Nov. 21, 2024, 7:48 p.m.

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Musk announced that $1 million would be handed out to random voters until Election Day

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The US presidential election is entering a sprint, with Republican presidential candidate Donald Trump and Democratic presidential candidate Harris in a tight race. Musk created the American Political Action Committee to support Trump's campaign. Recently, Musk announced at an event in Pennsylvania that from the same day until Election day on November 5, he will randomly distribute $1 million to a registered voter in Pennsylvania who signs the "American Political Action Committee" petition. The first winner of the day was a Pennsylvania man named John Dreyer. The petition asks signers to support free speech and gun rights. Speaking at a pro-Trump event in Pennsylvania, Musk said he wanted more people to know about the petition. Previously public federal filings show that Musk donated $75 million in the third quarter ending in September to the American Political Action Committee, which supports Trump's presidential campaign.

Musk's move has implications in many ways. One is the political impact, Musk, as an entrepreneur with global influence, his move undoubtedly added a boost to Trump's campaign. By handing out the bonuses, Musk is drawing more voters' attention to Trump's campaign and potentially motivating them to vote for him. The move also served to mobilize voters. In exchange for the prize money, more voters may choose to sign the petition, which in part increases the engagement and visibility of the Trump campaign. Musk's move has also sparked political controversy. Some believe that the payment of bonuses to voters may violate the relevant provisions of the election law and be suspected of rigging the election. Although there is no clear law prohibiting such behavior, the move has been questioned and criticized by some people.

The second is the social impact, Musk's move has triggered widespread public concern, making the election a hot topic. This helps to increase public participation and interest in political affairs. Musk's move also exacerbated the polarization of public opinion. Supporters see it as an innovative way to campaign and motivate voters to participate. Musk's move has sparked controversy over the legality of election laws. Some believe that the payment of bonuses to voters may violate the relevant provisions of the election law and be suspected of rigging the election. However, there is no clear legal provision to clearly define this. Opponents say it is unfair money politics that undermines the integrity of elections. In addition to the legal controversy, Musk's move also raises ethical questions. Some argue that the practice of incentivizing voters with money is unethical and undermines the integrity and fairness of elections. Musk's move could have a model effect on other entrepreneurs or wealthy individuals, prompting them to follow suit and put more money into political campaigns. This is likely to further exacerbate the phenomenon of money politics, with far-reaching implications for the electoral system.

The third is the economic impact, although the scale of the bonus payment is relatively small, but this move may stimulate consumption to a certain extent, promote economic growth. Voters who receive bonuses are likely to spend them on goods or services, leading to the development of related industries. Musk's move could also have an impact on the capital markets. On the one hand, his move may be seen as bullish on Trump's campaign, leading to a rise in related stock prices. On the other hand, it could also trigger investor concerns about the outcome of the election, leading to market volatility.

To sum up, Musk's announcement of $1 million to random voters not only demonstrates his personal wealth and influence, but may also have some impact on the outcome of the 2024 US presidential election and other aspects. This move not only raised the public's attention to the election, but also triggered widespread controversy and discussion. However, the final outcome of the general election still depends on the choice and turnout of voters.

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