Musk's $ 50 billion Crisis: Common American Wealth and Crypto Taxation

Senate Finance Committee Chairman Ron Wyden, America's biggest reformer, on October 27 announced a tax return for the rich, which plans to tax the richest 700 people across the country . , and there are many reasons to extend the child support tax credit. Economist Gabriel Zucman views Musk's status as a bill, and the answer is that the demand would be taxed at $ 50 billion Musk over the next five years. This is obviously an astronomical number. Musk's current market value is around $ 288 billion, but $ 50 billion is not enough. That's 10 times Musk's profit this year.

Musk, of course, was furious and tweeted, “Finally, when other people's money goes down, they come to you. Private companies can do more than the government to control and distribute the money. Good.” And write down. This is an attempt to “sympathize” with other Americans and oppose the right to organize “unity” between them and others. In addition to the similar wealthy people who were really touched, the American public saw the excitement, and most elementary and secondary schools praised the measure.

Of course, the Democratic bill is a further development of the “American Commonwealth Highway”. Social solutions ?? Of course, the rich won't think so.

The United States is a chaebol country, and this law is too tough, and if it passes, it will take a long time and the final tax rate will drop dramatically. But Musk's strained relationship with Democrats gave him a "goal" to discuss the bill. Musk has good relations with the former Republican leader of Trump, but worse with the Democrats. Particularly in 2020, a pandemic prompted Musk and Democrats to blame themselves for forcing Tesla to shut down its manufacturing facilities and ban workers from the nationalist town of Fremont, Calif. . Swear words like "F * ck Musk" straight away. This discrimination is not confined to the region. In September, former Vice President Biden held a meeting with CEOs of electric car makers and CEOs of major companies in the region, but Musk was not invited. . The parties are right.

Musk announced at his annual meeting of business owners on October 21 that he would move Tesla's headquarters from Silicon Valley, Calif. To Austin, Texas, in the history of struggling with the Democrats. Millions of dollars in taxes in one year. To show his skeptical behavior, Musk sold himself to a luxury home in California and announced that he himself had left California to become a resident of Texas. As such, Musk's three big companies, Tesla, SpaceX and tunneling company Boring Company, have all come together in Texas, where snipe and clam compete for profits.

Of course, Musk himself isn't a good bird, but to avoid making too much of a living, he doesn't spend a dime of his salary and turns everything into product. He first came to Texas to avoid corporate income tax because California had a 13.3% net tax return while Texas had no investment income tax. According to the data received, Musk paid thousands of dollars in taxes in 2015 and 2017 through the declaration of tax returns, and did not pay taxes on government revenues in 2018. Immediately here that the Democrats have the power, Musk himself has become the richest man. in the world, and so its taxpayers have struck the happy medium, how can Democrats see this? ? Who doesn't?

Although the bill did not pass, Democrats often started with Musk, and he predicted that it would be difficult for Musk to pass without bloodshed. Initially, the United Nations Food Program asked Musk to use 2% of his fortune to save 42 million hungry people who could go hungry at any time. Musk said, "My plan is to use this money to send people to Mars. And to prevent memory loss." Similar words speak beautifully, but the dissatisfaction of many people is recorded, gradually creating images of the rich and the unjust, the greedy, the selfish and the foolish. In fact, this behavior has been around for a long time in the richest countries of Europe, except that Musk is the protector of the very important and the wealthy in other parts of the United States. .

Musk's data on the US's short-term gains, but also negative long-term ones. The short-term effect is that the United States often has protection for its elites, especially tax exemptions like Musk. Many international experts see the United States as an ideal country. In an emergency, they want to run away. United States of America, a global investment with resources to help America become a nation of peace. But the downside in the long run is that the rich pay less and the poor do not. The tax burden only extends to the average person. If this continues, what will happen to the middle class? The share of the middle class in the United States has fallen below 49% from 80% two years ago, proving that this improvement is not good.

Clearly, this situation is similar to the end of the Ming Dynasty in Chinese history. Historical knowledge shows that there is a danger in the fact that the middle and later stages of a dynasty will occur if the great powers do not uphold the right standards of finance and taxation. At the end of the Ming Dynasty, the Donglin Party continued? Can he? Can only provide answers.

This "hair-pulling" began with the Democratic Party's tax attempt on the musk rich. Financial instability has caused them so many times, I can't "draw the line" and look at the old red lines. The Blues have also seen cryptocurrency tax plans accelerate after the SEC approved Bitcoin Futures ETFs and other cryptocurrency benefit policies. Cryptocurrency tax and trade laws have been introduced, so even though the mosquito is small, it is fleshy. In particular, holding cryptocurrency and paying taxes is clearly unnecessary. This comparison is more damaging in the short term, as it is clear that holding US dollars is tax-exempt and holding cryptocurrency is tax-exempt.