Tech billionaire Elon Musk has praised Hungary’s newly announced tax exemption policy for mothers, calling it a “Good idea.”
Good idea https://t.co/pypG9lcXwS
— Elon Musk (@elonmusk) March 16, 2025
The Hungarian government recently unveiled a scheme where mothers with one child will be exempt from paying income tax until the age of 30, while those with two or more children will receive a lifetime income tax exemption. The policy aims to combat Hungary’s declining birth rates by encouraging family growth.
Musk, father of 14 children, who has frequently voiced concerns about global population decline, has previously advocated for policies that support higher birth rates. His endorsement adds global attention to Hungary’s initiative, which the government sees as a bold step towards building a family-centred economy.
