Tuesday, December 14, 2021

Elon Musk

You know who's gracing the cover of Time Magazine as their "Person of the Year"? A poster child for how our rigged tax code lets billionaires pay hardly any taxes at all. Let's take a spin through some of his greatest hits:
Warren Democrats

Danielle,

This year, so many people have worked so hard to help our communities get through this pandemic.

Doctors. Nurses. Scientists, researchers, everyone who's gotten vaccines into arms. Educators and staff who've gotten kids safely into school. All the people who've taken care of loved ones, gone to work day after day, and pitched in to keep our country running.

But you know who's gracing the cover of Time Magazine as their "Person of the Year"?

Elon Musk — a poster child for how our rigged tax code lets billionaires pay hardly any taxes at all. Let's take a spin through some of his greatest hits:

  • In 2018, he paid zero dollars in federal income taxes.
  • From 2014 to 2018, he got $13.9 billion richer but only paid 3.27% of that new wealth in taxes.
  • During the first year of the pandemic, he got about $143 billion richer while millions of Americans struggled to put food on the table and keep a roof over their heads.

When someone makes it big in America — millionaire big, billionaire big, Person of the Year big — part of it has to include paying it forward so the next kid can get a chance, too.

So I've got a plan to make Elon Musk and ultra-millionaires and billionaires like him pay their fair share: a wealth tax on fortunes greater than $50 million. That way, the richest of the rich can't avoid a tax bill by doing fancy accounting with their income.

Let's change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else. I'm in this fight to make our country work for everyone — not just a thin slice at the top. But we're only going to make big, structural change if we fight side by side. 

If you can, chip in now to help support our campaign and grow our movement. Let's make the rich and powerful finally pay their fair share so we can invest in all of our families.

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Thanks for being a part of this,

Elizabeth

 

 

 


 

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