Elon Musk slammed Bernie Sanders in the billionaire tax debate

0
66


Sen. Tesla’s CEO and the world’s richest man, Elon Musk, paid more taxes to billionaires before he suggested he could sell more Tesla stock. Bernie Sanders has slammed on his calls – he already shed nearly $ 7 billion last week.

“We must insist that the very rich pay their fair share. Duration, ”left senator from Vermont Tweeted Saturday.

“I’m forgetting you’re still alive,” Musk responded – he’s worth about $ 285 billion.

“Bernie, do I want to sell more stock? Just say the word …” Musk added.

The weekend exchange comes after Musk sold nearly $ 7 billion of Tesla shares last week. A week ago, he asked his millions of followers on Twitter whether they should sell 10 percent of their Tesla holdings.

The survey ruled that they should sell and they vowed to stick to the results.

On November 1, 2021, Elon Musk said on Twitter that he would sell $ 6 billion worth of Tesla stock and donate it to the United Nations Food Agency.
AP Photo / Matt Rourke, File

Musk owns 160 million shares of the electric car company, which represents about 17 percent of the company’s total shares.

Musk has previously warned that it will sell some Tesla stock at the end of this year or early next year to meet tax obligations related to the exercise of stock options it received as part of its 2012 compensation plan.

Musk previously said those options will expire soon.

This is not the first time this Twitter exchange is trading Bernie Sanders and Elon Musk Jabs.
This is not the first time this exchange is trading Bernie Sanders and Elon Musk Jabs.
Twitter

Under the current tax code, Musk has used the stock dump at least partially to prove that selling his shares in Tesla is the only way to pay tax on his income.

The mega-billionaire says he doesn’t take cash from any of the companies he runs, and thus all his compensation is built on the stock, which is taxed on capital gains only after selling it.

Last month, Democrats tried to tax unrealized profits targeting tech billionaires like Musk. But the Tesla CEO publicly attacked the project, which died amid complaints that it quickly fell out of favor and would not encourage investment.

Bernie Sanders, chairman of the Senate Budget Committee, and Sen.  Robert Menendez holds a news conference on state and local taxation.
Bernie Sanders, chairman of the Senate Budget Committee, and Sen. Robert Menendez holds a press conference on state and local taxation.
Chip Somodevilla / Getty Images

Musk’s recent clash with Sanders isn’t the first time two barbs have been traded.

Earlier this year, Sanders called him by name, saying he and Bezos “have more than 40 riches below.” [percent] Of the people of this country. “

“I am gathering resources to make life multi-planetary and expand the light of consciousness to stars Musk responded, Referring to her another venture, SpaceX, which hopes to eventually land humans on Mars.

And Musk is stepping up his attacks on politicians this month. Sen. Oregon Democrat pushing wealth tax to help pay for President Biden’s infrastructure spending plans. Ron Wyden followed suit – last week, after lawmakers responded to Musk’s Twitter poll.

Musk Replied the scruffy, head scratching A shame, it’s a reference to Sen. Wieden’s profile picture.

“Why does your PP look like you’ve just arrived?” Musk asked.

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here