Elon Musk only takes big leaps. It’s a reasonable bet that there’s no laddered, tax-free, municipal bond aspect to his investment portfolio. Musk is an enemy of government waste, not a subsidizer of it.
As he recently posted on X, when all is said and done he’ll account for $500 billion in federal taxes paid. Which is just so sad. Think about it.
Musk isn’t a high-living type, which means he mostly puts his untaxed wealth to work. Better yet, he takes impossible risks with his wealth not so he has more to spend, but so that he can take even bigger risks.
It’s worth thinking about this in relation to the taxes Musk expects to pay. What if he were taxed substantially less, as in what if the American electorate could grasp that a tax on Elon Musk is a tax on every American exactly because it provides the political class with hundreds of billions worth of central planning power.
Of course, much more important is that hundreds of billions worth of taxes paid by Musk represent hundreds of billions worth of intrepid, frequently impossible, information creating leaps not taken by Musk. Which would you prefer: Elon Musk matching his myriad ideas meant to create a better future with capital, or people like Donald Trump, Gavin Newsom, Chuck Schumer, Mike Johnson, and Hasan Jeffries allocating Musk’s wealth in politicized fashion? Hopefully the question answers itself. And no, it’s not political.
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