Hi,

Last week, Tesla shareholders voted to give Elon Musk a $56 billion pay
package.^1 The rich just keep getting richer.

The collective wealth of America’s billionaires (including Elon Musk and
Jeff Bezos) has grown to $5.2 TRILLION.^2 Wealth inequality has been
skyrocketing for years and only got worse during the pandemic, when the
richest 1% of Americans increased their wealth by $15 TRILLION.^3

If Congress doesn’t act to tax the rich, it’s a threat to our democracy
and every single one of the social programs we rely on: Social Security,
Medicare, Medicaid, the fight against climate change, public education,
and so much more.

[ [link removed] ]Sign the petition: Tax Elon Musk! Congress must pass legislation to
make the rich pay their fair share in taxes.

ADD YOUR NAME

Musk gets to benefit two times over from a broken American tax system.
First, from low corporate taxes and tons of loopholes. Tesla paid no
federal income taxes between 2018 and 2022 while paying executives $2.5
billion over five years.^4

The 2017 Trump tax cuts have helped corporations like Tesla get rich and
executives like Musk get their giant $56 billion pay packages. Congress
must act to ensure the richest Americans pay more taxes on their millions
and billions of dollars.

[ [link removed] ]Add your name: Tax the rich now! Make Elon Musk pay more in taxes.

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. NBC, “Elon Musk wins Tesla shareholder vote for $56 billion pay
package,” [ [link removed] ]June 13, 2024.
 2. Americans for Tax Fairness, “U.S. Billionaires Now Worth a Record $5.2
Trillion,” [ [link removed] ]November 30, 2023.
 3. CNBC, “The wealth of the 1% just hit a record $44 trillion,” [ [link removed] ]March
28, 2024.
 4. Yahoo, “Tesla paid no federal income taxes while paying executives
$2.5 billion over five years,” [ [link removed] ]March 13, 2024.

 
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