White House says high earners can 'afford' to pay more as Musk criticizes billionaires tax

Musk was responding to another individual's tweet, which included a template designed to be sent to lawmakers in opposition to the tax.

"I anticipate that any new unrealized capital gains taxes will slowly make their way down to middle class retirement investments over the next several years. It will start with billionaires, then eventually millionaires, then the modest investments will get hit possibly within a decade," the template read.The White House on Wednesday hit back after Tesla CEO Elon Musk’s criticized the billionaires tax.

"And obviously we've taken steps, we will take steps that have been proposed to crack down on anyone who's trying to cheat what they owe to the federal government," she added. Some have raised questions of the constitutionality of the billionaires tax. The White House said Wednesday that it wouldn't support anything it doesn't think is legal.Read more

They can. He is one of the richest people in the world (over 7 billion people) AND took OUR tax $ for company bailouts.

So then the question becomes why elonmusk is afraid of tax? Is he actually not that rich as he has to keep taking loans to cover his daily expenses?

Let’s compare effective tax rates Elon. When yours is higher than the that of a typical median income earner, then we can consider your inane tautological deflection. Until then, GFY.

Stop tryin to make Elon musk a victim.

Says the billionaire that got that way with this country’s help. Rich enough to have his own space force with plans to abandon earth when his space station is complete.

This is why its better to work for government--that way the money they take from you is already other peoples money.

That rings hollow.

Wrong, the rest of us have been paying taxes all along

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