Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

Americans want a third party as polarization grows; current parties serve ideological extremes, not the majority.

The Anti-Masons were the first recognized third party. It was formed in 1828 in opposition to the Freemasons, a secret society. The disappearance of William Morgan, a former Mason who had threatened to expose secrets, fueled widespread paranoia about the shadowy group, which many believed was covertly controlling the government.

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.

Classifying parties as populist Although experts generally agree that populist political leaders or parties display high levels of anti-elitism,