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Hi,
At the beginning of the pandemic, Elon Musk was worth $25 billion.1 Now he's worth nearly $300 billion -- but is waging a Twitter war with Bernie Sanders to avoid higher taxes.
After Bernie tweeted "We must demand that the extremely wealthy pay their fair share. Period," Musk spent the weekend responding by attacking Sanders for his age and for his refusal to respond to Musk's baiting tweets.2 This came just after Musk targeted Democratic Senator Ron Wyden for his support of a billionaires' tax, which Sanders, most Congressional Democrats, and huge majorities of the American people strongly support.
Musk is lashing out on twitter in a desperate attempt to stop Congress from taxing the rich. As negotiations on the Build Back Better package comes down to the wire, now is an urgent time to tell Congress to ignore Elon Musk and tax the billionaires.
Sign the petition: Demand Congress pass a wealth tax!
Elon Musk's net worth has fluctuated in recent weeks as Tesla's stock has slid. But he's still worth ten times as much as he was at the start of the pandemic. Lately he and Jeff Bezos have been trading positions as the world's richest man, and both of them are strongly opposed to a billionaire's tax.
Both Musk and Bezos know that a billionaire's tax is popular -- and could pass Congress at any moment. Just a few weeks ago, Elizabeth Warren got Kyrsten Sinema to agree to a plan to tax billionaires as part of the Build Back Better agenda, only for Joe Manchin and Nancy Pelosi to block it, for the time being.3
But as negotiations continue to finalize the Build Back Better plan, a billionaire's tax is still on the table. Even if it doesn't make it into this particular bill, it remains a wildly popular idea that could well make it into a budget plan in the near future. Which is why Elon Musk is so worried.
With a wealth tax we can take on the unprecedented power of the billionaires and help solve more problems down on planet Earth. We can't let Elon Musk or any other billionaire dictate public policy like this. It's time Congress heard from you, and not just from a billionaire with too much time on his hands.
Sign the petition: Demand Congress pass a wealth tax!
Thanks for taking action,
Robert and the team at Demand Progress
Sources:
1. Forbes, Net Worth of Elon Musk, November 15, 2021.
2. CNBC, "Elon Musk picked a Twitter fight with Bernie Sanders over tax policy," November 15, 2021.
3. Washington Post, "Democrats’ lofty tax agenda imperiled by resistance from within," November 11, 2021.
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