Elon Musk creates 4400 instant millionaires.

[Winston]

Everyone has the ability to control and regulate income. It is disengenious to ignore that fact. Most people lack the will or even in some cases, the intelligence to do so.

Capital gains are a legitimate tax, in case you were wondering.

Why not admit that you just don't want to allow anyone to have accumulated wealth? That you would be perfectly okay with taking it away because YOU don't think it is right to have so much.

Meanwhile, you ignore the other billionaires that ARE involved in politics, for the Democrats AND you ignore the taxes paid by his employees. For people like you, taxes are all that matters. How much can you confiscate in the name of your greed?

So, answer this question.

How much has Musk taken off your table or how much money has he taken from your bank accoun?

Yes, Capital gains are a legitimate tax, but the rates shouldn't be lower than earned income. Come on.

And no, I don't have a problem with accumulated wealth, I just want taxes paid along the way. The system is made to avoid that, allow wealthy individuals to pass on accumulated wealth without paying taxes. That needs to stop, and believe me, I have benefited from that reality more than most. I didn't earn it. It is not fair to others.

And what you don't realize is that much of Musk's success has revolved around government spending. Rather it is tax subsidies for electric vehicles, or government contracts to Space X, the vast majority of Musk's income comes from government. That money is coming out of our pockets.

 

[Darkwind]

but the rates shouldn't be lower than earned income

Why?

And no, I don't have a problem with accumulated wealth, I just want taxes paid along the way

Taxes ARE being paid along the way. Why do you ignore that fact?

The system is made to avoid that, allow wealthy individuals to pass on accumulated wealth without paying taxes.

Again, taxes ARE BEING PAID ALONG THE WAY. Why are you ignoring that fact?

I didn't earn it. It is not fair to others

Fair to others? This is reality and not some fantasy world in which fair means anything at all. You keep what you earn, and it has nothing to do with others.

And what you don't realize is that much of Musk's success has revolved around government spending

I disagree, but you go ahead and prove that. Right now, Musk is doing the work for the environment that the Government would be doing by selling his EV's. He is saving the taxpayer a great deal of money regarding the phony climate change fiasco. In addition, his space program and his space company are again saving the taxpayers huge amounts of money by financing exploration on his dime.

So, how much money has Musk taken from your bank account? Or anyone's bank account? How much food has he taken off your table, or anyone's table?

There is only one real principle at play here. If the government, through its proxies like the Socialist Democrats of America, can do this to the alleged most powerful person on the planet, what chance does the ordinary citizen have of remaining free and in charge of their life? That is a real concern as we see the explosion of Marxists willing to oppress the normal citizen in favor of their 'oppression' in the name of doing away with the oppressor/oppressed in the world.

No, thank you.

 

[Polishprince]

Neither Tesla nor Space X have paid any federal income taxes. They don't make money. Musk paid 11 billion in 2021, after exercising stock options.

Tesla and Space X might not pay federal income tax, but the people who work there certainly do.

 

[Toddsterpatriot]

Yes, Capital gains are a legitimate tax, but the rates shouldn't be lower than earned income. Come on.

And no, I don't have a problem with accumulated wealth, I just want taxes paid along the way. The system is made to avoid that, allow wealthy individuals to pass on accumulated wealth without paying taxes. That needs to stop, and believe me, I have benefited from that reality more than most. I didn't earn it. It is not fair to others.

And what you don't realize is that much of Musk's success has revolved around government spending. Rather it is tax subsidies for electric vehicles, or government contracts to Space X, the vast majority of Musk's income comes from government. That money is coming out of our pockets.

The system is made to avoid that, allow wealthy individuals to pass on accumulated wealth without paying taxes.

How much can they pass on without paying taxes? How much should they be taxed at death?

Rather it is tax subsidies for electric vehicles, or government contracts to Space X, the vast majority of Musk's income comes from government.

How much of his income comes from (green) handouts?
How much comes from doing something better and cheaper (launching payloads into orbit)?

 

[Winston]

Why?


Taxes ARE being paid along the way. Why do you ignore that fact?


Again, taxes ARE BEING PAID ALONG THE WAY. Why are you ignoring that fact?


Fair to others? This is reality and not some fantasy world in which fair means anything at all. You keep what you earn, and it has nothing to do with others.


I disagree, but you go ahead and prove that. Right now, Musk is doing the work for the environment that the Government would be doing by selling his EV's. He is saving the taxpayer a great deal of money regarding the phony climate change fiasco. In addition, his space program and his space company are again saving the taxpayers huge amounts of money by financing exploration on his dime.

So, how much money has Musk taken from your bank account? Or anyone's bank account? How much food has he taken off your table, or anyone's table?

There is only one real principle at play here. If the government, through its proxies like the Socialist Democrats of America, can do this to the alleged most powerful person on the planet, what chance does the ordinary citizen have of remaining free and in charge of their life? That is a real concern as we see the explosion of Marxists willing to oppress the normal citizen in favor of their 'oppression' in the name of doing away with the oppressor/oppressed in the world.

No, thank you.

No, those gains are not paid along the way. Do you understand the step-up?

 

[Darkwind]

No, those gains are not paid along the way. Do you understand the step-up?

Those gains are paid quarterly if sold, or, if sold through a broker, they are paid at the time of the transaction. I do understand that step-up.

The taxes are being paid along the way, period.

Why should capital gains taxes be higher?

How about we first deal with the nearly $ 1 trillion in fraud found across this country? When you are bleeding cash to criminal processes, it is a ******* idiot who wants to just confiscate more cash without first stopping the bleeding.

Then deal with getting spending priorities right and LIMIT spending to the actual income collected.

If someone is unwilling to do that, then it is pure greed on their part to want more taxes.

 

[Concerned American]

Neither Tesla nor Space X have paid any federal income taxes. They don't make money. Musk paid 11 billion in 2021, after exercising stock options.

How many billions did you pay? BTW, how many billions were paid from the jobs that he provided?

 

[Concerned American]

And the ability to control, and regulate income, is a gift the governments excludes to the wealthy. Why would Musk take income? Again, he paid a huge tax bill, but it was capital gains, not earned income, and his effective rate that year, considering his growth in net wealth, was less than five percent.

Your jealous envy is noted and dismissed.

 

[Nostra]

And the ability to control, and regulate income, is a gift the governments excludes to the wealthy. Why would Musk take income? Again, he paid a huge tax bill, but it was capital gains, not earned income, and his effective rate that year, considering his growth in net wealth, was less than five percent.

The guy paid $12 BILLION for a single year. How much you paid your entire life, loser?

He also employs hundreds of thousands. Just made 4400 instant millionaires. Howsabout you, loser?

When will you pay your fair share?

 

[Nostra]

Why not?

Do the math, Dumbass. Not enough money in the deal.

You have yet to give a coherent reason you think he should give his money to someone else. Do you have one?

Nope?

Ok, run along Trollglow.

 

[Polishprince]

The guy paid $12 BILLION for a single year. How much you paid your entire life, loser?

He also employs hundreds of thousands. Just made 4400 instant millionaires. Howsabout you, loser?

When will you pay your fair share?

Another factors the leftists are failing to take into account is the fact that Elon created this wealth. It didn't exist at all before he started Space X and Tesla. It isn't like he was taking it from someplace else.

If Mr. Musk, instead of pursuing his career as a tycoon, had instead decided to become a shoe shine boy, a mohel or a proctologist, the trillion dollars just wouldn't exist at all.

 

[Nostra]

Do the math, Dumbass. Not enough money in the deal.

You have yet to give a coherent reason you think he should give his money to someone else. Do you have one?

Nope?

Ok, run along Trollglow.

I guess the math was too hard for Moonglow

 

[bill718]

Why do you want to strip him of his First Amendment rights?

He's not an American citizen. He doesn't have 1st Amendment rights in America. S. Africa maybe?

 

[Concerned American]

He's not an American citizen. He doesn't have 1st Amendment rights in America. S. Africa maybe?

Educate yourself fool. Elon Musk has been an American citizen since 2002. SMH

 

[Nostra]

He's not an American citizen. He doesn't have 1st Amendment rights in America. S. Africa maybe?

First of all, he is an American citizen you blithering idiot.

Second, anyone IN America has a First Amendment right.

So you are 100% full of shit.

Elon Musk became a US citizen in 2002, contrary to viral post | Fact check

Musk became a U.S. citizen in 2002 and is registered to vote in Texas, where state law bars noncitizens from registering or voting.

www.usatoday.com

 

[percysunshine]

The lasting contribution is more than adding millionaires to the tax role.
This is not a trivial statistic. It is game changing;

"End result? SpaceX & Elon lowered the cost of getting 1 kg into LEO by 95-97% vs what NASA was paying previously. "

 

[sparky]

~S~