Severus_Snape@lemmy.world to World News@lemmy.worldEnglish · 2 days agoElon Musk becomes world's first half-trillionairewww.bbc.comexternal-linkmessage-square46fedilinkarrow-up1119arrow-down120
arrow-up199arrow-down1external-linkElon Musk becomes world's first half-trillionairewww.bbc.comSeverus_Snape@lemmy.world to World News@lemmy.worldEnglish · 2 days agomessage-square46fedilink
minus-squareFlamekebab@piefed.sociallinkfedilinkEnglisharrow-up32·2 days agoBut if we were to tax him he’d… What’s the current lie again?
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up16·2 days agoIt would be very bad for the economy. Exactly what economy “the” stands for is not specified, I can only assume it must be “the” Elon Musk economy.
minus-squareWanderingThoughts@europe.publinkfedilinkEnglisharrow-up4·2 days agoThat’s at least the economy of top 10% and very often the top 1%. It’s a different world up there.
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up2·2 days agoIt’s so much a different world, they lose contact with reality.
minus-squareHudell@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 days agoTop 1% still includes people who fail to pay bills sometimes. This is the economy of the 0.01% at most.
minus-squareCheems@lemmy.worldlinkfedilinkEnglisharrow-up3·2 days agoNot taxing him is also bad for the economy
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up3·1 day agoAll we have to do is seal up the loophole that says money borrowed against stock value isn’t income. But I don’t even understand why capital gains are not considered income.
But if we were to tax him he’d… What’s the current lie again?
It would be very bad for the economy. Exactly what economy “the” stands for is not specified, I can only assume it must be “the” Elon Musk economy.
That’s at least the economy of top 10% and very often the top 1%. It’s a different world up there.
It’s so much a different world, they lose contact with reality.
Top 1% still includes people who fail to pay bills sometimes. This is the economy of the 0.01% at most.
Not taxing him is also bad for the economy
All we have to do is seal up the loophole that says money borrowed against stock value isn’t income.
But I don’t even understand why capital gains are not considered income.