Elon Musk and Sen. Elizabeth Warren may be the best examples of maker and taker. They’re the stars of my video this week. Warren shouts, "Tax the rich!" She especially wants to tax Musk, the richest man in the world.(RELATED:JOHN STOSSEL: Leave It To The ’Experts’ To Follow California Off A Cliff)
In her eagerness to grab his money, she spun a scandal in the media, claiming Musk paid no taxes. She went on TV again and again to tell people that in 2018, "He paid zero! It was true. In 2018, Musk paid no federal income tax. But that was only because his pay was entirely in the form of "stock options," and that year, they gave him no income.
But at the very moment Warren launched her "zero-tax" screed, Musk was paying the U.S. government $12 billion— more tax than anyone has ever paid in history. Warren didn’t mention that.