The proposal that billionaires be taxed to finance Joe Biden’s “Build Back Better” law, which would help thousands of Americans don’t like it at all Elon Musk. And the billionaire, the richest man in the world to date, made it evident in several tweets. In addition to pleading against it, the co-founder of Tesla, a company worth $ 292 billion, argues that taxing him on the increase in the value of his publicly traded assets will end up hurting all people and that the government, once it runs out of money. very rich will take those of the less rich and then all the people, without considering, however, how many people it would help.
Considering the negligible taxes paid (3.27 tax rate between 2014 and 2018), considering that the new tax would not affect its net worth, and considering instead the benefit to the people of this law, in fact, his position is rather harsh.
The Democratic Billionaire Tax Plan calls for the country’s 700 richest people to help fund preschool for all three- and four-year-olds, subsidized childcare, a one-year extension of the current one. tax credit for children, which impacts approximately 35 million households, and a four-year extension of the Affordable Care Act subsidies related to the pandemic. In short, not a little.
The answer even clearer, Musk gave it to a tweet from Washington Post reporter Christian Davenport. The journalist he commented on how Elon Musk and Jeff Bezos’ tax contributions to the Democratic proposed tax – $ 50 billion for Musk and $ 44 billion for Amazon founder in the first 5 years, respectively – would be the equivalent of a mission to Mars. Musk, in case his position against the tax was not yet clear, replied laconic: “My plan is to use the money to bring humanity to Mars and preserve the light of consciousness».
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