The world’s richest man is not happy over the billionaire tax proposal being floated as a means to finance the Biden administration’s “Build Back Better” infrastructure agenda.
What Happened
Tesla Inc. CEO Elon Musk shared his displeasure over the proposed tax following a tweet by Washington Post reporter Christian Davenport, who observed that “Musk would pay as much as $50 billion under the tax over its first five years,” which he equated with the cost of a space mission to Mars.Musk responded to Davenport in a tweet: “According to their own estimates, this tax only covers ~10% of the $3.5 trillion spending bill. Where will the other 90% come from? The answer is you.”
