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2021-10-26 -Lurid Crime Tales-
US GOV: Let's grab all Elon Musk's Money!
[Twitter]


The Key phrase here is Unrealized Capital Gains - Because he hasn't sold ownership so he's never cashed out. The amount appears to be all his wealth.



Pelosi, Kyrsten Sinema
Posted by 3dc 2021-10-26 05:41|| E-Mail|| Front Page|| [11137 views ]  Top
 File under: Tin Hat Dictators, Presidents for Life,  

#1 The very definition of counting chickens before they hatch and killing the goose that lays the golden eggs all rolled into one. And all to make a better life for the George Floyds of the world.
Posted by M. Murcek 2021-10-26 06:04||   2021-10-26 06:04|| Front Page Top

#2 A young, energetic, well educated entrepreneur and philanthropist who understands math. He must be evil.
Posted by Besoeker 2021-10-26 06:38||   2021-10-26 06:38|| Front Page Top

#3 Well, you have Musk and Thiel on the one hand, tending their knitting and making the occasional sharp observation of society. Then you have Microdose Jack, Fat Boy Benoiff, Suckerpurge, Reed Hastings and other people who think their money gives them some special license to decide how you should live. Maybe billionaires should take a vow of silence.
Posted by M. Murcek 2021-10-26 06:48||   2021-10-26 06:48|| Front Page Top

#4 OTOH, the gummint could stop the subsidies it makes to Tesla and SpaceX. Let the screeching begin.
Posted by M. Murcek 2021-10-26 08:06||   2021-10-26 08:06|| Front Page Top

#5 Ref #4: Some things are better leased than purchased.
Posted by Besoeker 2021-10-26 08:13||   2021-10-26 08:13|| Front Page Top

#6 Hertz's 100K unit Tesla buy means I will get to drive one without owning it or interacting with Tesla sales staff. Call it Samhadi.
Posted by M. Murcek 2021-10-26 08:16||   2021-10-26 08:16|| Front Page Top

#7 Not to mention as well that the stock owners would get fucked as the value drops with the sale for the tax. Bye bye 401k value.
Posted by DarthVader 2021-10-26 09:51||   2021-10-26 09:51|| Front Page Top

#8 Only if you own it or let you broker buy it.
Posted by M. Murcek 2021-10-26 09:54||   2021-10-26 09:54|| Front Page Top

#9 It won't happen until Pelosi et al start majorly short-selling.
Posted by Glenmore 2021-10-26 10:13||   2021-10-26 10:13|| Front Page Top

#10 What's Paul Pelosi doing now? Where's he investing?
Posted by Merrick Ferret 2021-10-26 11:08||   2021-10-26 11:08|| Front Page Top

#11 would be more fair to simply alter the 'step up basis' rule and limit the amount of 1031 exchange holdings to, say $10M.

then the cap gains rate could be lowered a point or two with a net
Posted by Lord Garth 2021-10-26 15:06||   2021-10-26 15:06|| Front Page Top

#12 When a Democrat California senator gave Musk grief he moved to Texas. Not sure where he can go now, but I imagine he'll be a lot more involved in donating to strategic political campaigns in the future.
Posted by rjschwarz 2021-10-26 16:22||   2021-10-26 16:22|| Front Page Top

#13 I basically think Musk has made most of his money from being a Tax Farmer for various green schemes. This should be a warning to everyone: live by the left-wing swindle, die by the left wing swindle.
Posted by Thing From Snowy Mountain 2021-10-26 18:55||   2021-10-26 18:55|| Front Page Top

#14 Icarus Musk
Posted by Merrick Ferret 2021-10-26 20:46||   2021-10-26 20:46|| Front Page Top

17:40 swksvolFF
17:34 Ebbuger Whuque4103
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17:02 Melancholic
16:27 Gravilet Snanter4154
16:20 Chaise Speaking for Boskone7897
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15:46 Skidmark
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15:37 swksvolFF
15:36 Skidmark
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14:48 NoMoreBS
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14:04 swksvolFF
13:47 Regular joe
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