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Augie Ray
Augie Ray
@augieray@mastodon.social  ·  activity timestamp 2 hours ago

Elon Musk's net work is at least $670 billion.

If we implemented a 1% wealth tax, the US would collect $6.7 billion from this one man alone. Elon would still be the wealthiest person in the world.

To put that into perspective, the bottom 50% of wage earners in the US pay $63 billion in federal taxes.

A 1% wealth tax on this one individual would support the US government as much as the taxes collected from 8 million modest earners.

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