Pocahontas demands Elon Musk pay more taxes

You stated you are not a billionaire apologist then you went straight to Koch brothers talking points from 32 years ago. I don't want to refer to you as a capital stooge, but a capital stooge could not be a stronger advocate for billionaires than you poster. If taxes were increased on billionaires by 1/10th of 1%, they would complain. We would possibly be over taxing billionaires if U.S. has something in the range of (10 to 15)% decrease in billionaires. If U.S. losses (10 to 15)% billionaires, some may move to Tijuana and others may move to Juarez, great! The former U.S. billionaires could make Juarez and Tijuana beautiful.

Liz, Congress writes tax law. You are part of the problem.

Absolutely, he should. He's worth $300 billion now. What, he can't buy a cup of coffee if he had only $220 billion?

As if Elon Musk wouldn't continue to push space, solar, and electric if he paid more in taxes. Absurd.

God do I hate Liz Warren. Let’s never forget one of the most laughable/cringeworthy videos of all time:

https://youtu.be/sWehvtOL_VI

I think calling her Pocahontas is uncalled for but at the same time she lied for years about her heritage. That is unforgivable and should make her at a bare minimum unelectable and frankly unemployable. It is a sin far too great to forgive. She has never presented a compelling reason for telling and continuing the lie.

God, what a horrendous post by shallow thoughts here. First of Elon pays exactly the taxes he owes by the tax code. He has done nothing wrong, and if you have a problem with that talk to your representative who is writing the code. The idea that he doesn't pay his fair share is absurd, he has paid way more in taxes over his life than you have. Just because he is more successful than you why should he pay more? This is the inherent problem with an income tax and why when the US was founded such taxes were illegal at a federal level.

It is clear from this thread that a lot of people do not understand paper profits vs real income. If Liz Warren got her way and started taxing paper profits it would be absolutely devastating to the economy as the rich would have to start liquidating assets and would not be able to reinvest as much in growing their business or starting new enterprises. And yes to your question if Elon had to pay more in taxes it would reduce the number of people he could employ or the salaries of those he employs. What do you think he does with his money? Other than the money he has in things like cyrpto which is a tiny percent of his networth all his money is in businesses. He's not pulling out billions each year and sticking under a mattress not paying taxes on it. The investment entrepreneurs like Elon do has way more benefit to society than what Warren does, which is stealing people's money to redistribute as she sees "fair" with significant loss to overhead in the process. It's also amusing that the Democrats continue to use the tax code to protect hedge funds which provide extremely marginal value to society and do a lot of borderline illegal things while at the same time going after people like Elon who actually build things that benefit society and provide jobs. If you want to destroy economic growth raise Elon's taxes. But hey you'll get childcare paid for by the government, although the cost childcare will probably double as soon as the government is in the mix.