Office hours: Elon Musk and the billionaire tax
Even Kyrsten Sinema is open to taxing billionaires
Good morning.
Elon Musk made $36 billion on Monday. It would take a typical American worker more than 800,000 years to earn that. But Musk now warns that a tax on billionaires -- such as Democrats are now considering (and even Kyrsten Sinema seems open to) -– would eventually lead to higher taxes on everyone else. The truth is the opposite: if billionaires don’t pay their fair share, the rest of us will have to pay more to make up the difference.
That doesn’t end the debate, obviously. Eager to have your thoughts about a billionaire tax. I’ll weigh in with mine today at 10 am PT, 1 pm ET.
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Elon Musk’s tweet (click to see the thread):
My response on MSNBC:
I pulled a few community norms from an old syllabus. Please keep them in mind:
— Practice civility. Civility is not about agreeing. It’s about how we disagree. Let’s avoid the nastiness that has come to dominate so many of our online conversations these days.
— Assume positive intent. Try to understand what others are getting at.
— Be open-minded about dissenting views. The best way of learning anything is to talk to somebody who disagrees with you.
— Reach out. I hope that Office Hours can be dialogue not only between you and me, but also among one another.
The billionaire tax would be just a way of removing that excess liquidity from the economy, they would get it back, because they are always benefiting from government, such as when the Fed injects liquidity in the stock market, that rejection in collaborating with the government is just a demonstration of pure greed.
Office Hours : This is an Open-Chat Session isn't it? If yes, is there a Link to get to it. Nobody will like what I have to say, but they NEVER HAVE - Anyone Open to Change? Authentic and "Truly Real' comments from a Societal-Ignored-Rejected Outcast?