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-Lurid Crime Tales-
US GOV: Let's grab all Elon Musk's Money!
2021-10-26
[Twitter]


The Key phrase here is Unrealized Capital Gains - Because he hasn't sold ownership so he's never cashed out. The amount appears to be all his wealth.



Pelosi, Kyrsten Sinema
Related:
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Kyrsten Sinema: 2021-10-07 Facebook whistleblower accuses tech titan of ignoring foreign espionage operations
Kyrsten Sinema: 2021-10-06 Sen. Sinema harassed again during and after flight to DC
Related:
Pelosi: 2021-10-17 Illinois Dems unveil new congressional map Friday as Republican Kinzinger reviews his options
Pelosi: 2021-10-14 Just how did Nancy Pelosi build a $120mn fortune on a $223,000 annual salary?
Pelosi: 2021-10-14 Babbitt shooting: internal police docs reveal 'no good reason for shooting'
Posted by:3dc

#14  Icarus Musk
Posted by: Merrick Ferret   2021-10-26 20:46  

#13  I basically think Musk has made most of his money from being a Tax Farmer for various green schemes. This should be a warning to everyone: live by the left-wing swindle, die by the left wing swindle.
Posted by: Thing From Snowy Mountain   2021-10-26 18:55  

#12  When a Democrat California senator gave Musk grief he moved to Texas. Not sure where he can go now, but I imagine he'll be a lot more involved in donating to strategic political campaigns in the future.
Posted by: rjschwarz   2021-10-26 16:22  

#11  would be more fair to simply alter the 'step up basis' rule and limit the amount of 1031 exchange holdings to, say $10M.

then the cap gains rate could be lowered a point or two with a net
Posted by: Lord Garth   2021-10-26 15:06  

#10  What's Paul Pelosi doing now? Where's he investing?
Posted by: Merrick Ferret   2021-10-26 11:08  

#9  It won't happen until Pelosi et al start majorly short-selling.
Posted by: Glenmore   2021-10-26 10:13  

#8  Only if you own it or let you broker buy it.
Posted by: M. Murcek   2021-10-26 09:54  

#7  Not to mention as well that the stock owners would get fucked as the value drops with the sale for the tax. Bye bye 401k value.
Posted by: DarthVader   2021-10-26 09:51  

#6  Hertz's 100K unit Tesla buy means I will get to drive one without owning it or interacting with Tesla sales staff. Call it Samhadi.
Posted by: M. Murcek   2021-10-26 08:16  

#5  Ref #4: Some things are better leased than purchased.
Posted by: Besoeker   2021-10-26 08:13  

#4  OTOH, the gummint could stop the subsidies it makes to Tesla and SpaceX. Let the screeching begin.
Posted by: M. Murcek   2021-10-26 08:06  

#3  Well, you have Musk and Thiel on the one hand, tending their knitting and making the occasional sharp observation of society. Then you have Microdose Jack, Fat Boy Benoiff, Suckerpurge, Reed Hastings and other people who think their money gives them some special license to decide how you should live. Maybe billionaires should take a vow of silence.
Posted by: M. Murcek   2021-10-26 06:48  

#2  A young, energetic, well educated entrepreneur and philanthropist who understands math. He must be evil.
Posted by: Besoeker   2021-10-26 06:38  

#1  The very definition of counting chickens before they hatch and killing the goose that lays the golden eggs all rolled into one. And all to make a better life for the George Floyds of the world.
Posted by: M. Murcek   2021-10-26 06:04  

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