In 2018, Elon Musk paid no federal taxes, can certainly afford to pay his fair amount of taxes if he can afford Twitter we urgently require a Billionaire Tax
On Monday, Twitter announced the sale of the firm to Tesla CEO Elon Musk for USD 44 billion. The announcement came after a flurry of Tweets from Twitter users expressing their displeasure with the contract, which they claim is dangerous to democracy.
Meanwhile, stockholders will receive USD 54.20 in cash for each share of Twitter stock they own, matching Musk’s original offer and representing a 38 percent premium over the stock price the day before Musk revealed his ownership in the company.
In less than a month, the Tesla and SpaceX CEO became one of Twitter’s largest shareholders, was offered and declined a seat on the board, and launched a bid to buy the firm.
This deal is dangerous for our democracy. Billionaires like Elon Musk play by a different set of rules than everyone else, accumulating power for their own gain. We need a wealth tax and strong rules to hold Big Tech accountable.
— Elizabeth Warren (@SenWarren) April 25, 2022
Elon Musk paid $0 in federal taxes in 2018.
If he can afford Twitter, he can damn well afford to pay his fair share in taxes. We need a Billionaire Tax NOW.
— Congresswoman Marie Newman (@RepMarieNewman) April 25, 2022
Elon Musk believes that Twitter has a lot of potential that has yet to be realized, and he expressed interest in working with the company and the Twitter community to realize that potential. Users continued to post harsh comments and statements on Twitter after his explanation, claiming it was a poor decision.