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A Letter To Elon Musk - by Francis Fukuyama - Persuasion

This is not the case: there are basically the same number of full-time federal employees today as there were back in 1969, about 2.3 million. This is despite the fact that the government now disburses more than five times as many dollars as it did back then. In fact, you can argue that the government is understaffed, due to relentless pressure over the decades to keep headcounts down. The Center for Medicare and Medicaid Services, for example, oversees the spending of $1.4 trillion, or one fifth of the entire federal budget, with a staff of only 6,400 full-time employees. These workers have to check for Medicare fraud, evaluate and certify tens of thousands of health providers, and make sure that payments to tens of millions of Americans are made in a timely manner. If you cut this staff, the amount of fraud and waste in the Medicare system is likely to go up, not down. The Office of Refugee Resettlement, which looks after the millions of refugees entering the country, has a staff of 150. By increasing the staff at the Internal Revenue Service, the government is expected to take in an additional $561 billion over the next decade.

#trump #government #2024 #musk - persuasion.community

Read Musk's 2:30 a.m. Email to Twitter Staff About End of Remote Work

Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate. Moreover, 70% of our advertising is brand, rather than specific performance, which makes us doubly vulnerable!

#advertising #musk - businessinsider.com

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