East Africa News Post

Complete News World

Elon Musk says he plans to invest money Democrats want to tax in missions to Mars

Elon Musk says he plans to invest money Democrats want to tax in missions to Mars


October 28, 2021, 17:05 GMT

Senators assess a 23.8% tax on profits held in large stock portfolios.

Elon Musk, the world’s richest person, has stated that he intends to use his money “to lead humanity to Mars and Preserves the light of consciousness“While Congress is considering taxing billionaires, the measure is first of all the responsibility of the CEO of SpaceX.

Musk’s comment was published on his Twitter account in response to a tweet by Washington Post reporter Christian Davenport, in which the journalist noted that the money Democrats are trying to raise from the South African-born businessman and second-richest person on Earth, Jeff Bezos, will reach the Red Planet mission.

The reporter said that Musk will pay about 50 thousand dollars in the first five years because of that tax, while his competitor in space tourism will pay 44 thousand million.

Bloomberg Billionaires Index rated Musk’s fortune $292 billion And Bezos 196000 million.

The draft is being prepared by Democratic senators will impose a 23.8% tax Unrealized capital gains — earnings held in large pools of stocks — for people with more than $1 billion in assets or who release income of more than $100 million in three years.

If the rule is approved, it will only affect several hundred taxpayers, and half of the tax will be paid by Top 10 Richest Citizensincluding Bill Gates, Mark Zuckerberg and Warren Buffett.

See also  Cuba will keep accounts in convertible pesos until December 2022

It is estimated that the tax will generate between $200,000 and $500,000 million in 10 years, which will go to the Joe Biden administration’s social spending program.

If you like it, share it with your friends!