The least self aware man on planet Earth, Bernie Sanders, whose ignorance in the field of economics is unparalleled, has set his sights in destroying the global economy by targeting titans of industry’s fortunes.
It’s not good enough for Sanders to steal more in taxes from profits realized by the nation’s wealthiest individuals, Sanders now wants to tax the uber rich on their assets. The consequences of this would be catastrophic for the global economy.
Taxing business people on assets they are holding and trying to grow (which requires them to hire more people, expand production, buy more assets and engage in more investment, etc) thus forcing the world’s wealthiest men and women to sell assets in order to pay taxes on unrealized gains would cause malinvestment and have a ripple effect that we can not even begin to fathom.
Luckily, Elon Musk is one of the few men with more money than God who is not bashful about standing up to delusional politicians, regardless if those kleptocrats have the power to destroy their fortunes.
Fox News reported:
‘Tesla CEO Elon Musk brushed off Sen. Bernie Sanders’s demands that the wealthy “pay their fair share” in his latest back-and-forth with the self-described democratic socialist.
“I keep forgetting that you’re still alive,” Musk tweeted at Sanders Sunday morning.
The tweet came in response to Sanders saying on Twitter Saturday that, “We must demand that the extremely wealthy pay their fair share. Period.”
Musk has a net worth of about $294 billion.
…
The two have previously sparred over taxes on Twitter, included in March when Sanders said Musk should “focus on Earth” instead of space travel and figuring out “a progressive tax system.”
Funny thing Senator Sanders, if you and your ilk in the political class had not run this planet into the side of a mountain we would not have to be looking for other planets to inhabit in order to escape your totalitarian dystopia.
“We are in a moment in American history where two guys — Elon Musk and Jeff Bezos — own more wealth than the bottom 40% of people in this country. That level of greed and inequality is not only immoral. It is unsustainable,” Sanders tweeted on March 18.
Do Musk and Bezos have a moral obligation to use their wealth to help others? Yes, I believe so. However, if we live in a free society, which politicians always love to claim we do, they should have no legal obligation to do anything they do not want to do with their property.
Musk, who also owns the aerospace company SpaceX, tweeted a couple of days later that he is using his wealth to get humanity to explore space.
“I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars,” Musk tweeted on March 21.
“Space travel is an exciting idea, but right now we need to focus on Earth and create a progressive tax system so that children don’t go hungry, people are not homeless and all Americans have healthcare. The level of inequality in America is obscene and a threat to our democracy,” Sanders responded.’
Men like Sanders do not want humans to be able to escape Earth. Once people are able to escape Earth he will have no way of running his protection racket against them. If enough people leave the planet how will the self proclaimed ‘Socialist’ continue to afford his 3 homes?
