Elon Musk and Donald Trump have been at odds over the Republican tax bill this week, with Musk criticizing the former president for supporting a plan that would raise taxes on some Americans. This feud has attracted attention from online bettors, who are now placing wagers on possible outcomes.
Betting Trends
One popular bet is whether Musk will unfollow Trump on social media or suspend his X account. This is not unusual for Musk, who has previously used his platform to express frustration with politicians and other public figures. Bettors are utilizing platforms like Polymarket to place their wagers, speculating on various outcomes, including the likelihood of a resolution to the feud.
Background
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Musk’s Twitter Account Suspension: Musk’s Twitter account was suspended in 2022 after he tweeted about a conspiracy theory surrounding COVID-19 vaccines. He later reinstated it after paying $8 million in fines and agreeing not to post any further misinformation about elections or COVID-19 vaccines.
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Trump’s Social Media Ban: Trump’s social media accounts were banned by major platforms following the January 6th insurrection at Capitol Hill in 2021. He has since launched his own platform called Truth Social.
Diverging Views on Taxation
The two men have been trading barbs online this week over their differing views on taxation policy:
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Trump’s Position: Trump has expressed support for raising taxes on some Americans as part of a broader effort to reduce income inequality.
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Musk’s Argument: Musk argues that such measures would harm economic growth and innovation.
As the situation continues to unfold, it remains unclear how this public spat will play out. Will Musk unfollow Trump or suspend his X account? Only time will tell.
Timeline
- January 6, 2021: Insurrection at Capitol Hill; Trump’s social media accounts were banned by major platforms.
- February 2022: Elon Musk tweets about a conspiracy theory surrounding COVID-19 vaccines.
- March 2022: Elon Musk pays $8 million in fines and agrees not to post any further misinformation about elections or COVID-19 vaccines.
- Present Day: Elon Musk calls out Donald Trump for supporting the Republican tax bill.
Key Players
- Elon Musk: CEO of Tesla and SpaceX; owner of X (formerly Twitter).
- Donald Trump: Former President of the United States; owner of Truth Social.
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