Elon Musk picks Twitter fight with Bernie Sanders over tax p...

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Elon Musk picks Twitter fight with Bernie Sanders over tax p...

24-11-2021 14:47

Elon Musk picks Twitter fight with Bernie Sanders over tax policy

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Elon Musk picks Twitter fight with Bernie Sanders over tax policy

Elon Musk, the CEO of Tesla and SpaceX, has sparred with Democrat senator Bernie Sanders on Twitter over the tax hike for the super-rich.

The billionaire's tax proposed by Sanders and Democrat Senator Ron Wyden from Oregon would target unrealized capital gains of the super-rich, such as gains in stocks. Under this proposal, Musk would face an annual tax bill of $10 billion.

On 13 November, Bernie Sanders tweeted “We must demand that the extremely wealthy pay their fair share. Period”. Musk replied, “I keep forgetting that you’re still alive”. Tesla’s CEO also asked Sanders if he should sell more of his stock.

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