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oldsoftie

(13,538 posts)

13. This illustrates what would happen if there was an "asset tax".

Reply to Princess Turandot (Reply #11)

Fri Feb 25, 2022, 08:05 AM

Feb 2022

Musk sold shares to pay taxes. Tesla stock is down over 30% since he began doing it. So all the rest of us who own shares have been battered. This would happen on a much larger scale if everyone who is super rich had to start paying based on what they're worth instead of what they earn.
Change the description of "income" & borrowing to create it; and tax that.

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Elon Musk and brother under investigation for alleged insider trading [View all] turbinetree Feb 2022 OP

He'll just threaten to move his plants to China if he's charged. C Moon Feb 2022 #1

They're money hoarders. It's a sickness. nt SunSeeker Feb 2022 #10

I am having a lot of coincidences this week BigmanPigman Feb 2022 #2

Dumb move by smart guys. truthisfreedom Feb 2022 #3

Didn't even know he had a brother madville Feb 2022 #4

Me neither. I wasn't even sure he was human. SunSeeker Feb 2022 #8

I never heard of him either. nt oldsoftie Feb 2022 #14

lolll no wonder he hates the SEC ColinC Feb 2022 #5

Musk puts his $ into jobs. BidenRocks Feb 2022 #6

He sees them as... 2naSalit Feb 2022 #16

Can't see this. It was. his brother who sold the shares. speak easy Feb 2022 #7

What's so hard to see? They're brothers, they talk. SunSeeker Feb 2022 #9

This might be a little confusing, since the article focused on The Tweet.. Princess Turandot Feb 2022 #11

This illustrates what would happen if there was an "asset tax". oldsoftie Feb 2022 #13

The movie Wall Street comes to mind, when Charlie Sheen asks Gordon Gekko "how many yachts can you Comfortably_Numb Feb 2022 #12

I would like to see Tesla become the DeLorean of the 21st Century. GoneOffShore Feb 2022 #15

I already see... 2naSalit Feb 2022 #17