Patriotic Millionaires Blast Elon Musk for Billionaires Income Tax Comments

[BeckyDem]

For Immediate Release

Thursday, October 28, 2021, 8:24 am EDT

Patriotic Millionaires

Contact: Sam Quigley, [e-mail]

"Elon Musk: 300 billion reasons to tax the rich": Group Launches DC Mobile Billboard Campaign As Democrats Finalize Reconciliation “Pay fors”

WASHINGTON -

Today, the Patriotic Millionaires blasted Elon Musk for his remarks opposing the Billionaires Income Tax proposed by Senator Ron Wyden. The group is running a billboard featuring an image of Musk and the text “Elon Musk: 300 billion more reasons to tax the rich” around the Capitol in Washington, DC all day beginning at 8am ET, as Democrats in the House and Senate debate what tax increases should be included in reconciliation.



https://www.commondreams.org/newswire/2021/10/28/patriotic-millionaires-blast-elon-musk-billionaires-income-tax-comments




( St. Ronnie Greed Reagan would have loved Musk. )

[SWBTATTReg]

1. Good. Whining about paying perhaps a meager 4% of his wealth due to a 'billionaires tax'...

How pathetic is this? 4% of one's wealth.

How sick are people like this in that they yell and scream when any kind of money goes out of their pockets for anything, and I'm paying almost 10% in sales taxes for my items when I go shopping?

[BeckyDem]

5. We allow him and others like him to be a tax cheat.

How does Musk avoid paying taxes? The answer is that he borrows money from Tesla without taking a salary from his own company. Through stock options, Musk takes out loans against his company’s shares to fund his Tesla projects, which he does not owe income taxes for, and also deducts some of the interest on those loans on his taxes.
https://thehill.com/changing-america/respect/equality/558352-elon-musk-explains-his-extremely-low-tax-rate

He can go to hell.


Yay for the rich people!

Austin neighborhoods facing gentrification pressures, Dallas Fed finds

Recent analysis on incomes and migration patterns in Texas shows that Austin and three other Texas metro areas – Dallas, Houston and San Antonio – have seen significant patterns of gentrification in recent years. The recently released research by the Federal Reserve Bank of Dallas shows that incomes and education levels have greatly increased in the areas closest to city centers, which over the past decade have grown more desirable and caused housing prices to increase, pushing out longtime residents as a result.

The study also found that populations of non-Hispanic whites living three miles or less from a city center are increasing in all four cities, with those populations dropping considerably in suburban areas located five miles or more from a city center.

Economist Yichen Su wrote in the analysis that the influx of higher-wealth residents into central areas brings more quality-of-life options in their wake with displaced residents facing longer commutes and other challenges.
https://www.austinmonitor.com/stories/2020/01/austin-neighborhoods-facing-gentrification-pressures-dallas-fed-finds/

[BeckyDem]

4. I like the way you think.