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  The Strategic Project for economic recovery and transformation (Perte) plans announcement on Monday April 4th by Spanish Prime Minister Pedro Sánchez, received an unusual intervention as multi-billionaire Elon Musk weighs in with his views. The man behind Tesla and Space-X Elon Musk, shared his views about what the country should invest in. Musk reacted to the announcement of the flagship project Slashdot, which will see the country invest 11 billion euros into a microchip plant, saying that he believed Spain should be investing in solar energy that could be supplied to all of Europe. Replying to a tweet by Slashdot confirming the government’s investment he said: “Spain should build a massive solar array. It could feed the whole of Europe.” The tweet attracted many comments and amongst those the former Minister, Pedro Duque , who wasn’t going to miss the opportunity to tempt Musk into investing in Spain. He tweeted: “We welcome investments in Spain to boost our already large pro...

Musk’s blathering illustrates how the people at the top of U.S. society just repeat what are essentially billionaire urban legends. ON THURSDAY, Elon Musk, the CEO  of Tesla and SpaceX and — at current stock prices — the richest person in history, made the below pronouncement on Twitter. To most people it probably sounded alarming; however, the reality behind Musk’s words is not alarming at all. And the fact that Musk does not understand this makes it clear that he’s stupendously ignorant about the U.S. economy and entitlement programs: Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas Where did Musk get this $60 trillion number? What does it mean? The first question can’t be answered definitively, since Musk didn’t say and didn’t respond when asked on Twitter. But you can be pretty sure that it originated from the government’s 2021 report on the status of Social Security, which stated that the program’s “unfunded obliga...