Elon Musk's warning of government spending and tax proposal for unrealized profits emphasizes the advantages of Bitcoin
A warning by Tesla and Space CEO Elon Musk before increasing public debt in the United States, the government spending and the proposal to tax unrealized capital gains, has highlighted the advantages of cryptocurrencies, especially Bitcoin. Elon Musk says: "Expenses are the real problem" Tesla boss Elon Musk made several tweets last week about US state debt and government spending. He also warned of the proposal to tax unrealized capital gains for billionaires, which was sunk on Friday under the question of whether it would be constitutional at all. Musk believes that the government would not stop at billionaires if the proposal is implemented. "At some point ...
Elon Musk's warning of government spending and tax proposal for unrealized profits emphasizes the advantages of Bitcoin
A warning of Tesla and Space-CEO Elon Musk before increasing public debt in the USA, the state issues and the proposal to tax unrealized capital gains, emphasized the advantages of cryptocurrencies, especially Bitcoin.
Elon Musk says: "Expenses are the real problem"
Tesla boss Elon Musk made several tweets about US state debt and government spending last week. He also warned of the proposal to tax unrealized capital profits for billionaires, which was sunk on Friday under the question of whether he would be constitutional at all.
Musk believes that the government would not stop at billionaires if the proposal is implemented. "At some point you will run out of other people's money and then they get you," he tweeted at the beginning of last week.
Comment on a Washington Post Article would pay while bezos could pay up to $ 44 billion, ”the Tesla CEO tweeted to its 61.7 million followers:“ According to their own estimates, this tax is only about 10 % of the $ 3.5 trillion output. Where do the other 90 % come from. ”
The Tesla boss further explained that US state debt is currently around $ 28.9 trillion or $ 229,000 per taxpayer, and claimed that even if all billionaires were taxed 100 %, this would only mean a small dent in debt number. "The rest must come from the general public," he emphasized. "This is fundamental math." Musk worked out:
The expenses are the real problem ... US federal debt/GDP was 56% in 2000, now it is 126% and rise quickly.
Musk's comments have attracted a lot of attention. At the time of the letter, his tweet was liked 34,000 times and retained 7,123 times.
Some people do not agree and accuse the Tesla billionaire not to understand and avoid taxes. "Has anyone declared Elon the creation of money?" one person tweeted.
Several pointed out that its companies are strongly subsidized by the government. One person wrote: "How, do you think, were you the richest man in the world? Could the $ 5 billion, which the US government gave you to found your company?" Another said: "SpaceX and Tesla only exist because of the government spending."
A third person admitted that "taxation is theft", said Musk: "You are a hypocrite ... First, pay back the billions of state subsidies you have received, and then you can argue against taxation."
"Bitcoin has become so valuable"
In the meantime, many people agreed with the problem of government spending and increasing public debt and explained that they were therefore in crypto. Marcelo Claure, CEO of the Softbank Group International, only replied: "Completely agreed."
lawyer John Deaton described: "The intentions of the politicians are so transparent. Classic Divide & Conquer strategy through the use of class struggle.
Coinbase CEO Brian Armstrong agreed and said: "Exactly-it has gone completely out of hand. If you continue to print to operate the debts and cover the deficit, this will speed up the transition to crypto."
The Mayor of the City of Miami, francis suarez tried to expand its city into a Bitcoin hub, interfered:
That is why Bitcoin has become so valuable. An unmanipulable currency/value storage.
on Sunday said Musk that he would sell his Tesla shares if the world hunger problem was solved. Answer to a Commentary of the Vereinated Nations (WFP), that 2% of his wealth Welthunger could solve, wrote Musk: "If WFP in this Twitter thread can describe exactly how 6 billion dollars solve the world hunger, I will sell Tesla warehouse now and do it." However, he emphasized: "But it has to be open source accounting so that the public sees exactly how the money is spent."
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