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On Twitter, Elon Musk's followers vote for him to sell 10% of his Tesla shares

2021-11-07T22:43:29.395Z


The billionaire pledged to sell these actions in a Twitter poll, provoking American Democrats who want to impose


He promised to submit to the result.

Elon Musk asked his Twitter followers on Saturday whether he should sell 10% of his shares in Tesla.

3.5 million of them voted between Saturday and Sunday and answered "yes" to 57.9%.

"I was ready to accept the result whatever it is," said the entrepreneur who regularly uses the social network to make unexpected announcements or surprising comments.

However, he did not specify when he intended to sell his shares, or how.

This poll is a way of taking a position in the public debate around Joe Biden's reforms and the proposals of certain Democrats who wish to tax the super-rich - Elon Musk being considered as the most fortunate on the planet, since the price of the title of Tesla flew away.

$ 21 billion ... taxed

By selling 10% of the shares he owns in Tesla, the American billionaire could theoretically recover just under $ 21 billion and pay taxes, unlike his current situation.

Indeed, the man who owned about 17% of Tesla's outstanding shares on June 30, essentially derives his fortune from stock market fluctuations in the companies in which he owns shares, Tesla, but also Space X or Neuralink.

Elon Musk therefore pays almost no income tax.

"I do not take salary in cash or bonus anywhere," he said yesterday, when his survey was announced. No salary, no income tax.

A privilege, according to the Democrats because only the wealthiest have the choice between a salary and shares of companies.

Some of the elected officials of the American left would therefore like to tax these assets, not at the time of their sale, but according to their value before they are transformed into liquidity, into current currency.

Unrealized capital gains

Imposing "the unrealized capital gains of billionaires" could make it possible to finance the huge investments of Joe Biden, investments of several billion euros to revive the United States after the Covid-19, and with a view to developing ecological and social transition.

The proposal was finally withdrawn from the Biden plan, without having left the public debate, evidenced by the poll of Elon Musk, which provokes to recall his opposition to the tax.

“They end up exhausting everyone else's money and come and get yours,” he said in another tweet at the end of October.

The communication operation is successful.

It remains to be seen whether he will keep his promise.

Source: leparis

All business articles on 2021-11-07

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