Skip to content

Elon Musk targets Bernie Sanders over tax: “I always forget you’re still alive” | Elon musk

| Latest News Headlines | abc News

Elon Musk embarked on yet another Twitter controversy on Sunday, with Tesla owner and the richest person in the world responding to a tax tweet from Senator Bernie Sanders through writing: “I always forget that you are still alive.”

Sanders, 80, wrote: “We must demand that the extremely rich pay their fair share. Period.”

Musk, 50, is also the owner of SpaceX and has an estimated personal worth of around $ 271 billion, making him, some say, the richest person of all time.

He also has tweeted: “Do you want me to sell more stocks, Bernie?” Just say the word … “

Sanders did not immediately respond. Melissa Byrne, progressive activist and former employee of Sanders, tweeted: “Friends, stop buying Tesla. Don’t reward violent men.

This week, Musk sold nearly $ 7 billion in Tesla stock, more than $ 5 billion after asking Twitter followers to vote on whether to do so, and more than $ 1 billion on Friday.

Jason Benowitz, senior portfolio manager at Roosevelt Investment Group in New York, told Reuters: “We expect share sales to continue as Musk holds millions of options worth billions of dollars that would otherwise expire worthless. , and he also pre-arranged stock sales. “

Tesla’s stock price fell after Musk’s Twitter followers said he should sell shares. But stocks remain extremely valuable.

Musk organized the Twitter poll to take stock of a proposed “billionaire tax” proposed by Democrats in Congress, saying, “Note that I do not take cash pay or bonuses from anywhere. only have stocks, so the only way for me to pay taxes personally is to sell stocks.

Supporters of the billionaire tax say they want to target “unrealized capital gains,” that is, increases in the value of stocks held by ultra-rich Americans who currently pay very little tax.

Sanders is an independent Democratic Socialist from Vermont who meets with Democrats in the Senate. He achieved global notoriety with strong nominations for the Democratic presidential nomination in 2016 and 2020, losing to Hillary Clinton and then Joe Biden.

As chairman of the Senate Budget Committee and champion of tax fairness, Sanders is pushing for Biden’s Build Back Better spending program for health and social services and climate crisis mitigation to come out of the Congress and become law.

Building back better would be funded by tax increases on businesses and the very rich. The billionaire tax is not part of the package, but its main promoter, Senator Ron Wyden of Oregon, condemned Musk’s Twitter coup last week.

Saying that he wanted “to make sure billionaires pay taxes every year, just like American workers,” Wyden added, “Whether or not the richest man in the world pays taxes shouldn’t depend on Twitter poll results.

Musk has a history of controversial – and sometimes costly – social media behavior. In October, he responded to Wyden’s tax proposals with a Tweeter.

“Eventually they run out of money for the others and then they come looking for you.”

Top Stories Yahoo news Elon Musk targets Bernie Sanders over tax: “I always forget you’re still alive” | Elon musk

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.