In a stunning declaration that has sent ripples across America’s political landscape, billionaire entrepreneur Elon Musk has announced the creation of a new political party: the America Party. Positioning himself as a disruptor of the entrenched two-party system, Musk accused the US political elite of driving the nation into financial ruin and vowed to return “freedom” to the American people.

The announcement, made via Musk’s own platform X (formerly Twitter) on July 6, came amid heated debate over a controversial multitrillion-dollar tax and spending bill championed by President Donald Trump. Musk’s initiative appears to be not just a protest against that legislation, but a broader condemnation of the US political status quo.

“When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,” Musk wrote. “Today, the America Party is formed to give you your freedom.”

While Musk had previously shown some alignment with conservative causes and expressed support for elements of Trump’s platform, their relationship has grown increasingly strained in recent months. The final break appears to have come with Trump’s signature of what he calls the “Big Beautiful Bill,” a sweeping economic package passed on July 4.

The legislation allocates hundreds of billions of dollars to Trump’s national security and border control priorities while slashing funding for programs like Medicaid, food assistance, and clean-energy subsidies – the latter of which have benefitted Musk’s own ventures, including Tesla.

Musk was........

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