Billionaire Elon Musk strongly criticized President Biden’s recent proposal to increase taxes on the wealthiest Americans, suggesting that the president would not want to upset his wealthy campaign donors. Musk expressed his agreement with the idea of making complex tax-avoidance schemes illegal but doubted that any action would be taken due to political considerations. He argued that the burden of excessive government spending would fall on lower to middle income earners who cannot evade payroll tax. In a cheeky tweet, Musk even questioned whether Biden had control over his own Twitter account, jokingly asking for the password. Biden has been advocating for a billionaires’ tax since taking office, emphasizing that the ultra-rich should pay their fair share. Despite Musk’s disapproval, Biden has remained firm in his stance. Musk, who plans to support Republican candidate Ron DeSantis in the 2024 election, has been openly critical of Biden’s tax proposals. He has previously stated that his companies, SpaceX and Tesla, may not have survived if a wealth tax had been implemented in 2008. Additionally, Musk has clashed with liberal figures like Senator Elizabeth Warren over taxation, famously referring to her as “Senator Karen” during a heated online exchange over his tax bill.
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