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BSdetect

(9,048 posts)

1. It's not like E Musk sits around at home on a pile of cash. His wealth is his company.

Reply to riversedge (Original post)

Mon Jan 3, 2022, 08:55 PM

Jan 2022

The problem seems to be that a few people have acquired huge wealth and many see that as unfair.

One recent stupid idea was to tax their unharvested capital gains. Good luck putting that into practice.

Musk has paid a huge amount of tax. He pays over 54% on income from shares.

He paid 1.5 million for every day since he became a US citizen. Think that's not enough?

60% of people pay little or no tax.

What will a solution be?

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Highlight:

Elon Musk's net worth increased by $28 billion today. If that doesn't convince you wealth inequality [View all] riversedge Jan 2022 OP

It's not like E Musk sits around at home on a pile of cash. His wealth is his company. BSdetect Jan 2022 #1

Just a thought YP_Yooper Jan 2022 #7

Simple solution- must sell/buy once every ten years, or else James48 Jan 2022 #8

I could argue that long term gains be for 6 months not 12 plus one day. BSdetect Jan 2022 #14

"None shall be too big" oioioi Jan 2022 #2

K&R BeckyDem Jan 2022 #3

It takes money to make money NowISeetheLight Jan 2022 #4

I bet the net worth of employees, contractors, dealerships, etc., also increased. Hoyt Jan 2022 #5

Maybe now he can get a hair cut? Instead of doing it himself. JanMichael Jan 2022 #6

Well within my lifetime, that $28B increase alone... BobTheSubgenius Jan 2022 #9

A video for comprehension. Tommymac Jan 2022 #10

Robert Reich makes around Abolishinist Jan 2022 #11

So only a homeless/poor person can talk about wealth inequality? JanMichael Jan 2022 #13

It would take 56 THOUSAND (at 500K per year) Reiches one year to equal what Musk made in that 1 day Celerity Jan 2022 #15

I have nothing against Reich, I like a lot of what he stands for, Abolishinist Jan 2022 #17

I should have said gained on paper in terms of net worth Celerity Jan 2022 #19

This message was self-deleted by its author BannonsLiver Jan 2022 #18

That sounds like a trick question, ain't gonna fall fer it... Abolishinist Jan 2022 #20

In other news, man blows up his Tesla moondust Jan 2022 #12

But he pays taxes on the lunch he bought lame54 Jan 2022 #16