Is there anything worse than being a piece of shit human being? Musk would be that x100.
Elon doing everything he can to demonstrating that the ultra rich need to be taxed. He sure has a lot of time to shit post for someone that supposedly runs 3 major companies.
musk might have to sell tesla shares to pay for twitter. if he does he will possibly lose controlling interest of tesla.
The ultra rich are taxed on their income and capitol gains. I assume that you want their assets and unrealized gains taxed. I'd be curious to see how that would work.Elon doing everything he can to demonstrating that the ultra rich need to be taxed. He sure has a lot of time to shit post for someone that supposedly runs 3 major companies.
That worked out really well for Hong Kong.Now this fucking piece of shit asshole is suggesting trying to give some control of Taiwan and Taipei to China
Elon Musk proposes solution to ease tensions between Beijing and Taiwan
The Tesla boss suggested that friction could be resolved by handing over some control of Taipei to Beijing.www.scmp.com
The ultra rich are taxed on their income and capitol gains. I assume that you want their assets and unrealized gains taxed. I'd be curious to see how that would work.
What a maroon. There was a point in time decades ago when re-unification wasn't impossible, or implausible. As time passes, the likelihood pretty much drifts to zero (short of a military invasion). The Taiwanese have zero interest in becoming another Hong Kong (RIP).Now this fucking piece of shit asshole is suggesting trying to give some control of Taiwan and Taipei to China
Elon Musk proposes solution to ease tensions between Beijing and Taiwan
The Tesla boss suggested that friction could be resolved by handing over some control of Taipei to Beijing.www.scmp.com
he still owns the most out of individual investors, that number varies from all the reporting (17-22% from ~25% previously) but that and tesla's company rules on supermajority voting means you need 85% of the shareholders to vote for something in order to make any big changes. so he can block anything he doesnt want from happening.Irrelevant. He doesn't technically have controlling interest now.
But unless he went completely nuts and planned to switch Tesla from electric cars to making hot air balloons, there is ZERO chance of a vote going against him.
he still owns the most out of individual investors, that number varies from all the reporting (17-22% from ~25% previously) but that and tesla's company rules on supermajority voting means you need 85% of the shareholders to vote for something in order to make any big changes. so he can block anything he doesnt want from happening.
How Elon Musk controls Tesla with only a minority stake
Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.www.thestreet.com
They aren't taxed enough on income and especially not realized capital gains. But as has been discussed here many times, he lives off his "unrealized" Capital gains by taking loans against them. I believe this should be taxed as a realized gain. As soon as you directly benefit from the gain, it has been realized.The ultra rich are taxed on their income and capitol gains. I assume that you want their assets and unrealized gains taxed. I'd be curious to see how that would work.
Rules on corporate governance really need to change.he still owns the most out of individual investors, that number varies from all the reporting (17-22% from ~25% previously) but that and tesla's company rules on supermajority voting means you need 85% of the shareholders to vote for something in order to make any big changes. so he can block anything he doesnt want from happening.
How Elon Musk controls Tesla with only a minority stake
Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.www.thestreet.com
Yep, every fucking penny because they live on those unrealized gains.The ultra rich are taxed on their income and capitol gains. I assume that you want their assets and unrealized gains taxed. I'd be curious to see how that would work.
Every dime of assets over $1B USD taxed at 100%. Unrealized gains untouched, but again, all realized assets taxed at 100% over $1B USD. No inheriting of unrealized assets. Cash out or return to sender.The ultra rich are taxed on their income and capitol gains. I assume that you want their assets and unrealized gains taxed. I'd be curious to see how that would work.
This guy gets more dangerous by the day
EDIT: Also it should be strictly illegal to use unrealized assets as collateral. Fake money is fake money, whether it's unrealized gains, BTC, or beany babies.
Well that is exactly how the Uber wealthy live like kings while paying less taxes as a percentage of their income than any regular middle class person.I had no idea that was even a thing! It definitely should be illegal. I don't agree with taxing unrealized gains as it would hurt the little guy more but there absolutely should be measures that prevent rich people from using it as collateral or other benefit.
Also need to get rid of property tax imo. Municipal funding should come from provincial taxes. We already pay more than enough via income tax, sales tax, gas tax etc. Heck the entire tax system should change, we should only pay 1 flat 10% income tax and that's it and even the rich should have to pay it. Get rid of everything else. But that's another topic.
So taking out a loan using your real property that's appreciated as colleterial would be off the table?Every dime of assets over $1B USD taxed at 100%. Unrealized gains untouched, but again, all realized assets taxed at 100% over $1B USD. No inheriting of unrealized assets. Cash out or return to sender.
That's where I'd start.
EDIT: Also it should be strictly illegal to use unrealized assets as collateral. Fake money is fake money, whether it's unrealized gains, BTC, or beany babies.
I think the standard should be it’s either money you have or it isn’t. If you can use it for loans it is taxable. If you can’t, then not.So taking out a loan using your real property that's appreciated as colleterial would be off the table?
It should be done progressively so that people of a certain wealth, as in middle class folks, don't pay taxes on home equity loans, but the very wealthy should pay on loans on all unrealized assets because that is how they skate the system.I think the standard should be it’s either money you have or it isn’t. If you can use it for loans it is taxable. If you can’t, then not.
I imagine you’re referring to homes here but their appreciation is taxed through periodic reassessments. Of course prop 13 screws with that but that’s another reason it should be repealed.