by In a huge and difficult move that would put the billionaire’s newly discovered influence on American politics to the test, Elon Musk, the richest person in the world and the largest political donor in the nation, announced on Saturday that he will start a new political party.
“We live in a one-party system, not a democracy, when it comes to bankrupting our country with waste & graft,” Mr. Musk said on his social media platform X on Saturday. The America Party was established today to restore your freedom.
Although he stated in a second post that the America Party would be active in elections next year, Mr. Musk, a former close ally of President Trump who has frequently quarreled with him in recent weeks, had not yet submitted paperwork for the new party as of Saturday evening. There were no early indications that Mr. Musk was attempting to swiftly form his party. The Federal Election Commission would have to be informed of any new company.
According to a person briefed on the discussions, Mr. Musk has discussed his political party concept and the necessary steps to implement it with friends in recent days. According to the individual, the conversations have been more theoretical than practical.
Mr. Musk has demonstrated that he is prepared to utilize his resources to make swift and significant changes, but he also has a lengthy history of breaking his word.
Mr. Musk had become enraged by the president’s comprehensive domestic policy plan. Prior to publicly squabbling with Mr. Trump, he led the Department of Government Efficiency, which helped cut government programs and funding. He referred to it as a repulsive abomination on social media last month, saying that Congress is driving America into bankruptcy and that it will significantly worsen the already enormous budget imbalance.
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