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Tuesday, December 7, 2021

Elon Musk, world’s richest edgelord, responds to billionaire tax with one other silly tweet

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Is it truthful that the world’s richest individuals pay so little in tax? That in a time of extreme inequality, people who have a lot contribute so little in proportion to their huge wealth? These are the questions motivating US Democratic Senator Ron Wyden, who’s been calling for brand spanking new taxes on billionaires.

Is it truthful that the democracy I dwell in might need some calls for of me? How can I show that I’m tremendous edgy and completely unfazed by the prospect of paying extra tax? These are the questions apparently motivating Elon Musk, who replied to a tweet from Wyden by asking why the senator seems to be like he’s simply orgasmed in his profile image.

Musk’s crude tweet caps a very attention-grabbing weekend for the world’s richest man, who didn’t appear to get the reply he wished when polling the web on the difficulty of wealth.

On Saturday, Musk requested his 63 million Twitter followers whether or not or not he ought to promote 10 p.c of his Tesla inventory. The query is vital, as a result of with out promoting inventory, Musk isn’t truly taxed on the primary supply of his huge fortune (he owns round 17 p.c of Tesla inventory, at present price round $200 billion). That is the scenario that Wyden and different politicians wished to vary with a plan to annually tax unsold property like shares belonging to the USA’ wealthiest residents — round 700 billionaires (although Wyden’s proposals have already been rejected).

As Musk put it in a separate tweet: “I don’t take a money wage or bonus from anyplace. I solely have inventory, thus the one approach for me to pay taxes personally is to promote inventory.”

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Musk’s Twitter followers have been clear, although: Elon should sell his stock, with 57.9 p.c of three.5 million members voting “sure” on the ballot. In different phrases: Musk needs to be paying extra in tax than he does already. (Apparently, as a consequence of how Musk’s Tesla inventory choices are structured, he’s doubtless due a sizable tax bill whatever the final result of any Twitter ballot.)

Musk, who promised to “abide by the outcomes of this ballot, whichever approach it goes,” hasn’t commented immediately on the ballot’s final result. As an alternative, he selected to fireplace off his tweet to Wyden after the senator identified that “whether or not or not the world’s wealthiest man pays any taxes in any respect shouldn’t depend upon the outcomes of a Twitter ballot.”

It was this surprising suggestion — that questions of nice public import, like billionaires’ tax charges, may be settled exterior of Musk’s Twitter feed — that apparently proved an excessive amount of for Elon to bear. Presumably, although, he’s too busy making ready the required paperwork to comply with by means of on his promise and promote his inventory to give you a extra articulate reply.

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