Elon Musk is now richer but has no plans to pay taxes

Elon Musk is now richer but has no plans to pay taxes

On Tuesday, Elon Musk again clarified on Twitter what he thinks about the new tax plans of the US government, which seeks to tax large assets, even if these assets are tied to other values. Musk responded to a complaint tweet by Cardano entrepreneur Rick McCracken:

“Sometimes they run out of other people’s money and then they come back to you,” Musk said annoyed. From the perspective of a multi-billionaire, the anger is understandable, as the billionaire tax proposed by US Democrats would hit the ten richest American citizens hard.

NS Washington Post had calculated that Musk alone would have to pay a total of about US$50 billion in taxes in the first five years of taxation – and this was the calculation prior to the recent money boom at Musk. So 50 billion is related to a fortune of about $200 billion. For former Amazon boss Jeff Bezos, the Washington Post had calculated just under $44 billion in expected taxes.

Musk explains it freely: It’s not possible to pay taxes, I need money for Mars

Musk took to Twitter on Thursday to clarify what he was doing with his personal wealth. List of current Bloomberg billionaires has crossed the $300 billion mark, much more will have to be done instead of taxing it.

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“My plan is to use the money to bring mankind to Mars and maintain the light of consciousness.” This argument should be cause for some entertainment to most tax authorities around the world. However, anyone who knows Musk knows: He means serious. He really wants to make humanity a species that lives on multiple planets. The highly successful serial founder has made this clear time and again in recent years.

As for Mathias Dofner, CEO of Axel Springer Group, he said in an interview revealed last December that he wanted to spend as much money as possible on colonizing Mars. To do this, he sells his material possessions. Ultimately, a city on Mars requires “a lot of resources,” Musk Dofner said, and he intends to “contribute as much as possible to the city.” That means it just needs “a lot of capital”.

No earthly possession sought: Kasturi sells all properties

In early May 2020, Musk via your favorite service twitter Says he plans to sell “almost all physical assets” and “doesn’t have a home.” He followed the announcement with deeds and continued until late summer. all but one of the houses Sold in the Bay Area of ​​California.

In addition to his interplanetary plans, Elon Musk also doubts that taxing the super-rich will have any positive effect on the general public.

“The US national debt is approximately $28,900 billion, or about $229,000 per taxpayer,” Musk said in a tweet on Wednesday. “Even if you tax all ‘billionaires’ at 100 percent, it would only make a small dent in that number, so of course the rest would have to come from the general public. It’s easy math. ”The real problem will be the spending policy of the government.

US tax plan controversial, meanwhile Musk is getting richer

Elon Musk probably won’t have to worry about tax plans. Because billionaire taxation plans already face resistance within the ranks of the Democratic Party.

Meanwhile, Musk’s wealth is growing rapidly. NS Car rental company Hertz announcedTesla, looking to place orders for up to 150,000, gave the stock a huge boost this week, pushing his personal fortune above the $300 billion mark.

Musk’s vast fortune grew partly at the expense of the state

However, this should only be to the mill of his critics. Because they loudly demand that multi-billionaires also use their wealth to participate in solving worldly problems. With only $6 billion in Musk’s fortune, we could 42 million people from starvation Save, as David Beasley, head of the United Nations World Food Program, calculated from CNN: “It’s not complicated.”

Others point out that various Musk companies have grown at a cost to taxpayers, including billions in grants, loans and government contracts. The NASA contract for the development of the lunar module alone was entered into with Musk’s SpaceX amounting to $2.9 billion. Grunheide, stands for the planned Tesla battery factory in Brandenburg. Public funding of 1.1 billion euros in the room.

Musk would certainly respond to criticism that the achievement of intergalacticity is the best thing he can do for humanity—so charitable purposes drive his actions anyway. Typically, however, in democratic societies, people’s representatives make decisions on the use of taxpayers’ money, not the taxpayers themselves.

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Elon Musk’s life in pictures

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