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Wicked Blue

(7,885 posts)
Wed Feb 12, 2025, 08:42 PM Feb 12

Musk Claims To Know The Net Worths Of Federal Employees - But How? [View all]

Source: HuffPost

WASHINGTON – Elon Musk suggests he has obtained access to the personal financial records of federal employees, but the White House will not say how or why.

Musk, the world’s richest person and now a top aide to President Donald Trump, alluded to this data during an Oval Office appearance with Trump Tuesday evening as he took questions from reporters.

“We do find it sort of rather odd that, you know, there are quite a few people in the bureaucracy who have, ostensibly, a salary of a few hundred thousand dollars but somehow managed to accrue tens of millions of dollars in net worth,” he said.

In reality, only 3% of the 2.4 million federal employees make more than $200,000 a year, while half make between $50,000 and $110,000 a year, according to government figures. Further, workers who have made six figures for a number of years could easily be worth seven figures, particularly those in their 50s or 60s who have been saving for retirement for decades and have considerable equity in their homes.

Read more: https://www.huffpost.com/entry/musk-trump-employee-net-worths_n_67ad1a43e4b0239406deed9e?s7p=&utm_source=buzzfeed&utm_medium=iframely

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