Hi,
Elon Musk was just named Time's Person of the Year for 2021 -- despite
a history of not paying federal taxes, and spending most of 2021 waging
war against efforts to tax the rich.
In 2018, Musk paid $0 in federal income taxes.^1 In 2021 he has seen his
net worth soar to nearly $300 billion, nearly ten times what he was worth
prior to the pandemic.^2 Yet he spent a lot of time on Twitter attacking
Bernie Sanders and other progressives for wanting to tax billionaires.^3
Huge majorities of the American people strongly support higher taxes on
billionaires.^4 As negotiations on the Build Back Better package continue,
now is an urgent time to tell Congress to tax Elon Musk and the
billionaires.
[ [link removed] ]Sign the petition: Demand Congress pass a wealth tax!
ADD YOUR NAME
Elon Musk's net worth has fluctuated in 2021 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, at
least for the time being.^5
But as negotiations continue to finalize the Build Back Better plan, a
billionaire's tax is still alive. 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 a
new magazine cover and too much time on his hands.
[ [link removed] ]Sign the petition: Demand Congress pass a wealth tax!
Thanks for taking action,
Robert and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. ProPublica, "The Secret IRS Files: Trove of Never-Before-Seen Records
Reveal How the Wealthiest Avoid Income Tax," [ [link removed] ]June 8, 2021.
2. Forbes, Net Worth of Elon Musk, [ [link removed] ]November 15, 2021.
3. CNBC, "Elon Musk picked a Twitter fight with Bernie Sanders over tax
policy," [ [link removed] ]November 15, 2021.
4. Data for Progress, "Taxing billionaires is enormously popular,"
[ [link removed] ]November 23, 2021.
5. Washington Post, "Democrats’ lofty tax agenda imperiled by resistance
from within," [ [link removed] ]November 11, 2021.
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