#billionaire-taxation-policy

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Silicon Valley
fromFortune
2 days ago

Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you're $3,000 richer | Fortune

Elon Musk and Bernie Sanders use identical federal debt mathematics to justify opposite tax positions on billionaires, with Musk opposing wealth taxes and Sanders proposing a 5% annual wealth tax generating $4.4 trillion over ten years.
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