The oligarchs and their familiars do like their tax loopholes.

Rage baiting...blocked

Obviously, self made billionaires made their $ because many people paid them for a product or service that is better that the competition.

Blocked for rage baiting.

Thank you, blocked (lack of) common sense for rage baiting

Blocked for advocating violence

Crazy, obviously inaccurate rage bait posts on left leaning sites hit two buttons, outrage about some right leaning thing, plus encouraging useless response from left leaning people. I'm thinking these are Bots funded by the right to degrade the ability of the left to organize. Block all ragebait!

Lifestyle tax, not wealth tax.
Wealth tax seem divisive, unworkable, and unlikely to get enough support

Yeah, the rich have captured the tax law. Getting rid of "tax shelters" didn't solve the problem.

I'm advocating tax rates be proportional to lifestyle. Invest or donate your income, low tax...live like an oligarch, you gotta pay. Probably not possible unless most people demand it.

Musk paid $11B income tax when he exercised stock options in 2021...highest ever. He will pay $400B (!) income tax if he succeeds in earning all the steps of his latest pay package. BTW he he earns the whole package, other stockholders will pay $2T in taxes.

This is a rare sane post about Tesla.

Bunch of useless replies in this one...

Nope. If it was that simple lots of people would be doing it.

Back when top marginal rate was 90%, no one paid that rate. Approved charity or investments offset income. But if you spent $ on lifestyle, you had to pay.

Then gov eliminated "tax shelters", reduced top rate. Now we get weak investments in the future and lots of yachts.

The "pay" package is worth nothing until Tesla doubles in value and only reaches $1T if company goes 10X in value. In the meantime, pay is nothing.
If Tesla goes 10X, he pays about $400B in taxes and rest of stockholders pay about $2T in taxes. Did you know that?

Elon gets none of the stock unless the Tesla doubles in value. Getting all requires value to go up 10X. If Elon gets the whole package, he will pay $400B in taxes plus other shareholders will pay about $2T in taxes.

So which is it, Tesla is about to fail, or Elon was unfairly paid?

They never had any principles. It was all a scam where they said stuff that sounded good in focus groups. Been that way since saint ronnie.