<h1 class="pgc-h-arrow-right" data-track="1" > the Tesla CEO doesn't like the billionaire tax proposed by the Democrats. </h1>
Elon Musk has made it clear that he does not support the Democrats' proposal to impose additional taxes on super-wealthy Americans.
Now, Tesla's CEO has revealed that he plans to fund the Biden administration with an additional billion dollars into the president's massive social spending agenda.
Democrats plan to impose a super-billionaire tax to fund the spending bill: How will it work?
It is recommended to tax unrealized capital gains for billionaires, as well as those who earn $100 million or more for three consecutive years, even if they still own the value-added value of assets such as stocks and real estate.
The White House estimates that the new tax will pour another $200 billion into government funding over the next decade. According to a report, a large portion of that will be paid by Musk and Amazon founder Jeff Bezos, who once traded with Musk to become the richest man in the world.
SpaceX founder Elon Musk (left) and Blue Origin founder Jeff Bezos (right) ;(AP photo/Jae C.Hong, File) (AP/Getty Pictures/AP Newsroom)
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Citing an article on Twitter on Tuesday, Christian Davenport of the Washington Post said, "Musk will pay up to $50 billion in taxes over the first five years, while Bezos could pay up to $44 billion in taxes." ”
Davenport commented, "This could pay the price for a trip to Mars." ”
In response, Musk tweeted on Thursday: "My plan is to use this money to send humans to Mars and protect the light of consciousness." ”
Musk and Bezos are currently engaged in a billionaire space race with their respective competing aerospace companies. SpaceX and Blue Source. While many have praised entrepreneurs for their efforts to advance science and technology and send more people out of the atmosphere, they have also been criticized by those who believe their wealth would be better spent on The Planet.
When democrat Musk warned that even if their plan passes, the government will not stop fighting for more money just for the rich.
Earlier this week, he tweeted: "Eventually, they ran out of other people's money and came to you." ”