See Elon Musk daring response to democrats stronghold over billionaires enforced taxes

The South African born billionaire Elon Musk has launched a Twitter poll of over 60million followers, asking if he should sell 10% of his shares on Tesla.

The vote which later closed late Sunday could see the billionaire sell off over $21bn in stocks. Musk has promised to abide by the result of the pool in response to the “billionaire tax” proposed by the US democrats.

In his tweet, the billionaire stated that he “does not take a cash salary or bonus from anywhere” and so the only way he could pay tax was to sell his stocks.

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The Tesla chief executive owns more than $200bn worth of shares and is due to exercise options next year that will boost his worth even further, but leave Mr Musk with what he said would be a “massive” tax bill.

Under plans proposed by the Democratic Party in the Senate, billionaires could be taxed on “unrealized gains” when the price of their shares goes up – even if they do not sell any of their stock.

Elon Musk had previously responded to the Biden’s plan to task billionaires in order to finance his spending bill back in October, saying “Eventually they run out of other peoples money and then they come for you.”

The billionaire also said he had better plans for his money…

 

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