Posts
Elon Musk
@elonmusk · Nov 17, 2021
12 million pounds of thrust at liftoff
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Elon Musk
@elonmusk · Nov 16, 2021
Replying to @BillyM2k
Indeed. Over time, Tesla will generate hundreds of billions for the government in terms of employee income tax, product sales tax and property tax, in addition to profit taxation.
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Dave Lee
@heydave7 · Nov 16, 2021
If we bump up the estate tax in the U.S. to 50% (which I think is likely in coming years), then out of the 101 million shares (from Elon's 2018 compensation plan) the government will end up taking 74.4 million shares (or 73.6%)... nearly 3/4.
Elon Musk
@elonmusk · Nov 16, 2021
Accurate thread
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Ryan Zohoury
@RyanZohoury · Nov 15, 2021
Any update on new superchargers planned for LA @elonmusk? I have to wait in this line every week in Santa Monica. @Tesla @TeslaCharging #Tesla
Elon Musk
@elonmusk · Nov 16, 2021
We are waiting for permit approval from Santa Monica
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FutureIsTesla
@FutureIsTesla · Nov 16, 2021
Elon, how long are you going to spend on this thread?
Elon Musk
@elonmusk · Nov 16, 2021
I like to dig my grave real deep 🤣🤣
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Michael Romose
@michaelromose · Nov 15, 2021
No, he’s saying: I just paid a shirtload of taxes, I don’t care, I’m not doing this for money. Still not convinced? I’ll pay more. Get off my case.
… but it seems to have backfired a little.
Elon Musk
@elonmusk · Nov 16, 2021
Exactly
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Bloomberg
@business · Nov 15, 2021
Michael Burry believes Elon Musk doesn't need cash, he just wants to sell Tesla's stock trib.al/kuo2VJy
Elon Musk
@elonmusk · Nov 15, 2021
Burry is a broken clock
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Christian Davenport
@SpaceDavenport · Nov 15, 2021
The FAA expects to conclude its Environmental Assessment by Dec. 31, 2021 for the SpaceX Starship/Super Heavy Launch Vehicle Program at the SpaceX Boca Chica Launch Site in Cameron County, Texas | Permitting Dashboard cms.permits.performance.gov/permitting-pro…
Elon Musk
@elonmusk · Nov 15, 2021
The hard work by FAA, US Fish & Wildlife and Texas Parks & Wildlife is much appreciated, as well as the strong local support from Cameron County and Brownsville / South Padre!
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Elon Musk
@elonmusk · Nov 15, 2021
Replying to @BillyM2k
Normal money is actually a bunch of ancient mainframes running cobol in batch mode, where govt can edit money database whenever they want
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Paul
@Paul49787 · Nov 15, 2021
Sales taxes usually exclude essential items and some provide credits to low income earners. Take the GST in Canada for example.
Elon Musk
@elonmusk · Nov 15, 2021
Exactly
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Pranay Pathole
@PPathole · Nov 15, 2021
And since you give all Tesla employees shares, your ownership is automatically diluted
Elon Musk
@elonmusk · Nov 15, 2021
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.
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MyAlteredEgo
@MyAlteredEgo · Nov 15, 2021
Eh, the real cause is the basis step-up at death. I can't see any reason this whole loophole should exist -- hold appreciated stock, borrow against it, die with your heirs paying no tax on the appreciation.
Of course that only works well when rates are really low, like now.
Elon Musk
@elonmusk · Nov 15, 2021
That loophole does seem questionable
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Tesla Owners Silicon Valley
@teslaownersSV · Nov 15, 2021
Yeah if you are told to sell your stocks just to pay taxes then you could lose majority share in Tesla right ?
Elon Musk
@elonmusk · Nov 15, 2021
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
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💸💸💸
@itsALLrisky · Nov 15, 2021
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
@elonmusk · Nov 15, 2021
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.
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Sir Doge of the Coin ⚔️
@dogeofficialceo · Nov 15, 2021
Bernie needs a prescription
Elon Musk
@elonmusk · Nov 15, 2021
Regretamine, it’s like a 100% tax on all your regrets!
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Elon Musk
@elonmusk · Nov 15, 2021
How do we know he hasn’t been kidnapped by aliens!?
Elon Musk
@elonmusk · Nov 15, 2021
His stance on ketamine was bold
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𝔇𝔞𝔫𝔞 🌞
@daelmor · Nov 15, 2021
He's never responded to anyone on Twitter before. He doesn't actually care...
Elon Musk
@elonmusk · Nov 15, 2021
How do we know he hasn’t been kidnapped by aliens!?
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Sen. Bernie Sanders
@SenSanders · Nov 13, 2021
We must demand that the extremely wealthy pay their fair share. Period.
Elon Musk
@elonmusk · Nov 15, 2021
Ok, how much do you think is fair? Does 53% seem reasonable?
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Blockworks
@Blockworks · Nov 15, 2021
Purchasing power of $100 over time:
1950 - $100
1960 - $80.41
1970 - $61.34
1980 - $28.88
1990 - $18.21
2000 -$13.82
2010 - $10.91
2021 - $8.7
In 70 years, $100 dollars lost 91.3% of its real value
Elon Musk
@elonmusk · Nov 15, 2021
Inflation is the most regressive tax of all, yet is advocated by those who claim to be progressive
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Elon Musk
@elonmusk · Nov 15, 2021
Due to inflation 420 has gone up by 69
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