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  • The Week’s Saturday Wrap
    Elon Musk’s colossal fortune, Hunter Biden’s populist politics, and the SAT centenary

     
    controversy of the week

    Musk: Does he deserve a trillion dollars?

    Think Elon Musk “the billionaire was bad?” asked Arwa Mahdawi in The Guardian. “Brace yourself.” After SpaceX made the biggest-ever initial public offering last week, the 54-year-old tycoon saw his wealth rocket to $1.1 trillion, more than the GDP of all but 21 nations. How much is a trillion dollars? Enough to spend $1 million a day for 2,700 years without going broke. “You don’t have to be a socialist or even a liberal” to find it “obscene” that the U.S. minted the world’s first trillionaire when so many Americans are struggling to afford gas, food, and housing. But the worse news is who we minted. In 2024, when he was welcoming Nazis to X and returning an autocrat to the White House, I likened Musk to a “Bond movie villain,” said Will Bunch in The Philadelphia Inquirer. That was “far too generous.” Since then, this chainsaw-wielding sociopath has shredded the U.S. Agency for International Development—causing 600,000 preventable deaths, most of them children, in a single year—and is now busy on X, rallying Britain’s white population to “firebomb and assault their Black and brown neighbors.” That this racist “monster” is the first trillionaire is a perfect symbol of “our modern empire’s decline and fall.” 

    “I am not a huge fan of Musk as a political activist,” said Jonah Goldberg in the Los Angeles Times. But the South African–born tech savant’s colossal fortune is “testament to human ingenuity, immigrant success, and American greatness.” Just look at everything he’s built, said The Wall Street Journal in an editorial. With Tesla, he launched the electric vehicle revolution. His Starlink satellite network “helped Ukraine resist Russia’s invasion.” His Neuralink brain-chip startup may let the paralyzed walk again. And SpaceX could help humanity populate other planets. Musk is our first trillionaire because “American capitalism,” by its nature, most lavishly rewards the visionaries who “make all Americans better off.”

    How quaint, said Robert Reich in The Guardian. Until recently, yes, the value of American firms, like the price of their products, was set by “supply and demand” in a relatively free marketplace. But Musk and his ilk have dismantled the “old rules of capitalism.” In our “second Gilded Age,” the value of companies like SpaceX is built through hype, government connections that provide lucrative contracts and favorable regulations, “and total, arbitrary control” of pricesetting forces. Musk’s companies do have real value. But he’s a trillionaire because the system now effectively lets founders decree what their shares will be worth, then forces average Americans— through rigged markets and index-fund-driven retirement accounts “automatically” tied to SpaceX’s fortune—to buy those shares “whether we want to or not.” 

    We’ve been here before, said T.J. Stiles in The Wall Street Journal. A century ago, the same widening chasms—between the superrich and everyone else, between the paper value of companies and their tangible assets—provoked Americans to demand a progressive tax code and antitrust reform. Musk becoming a trillionaire on fantasies of asteroid mining could be a similar “inflection point.” Why would Musk care what Americans demand? asked TC Sottek in The Verge. He now has more “wealth, media power, and government influence” than anyone in history, and will use it to do what he wants. It’s long been clear that Musk is “the wrong man to save the world,” as some liberals once hoped he might. It’s now the world that “needs saving from him.

     
     
    VIEWPOINT

    Old enough to know better

    “The best thing about being 80 is that you outlive the clocks that have been chasing you. It’s freedom from that lie that anything was ever under control. The worst thing about being 80 is that you still want to say yes to everything, but the world moves without asking. The old fire in your heart still tells you to do this and that, but your body says we already did it. You’ve run out of illusions. Nothing surprises you. The really worst part about being 80 is that you find, at last, you’ve got an understanding of something that might have altered everything in the past, had it come at a time when something could still be altered.” 

    Bob Dylan in The New York Times

     
     
    briefing

    The SAT at 100

    Colleges that dropped the exam as unfair are now bringing it back. Why has it endured?

    What’s the goal of the SAT? 
    A dreaded rite of passage for generations of high school students, the SAT—formerly called the Scholastic Aptitude Test—aims to gauge a student’s ability to handle collegelevel material. Last year, more than 2 million juniors and seniors took the exam, a two-and-a-half hour ordeal consisting of 44 questions in the math section and 54 in the reading-and-writing section. A high score on the scale of 400 to 1600 won’t by itself guarantee acceptance to a selective university, but it’s often a prerequisite. Yet over the 100 years that the test has been administered, its value has been fiercely debated, with critics saying it merely reinforces race and income inequality. Those allegations were a main reason more than 1,200 colleges and universities stopped requiring SAT scores in 2020 and 2021, instead basing admission on factors like GPA, essays, and extracurriculars. Since then, though, dozens of those schools have reinstated the requirement. “Standardized test scores are a much better predictor of academic success than high school grades,” said Brown University president Christina Paxson. In an era of grade inflation, they “reveal useful information.” 

    How was the test created? 
    Before the SAT, elite universities mainly admitted students from a handful of prep schools, such as Phillips Exeter Academy in New Hampshire or Deerfield Academy in Massachusetts. In the early 1900s, when intelligence tests were becoming all the rage, institutions began considering general entrance exams. Princeton University psychologist Carl Brigham created what would become the SAT in 1922, when he modified a version of the Army’s IQ test and administered it to Princeton freshmen. Yet bias was built in from the start: One of his goals, Brigham wrote in his book A Study of American Intelligence, was to prove the superiority of “the Nordic race.” By June 1926, the College Board—an association of dozens of universities and colleges— had adopted the test as a general entrance exam. The first time it was administered, 8,040 students were given 97 minutes to race through 315 questions covering foreign languages, logic skills, vocabulary, and arithmetic. Word problems reflected the culture of the day, with one math problem asking: “If a package containing 20 cigarettes costs 15 cents, how many cigarettes can be bought for 90 cents?” 

    How did it get so popular? 
    Mainly because of the G.I. Bill. In the aftermath of World War II, some 2.5 million veterans poured into colleges, and universities turned to the SAT to help them evaluate the applicants. By 1960, more than 500,000 students were taking the test each year, and 350 colleges had made it a requirement. To meet this growing need, the College Board employs teams of teachers, professors, and testing experts to write the questions. For decades, though, that committee consisted almost entirely of white, well-off, highly educated men from the Northeast, and the test reflected their experiences—with word problems and reading passages referring to upperclass activities like sailing or riding. More recently, test makers have tried to eliminate cultural and socioeconomic bias. 

    Does bias in questions harm students? 
    While that can’t be proved, there are certainly disparities in scores among different races and economic classes. In 2024, the average combined score was 1228 for Asian students and 1083 for white students, compared with 939 for Hispanics and 907 for Black students. A 2023 study found that over 33% of children of the top 1% in income scored a 1300 or higher, versus only 2.4% of children from the poorest 20% of households. Wealthy families, of course, can more easily pay the $68 test fee multiple times, and many can drop thousands on special SAT prep courses. Such issues were cited in a 2019 lawsuit demanding the University of California system abolish its SAT requirement. In 2020, it did, as did hundreds of other universities, including MIT, Stanford, and the entire Ivy League. 

    What was the result? 
    Top schools received a larger, more diverse set of applications. But before long, professors complained that incoming freshmen lacked even rudimentary math skills. “I realized that for students to follow me,” said UC Berkeley string theorist Mina Aganagic, “I had to start reviewing basic algebra stuff, like fractions.” A 2024 Harvard study found that GPA alone “does a poor job of predicting academic success in college” in the absence of standardized test scores. Dozens of colleges, including every Ivy League university, have now reinstated a standardized-test mandate, and 1,400 instructors in the University of California system have signed an open letter urging the state to do likewise. “Failing to measure preparation gaps does not remove barriers,” it states. “It moves them into the classroom.” 

    Are there alternatives? 
    There’s the ACT, developed in 1959 specifically to rival the SAT; most schools accept it in lieu of the SAT, and last year 1.4 million students took it. The Classical Learning Test, created in 2015 by conservative Jeremy Tate to focus on works in the Western canon, was taken by over 180,000 students last year, and Defense Secretary Pete Hegseth has ordered all U.S. military academies to accept it in place of SAT scores. But are these tests fairer or more accurate than the SAT? It’s impossible to know, and some academics believe that’s the wrong question. Harvard economist David Deming says any test is bound to reflect the shortcomings and disparities embedded in the American education system. “The problem isn’t the test,” he says. “The problem is everything that happens before the test.”

     
     

    Only in America

    A North Carolina tech worker has been granted a “religious exemption” from using artificial intelligence at work. Software engineer Erin Maus, 34, told her employers that as a Unitarian Universalist she has “ethical and environmental” objections to AI, and says she is now, with their blessing, “writing my code and reviewing my code by hand.” Legal experts say Maus’ case may be the first of many such claims, especially after Pope Leo XIV warned that AI could undermine the “fundamental pillars of human civilization.”

     
     
    talking points

    Hunter Biden: Making a viral comeback

    “It’s been quite the journey for Hunter Biden,” said Adam Gabbatt in The Guardian. In a matter of weeks, the son of former president Joe Biden has gone from “a political liability to an unlikely galvanizing force within the Democratic Party.” That transformation began in mid-May, when Biden, 56, started posting on X about addiction and recovery, his family, art, and the hypocrisy of Republicans who hounded him for influence peddling but are now engaged in an orgy of corruption. He’s earned more than 781,000 followers with his often wry and self-deprecating posts. Asked by an X user if a bag of cocaine found at the White House in 2023 was his, Biden replied, “I would never have forgotten my drugs.” His populist posts about politics—“Groceries cost too much,” “Endless wars are stupid”—even have some fans urging Biden to run for president in 2028. Asked if that was a good idea, President Trump said that the former first son’s checkered past would present a problem. Biden, who in 2024 was convicted of six felony tax and gun charges, responded: “I’m 28 felonies, 6 bankruptcies, and an Epstein bromance short of his checkered past.” 

    “By all accounts, Biden is no longer smoking crack,” said Robby Soave in Reason, yet he continues to make terrible decisions. As part of his comeback tour, he sat down last month for an interview with antisemitic conspiracy theorist Candace Owens. On the podcast, he tried to rescue his dad’s reputation, claiming Democratic elites pushed Joe Biden off the ticket in 2024 because “he was never part of the Epstein class.” But that’s “complete nonsense.” President Biden was not forced out because he threatened to expose a secret sex trafficking network but because his health “rendered him patently unfit to serve.” Hunter has implied that his substance abuse issues also “render him an outsider to the elite class,” said Zeeshan Aleem in MS.now. “This, too, is nonsense.” Biden traded on his father’s name to “make insane amounts of money” and had his criminal history scrubbed by a presidential pardon. 

    “What’s the endgame here?” asked Helen Lewis in The Atlantic. Biden is mired in debt from his various legal battles, and his paintings aren’t selling. Does he hope to spin his new social media fame into financial opportunities? Is that why he recently posted about “the value and potential utility of cryptocurrency”? Of course, “people deserve grace when they’ve screwed up,” and if Biden can help addicts in recovery, “he should post away. Just as long as he stays away from the crack den, corrupt crypto schemes, and Congress.”

     
     
    people

    Davis’ life-altering diagnosis

    For decades, Geena Davis thought there was something deeply wrong with her, said Julia Llewellyn Smith in The Sunday Times (U.K.). From a young age, “I wasn’t able to do stuff unless there was enormous pressure on me,” says the actress, now 70. In high school, she struggled to complete assignments when the deadline was several days away; later in life, a partner told her he was ending their relationship because she never got around to buying chairs for their dining table. Then at 41, Davis was diagnosed with ADHD. “To understand there was a reason and I wasn’t a bad person was a revelation.” Buoyed, she decided to take up archery—because “there’s nothing subjective about it, unlike my day job”—and two years later came in 24th in the U.S. Olympic qualifiers, eight spots shy of making the team. She also became an activist, founding the Geena Davis Institute on Gender in Media to gather data on Hollywood’s “wild gender imbalance.” As Davis’ confidence grew, so did her willingness to speak out against past bad behavior. She has been especially critical of Bill Murray, her co-star in 1990’s Quick Change, who ignored her protests to use a massage machine on her, screamed at her on set, and stroked her inappropriately during a talk show appearance. Murray has never apologized. But was it still satisfying to name and shame him? “It was.”

     
     

    Saturday Wrap was written and edited by Theunis Bates, Chris Erikson, Bill Falk, Bruno Maddox, Rebecca Nathanson, Tim O’Donnell, and Hallie Stiller.

    Image credits, from top: Getty; Genevieve Naylor; YouTube; Getty
     

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