That policy would impact lawyers, doctors and movie/music stars mostly… Musk, Bezos don’t get paid that much, they get paid in stock. When they borrow billions against that stock it counts as debt and don’t get taxed.
Taxing Tesla and SpaceX would certainly impact Musk’s bottom line. Personal income is only one side.
There’s no single solution, but one thing you’ll find in every path to success includes the rich paying a larger share of the tax burden. there’s simply no way to have this much disparity between the richest and the poorest without inequities in the tax system.
That policy would impact lawyers, doctors and movie/music stars mostly… Musk, Bezos don’t get paid that much, they get paid in stock. When they borrow billions against that stock it counts as debt and don’t get taxed.
Totally solvable problems.
Taxing Tesla and SpaceX would certainly impact Musk’s bottom line. Personal income is only one side.
There’s no single solution, but one thing you’ll find in every path to success includes the rich paying a larger share of the tax burden. there’s simply no way to have this much disparity between the richest and the poorest without inequities in the tax system.