themselves & #authoritarian #brutality directed at everyone they hated. Lesbian feminist bitches, dirty job-stealing immigrants, evil perverted trannies, on & on & on,” Katherine Alejandra Cross writes of Trump’s implicit bargain in *Liberal Currents*. “The brutality of #StateViolence was supposed to only ever be directed at their ideological foes. And in exchange, the #Trump voter would never again have to live with the mortifying ordeal of #responsibility.”
#MAGA also offered an implicit bargain∶ Not only can you be a #bigot toward whatever group makes you mad by existing, but everyone will have to love & respect you anyway. This was an impossible promise to keep—not even #Trump has managed to bully comedians mocking him into silence—but politicians make impossible promises all the time. Many Americans are simply content to live vicariously through Trump’s #impunity, even if they cannot share it.
#Trump himself can be seen as benefiting from a backlash against #accountability in the last place powerful people in America seem to face it∶ the court of public opinion. Trump, & other powerful figures, made the public an offer∶ Let us get away with what we want to do, & you will too.
“They voted for #impunity for themselves & #authoritarian #brutality directed at everyone they hated. Lesbian feminist bitches, dirty job-stealing immigrants, evil perverted trannies, on & on & on,” Katherine Alejandra Cross writes of Trump’s implicit bargain in *Liberal Currents*. “The brutality of #StateViolence was supposed to only ever be directed at their ideological foes. And in exchange, the #Trump voter would never again have to live with the mortifying ordeal of #responsibility.”
But #Epstein’s #crimes were taken seriously by authorities only after the #journalist #JulieBrown uncovered the extent of his crimes & the lenient response from law enforcement over decades.
Unfortunately, many Americans who might have been outraged at this edifice of #impunity have instead directed their resentment toward the #poor & #weak, supporting a cruel & unforgiving system of #criminal “justice” that harshly punishes those at the bottom of the socioeconomic ladder while exempting many at the top from any #accountability at all.
Which successfully shields #Trump & potentially future presidents from federal #criminal prosecution for any “official” actions while in office. This was comically framed by #SCOTUS’ right-wing justices as protecting #democracy, rather than undermining it.
Although some of these decisions were more defensible than others, together they suggest a pattern of #elite class solidarity: powerful people making sure that powerful people rarely face real consequences.
The #MeToo & Black Lives Matter [ #BLM] movements can be seen as, at least partially, a brief rebellion against this culture of #elite #impunity. Left with few formal avenues for redress, large numbers of people demanded that the powerful—bosses & celebrities who had used their status to coerce others into sexual relationships, or police officers who had used their authority to kill without consequence—be made to pay a price for hurting others.
#Trump has evaded punishment for #crimes both low (campaign-finance violations, for which he was #convicted, though he will serve no time thanks to his 2024 victory) & high (his attempted overthrow of the federal government in the aftermath of his #2020election loss, for which he was spared by #SCOTUS’ decision to grant him a kingly #immunity).
This is not just about #Trump; his #impunity is the product of a society that has worked hard to help the #rich & #powerful elude punishment for #criminal behavior.
Gerald #Ford pardoned his predecessor [ #Nixon] in the name of “healing,” but inadvertently set a precedent that executive lawbreaking was no #crime.
How America [The #US] Chose Not to Hold the Powerful to Account
Our national project of #elite #impunity
By Adam Serwer
Around the world, powerful men are facing consequences for their actions. Former Brazilian President Jair #Bolsonaro was convicted of trying to overthrow the government in a #Jan6 style #coup, as was his South Korean counterpart, #YoonSukYuol.
#law #accountability #power #plutocracy
https://www.theatlantic.com/ideas/2026/02/elite-accountability-powerful-impunity/686134/?gift=guxsrl_dAdXUP9zqbQPWxYP6ztvC2RKlz2tQfl1JB90