February 6, 2023
Elon Musk asks if he should sell 10% of Tesla to pay taxes on Twitter.  Users answer "yes"

Elon Musk asks if he should sell 10% of Tesla to pay taxes on Twitter. Users answer “yes”

São Paulo – Elon Musk, CEO and founder of Tesla, has moved Twitter again. Yesterday (6), the billionaire asked 62.5 million followers on the social network if he should sell 10% of his shares in Tesla. The question was asked by a poll that was kept on the air for 24 hours, and Musk stated that he would obey the outcome chosen by the majority.

Musk wrote, with a free translation: “Much has been said about unrealized gains as a form of tax evasion, so I am proposing to sell 10% of my shares in Tesla. Do you support this?”

The majority said yes: 57.9% of over 3.5 million respondents said they would support selling 10% of Musk stock for tax purposes.

In a series of letters, the businessman explained that he does not receive a salary or bonus from any company and only has shares. “In this way, the only way to pay taxes is to sell the shares,” he wrote.

The poll is the billionaire’s response to a proposal to tax billionaires in the US Congress. Musk is now the richest person in the world, according to the Bloomberg Billionaires Index, with an estimated fortune of $338 billion.

According to Reuters calculations, the sale of 10% of Musk’s shares would generate $21 billion.

Economist Gabriel Zucman, author of The Hidden Wealth of Nations: The Scourge of Tax Havens, mocked Musk’s writing to the poll, on the same social network, with a free translation: “Worried about the day the world’s richest person wears a Twitter poll. Don’t rely on a Twitter poll to pay your taxes” .

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Musk’s other disagreements

Last week, on the same social network, Musk responded to the director of the United Nations World Food Program (WFP), David Beasley. In an interview with CNN, Beasley claimed that a “small” help from some “ultra-rich” could solve the hunger problem of 42 million people by donating $6 billion – equivalent to 2% of Musk’s fortune. The South African billionaire responded via the social network, saying that he would sell some of his Tesla shares at that time if the United Nations World Food Program showed how he could eradicate world hunger with $6 billion, provided he had open source, so the public could see Exactly how the money is spent.

controversy result, Tesla stock has been appreciated more. The role was 8.48% estimate On the first day of November. The company’s stock has already risen in value by more than 59% since the beginning of last month and nearly 130% in the past 12 months. From January 2017 to date an estimate of 748% has been made.