An analysis of what would happen if Elon’s proposed tax dollars were spent on public transport - The Fact Factory

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Thursday 28 October 2021

An analysis of what would happen if Elon’s proposed tax dollars were spent on public transport


It must be hard being Elon Musk. Yep, everyone’s favourite Space Karen is crying into his Giga bier and fiddling with his flame thrower in angst. He’s aimed his ire at a proposal before the US Senate to tax Musk and his wealthiest friends.  Specifically, these billionaires would fall subject to the 23.8% capital gains tax on the increased value of unsold assets like stocks and bonds. Elon has plenty of money Let’s be clear: the man is hardly buying no-name brand baby food for X Æ A-12. His net worth rose by a tidy $36.2 billion alone on Monday in response to…

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