Elon Musk is furious over Bernie sanders comment that extremely wealthy should pay their share to help the community. However, this has rubbed Elon Musk wrongly. He has been commenting on Bernie’s post since morning. He has written how much more should I dilute my company to 53%. Even fans are somewhat divided over it.

Here is a complete transcription of what has happened since morning :

Eon Musk wrote: Ok, how much do you think is fair? Does 53% seem reasonable?

Twitter User Wrote: What do you think of a tax structure where there’s only a sales tax? So that rich folks who buy a lot of stuff would get the largest tax burden, and low-income families who don’t buy much would pay the least This would punish extravagant purchases instead of capital-building

Elon Musk Wrote: Agreed, taxes are best applied to (especially extravagant) consumption, whereas capital allocation taxes reduce goods & services output, so actually bad for the people. Probable capital allocation skill of heirs is lower than original creator, so I am in favor of an estate tax.

Tesla Silicon Valley CLub Wrote: Yeah if you are told to sell your stocks just to pay taxes then you could lose majority share in Tesla right ?

Elon Musk Wrote: I had majority control for the first 5 years or so of Tesla, but car companies need lots of capital, so now I’m around 20% or so, despite putting in as much as I could along the way

Pranay Pathole Wrote: And since you give all Tesla employees shares, your ownership is automatically diluted

Elon Musk Wrote: Yes, that is the other major source of dilution. All employees receive stock after a year at Tesla and we now have over 100,000 employees worldwide.

And since you give all Tesla employees shares, your ownership is automatically diluted

— Pranay Pathole (@PPathole) November 15, 2021

There has always been a discussion that the wealthy should pay their share to help the poor. But taxing only the rich will not help. According to Elon Musk where that Tax money is going should also be checked at all times.

The post “how much do you think is fair? Does 53% seem reasonable?” Elon Musk over Bernie Sanders Comment appeared first on The Tech Outlook.

In his latest back-and-forth with self-described democratic socialist Sen. Bernie Sanders, Tesla CEO Elon Musk dismissed Sanders’ demands that the wealthy “pay their fair part.”

Musk tweeted to Sanders on Sunday morning, “I keep forgetting that you’re still alive.”

The post was in response to Sanders’ Saturday tweet, in which he stated, “We need to insist that the super-rich pay their fair share. Period.”

Musk has a net worth of $294 billion dollars.

Musk’s tweet elicited no instant response from Sanders’ press office, according to The Tech Outlook.

On Twitter, the two have previously feuded about taxes, with Sanders saying in March that Musk should “concentrate on Earth” rather than space travel and figuring out “a progressive tax system.”

You can also read Why Elon Musk Wrote “I keep forgetting that you’re still alive”

“We are living in a time in American history when two men, Elon Musk and Jeff Bezos, hold more money than the lowest 40% of the population. That amount of selfishness and inequity is not only unethical but also illegal. It can’t go on forever “On March 18, Sanders sent out a tweet.

Musk, who also owns the aerospace firm SpaceX, later tweeted that he is using his fortune to help humanity explore space.

On March 21, Musk tweeted, “I am accumulating resources to help make life multi-planetary and extend the light of consciousness to the stars.”

“Space travel is a fascinating concept, but for the time being, we must concentrate on Earth and develop a progressive tax structure to ensure that children do not go hungry, people do not become homeless, and all Americans have access to healthcare. Inequality in America is disgusting, and it poses a threat to our democracy “Sanders retaliated.

The post Why Bernie Sanders is having a feud with Elon Musk?; Details Inside appeared first on The Tech Outlook.

Elon Musk on Sunday tweeted in a response to Bernie Sanders’s tweet that I keep forgetting that you’re still alive. Bernard Sanders is an American politician and activist who has served as the junior United States senator from Vermont since 2007 and as the state’s at-large congressional district’s representative from 1991 to 2007.

Elon Musk recently helps a poll, in which he asked whether her should sell his share of Tesla. After the poll came out he did so to a tune of around 2 .5 billion dollars worth.

After this Elon Musk further wrote that do you want me to sell more of my stock in tesla Bernie. Bernie Sanders wrote on his Twitter wall that We must demand that the extremely wealthy pay their fair share. Period. This enraged Elon Musk to a level that he wrote that I keep forgetting that you’re still alive

I keep forgetting that you’re still alive

— Elon Musk (@elonmusk) November 14, 2021

Want me to sell more stock, Bernie? Just say the word …

— Elon Musk (@elonmusk) November 14, 2021

The post Elon Musk enraged after Bernie Sanders tweet; asked him whether he should sell more Tesla stock appeared first on The Tech Outlook.