Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessElon Musk criticizes Democrats’ billionaire tax plan

Elon Musk criticizes Democrats’ billionaire tax plan

Add to Favorite
Added to Favorite

 

The Democrats have recently proposed to tax billionaires many of whom pay almost zero or less than five percent taxes, due to various tax breaks and some loopholes in the laws of the nation as per a recent report by ProPublica. As the tax proposal could become a reality despite the lack of bipartisan support, one billionaire, Elon Musk, took to Twitter to show his displeasure on being expected to be taxed like most American are. Some billionaires have said that they are ready to be taxed, some have protested and others have kept quiet, as of now.

On Monday, Tesla CEO Elon Musk wrote on Twitter, “Eventually, they run out of other people’s money and they come for you.”

In another tweet Musk said that the private sector could be better at managing the reallocation of wealth rather than the government.

In a worst case fantasy scenario we muse about what would happen if the top two billionaires were in charge of reallocation of taxes collected from Americans who have worked hard to pay taxes which would now be disbursed by the private sector including these two.

In the recent past, Amazon’s Jeff Bezos spent a s**t load of money for less than a quarter hour joy ride to space and thanked Amazon employees for making it possible. When Bezos left for space many jokingly asked the government not to let him come back to earth. If huge amounts of taxpayer money is put in this billionaire’s hands, will he offer all those who criticize him a free joy ride to space, this time using tax payer’s money, instead of extending invitations to cronies and ticket holders?

Elon Musk recently reportedly said that the bulk of his fortune would be used in efforts to colonize Mars. His reported $300 billion wealth would most probably be insufficient to reach Mars. Will he reallocate taxpayers’ funds privately to shorten the time it would take humankind to reach Mars, so that he could reach Mars and died there, as is his wish, while mother earth struggles?
We wonder!

Source Twitter

Subscribe to get Latest News Updates

Latest News

You may like more
more

Google to invest $640 million in Netherlands data center, CWEB analysts upgrade Alphabet stock

Google's parent company, Alphabet (GOOGL), is increasing its investments...

Fintech One introduces BNPL, Walmart backed startup adds buy now pay later items at US stores

Walmart-backed (WMT) fintech One has introduced buy-now-pay-later (BNPL) loans...

Hilton Worldwide Holdings Inc. Quarterly Earnings Preview – April 24, 2024

**Hilton Worldwide Holdings Inc. Quarterly Earnings Preview** On Wednesday, April...

Nucor Corporation Q1 2024 Earnings Analysis: Missed Forecasts but Resilient Performance

Nucor Corporation's Q1 Financial Performance Analysis On Monday, April 22,...