Senator behind billionaires tax denounces Elon Musk Twitter poll stunt
theguardian.comAfter Elon Musk asked his Twitter followers to vote on whether he should sell 10% of his Tesla stock, the architect of the proposed billionaires tax that prompted the move dismissed the tweet as a stunt.
“Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” said Ron Wyden, an Oregon Democrat and chair of the Senate finance committee. “It’s time for the billionaires income tax.”
Wyden has led Democrats pushing for billionaires to pay taxes when stock prices go up even if they do not sell shares, a concept called “unrealised gains”.
Proponents of the tax say it would affect about 700 people, who would thus help pay for Joe Biden’s $1.75tn 10-year public spending proposal, which seeks
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