Ultra high taxes on unrealized gains. There are no taxes on unrealized gains presently, nor a wealth tax. Which is why if his wealth increases 2x, his taxation… just does not, unless Tesla pays him dividends or a salary.
If Elon had to live with a, say, 99% tax rate on anything above a billion dollars and it included his Tesla stock not just money he has for real, he’d be forced to sell, or go to jail for unpaid taxes.
Ultra high taxes on unrealized gains. There are no taxes on unrealized gains presently, nor a wealth tax. Which is why if his wealth increases 2x, his taxation… just does not, unless Tesla pays him dividends or a salary.
If Elon had to live with a, say, 99% tax rate on anything above a billion dollars and it included his Tesla stock not just money he has for real, he’d be forced to sell, or go to jail for unpaid taxes.
Why 99% and not 100%? Just to mock them.