Arab Press

بالشعب و للشعب
Friday, Sep 05, 2025

Elon Musk tweets he has better plans for his money that Dems want to take

Elon Musk tweets he has better plans for his money that Dems want to take

Elon Musk has already made it clear that he is no fan of Democrats' proposal targeting ultra-wealthy Americans for extra taxes.

Now, the Tesla CEO has revealed that he already has plans for the extra billions of his money that the Biden administration wants to put toward the president's massive social spending agenda.

03 September 2020, Brandenburg, Grünheide: Elon Musk, Tesla boss, comes to the construction site of the Tesla Giga Factory.


The proposal would tax the unrealized capital gains of billionaires and those who pull in $100 million or more of income three years in a row, and those impacted would be taxed on the appreciated value of assets like stocks and real estate even though they still own them.

The White House estimates the new taxes could put another $200 billion in government coffers over a decade. According to one report, a big chunk of that would be paid by Musk and Jeff Bezos, the founder of Amazon, who has traded off with Musk as wealthiest man on the planet.

SpaceX founder Elon Musk (left), Blue Origin founder Jeff Bezos (right).


The Washington Post's Christian Davenport tweeted Tuesday, citing one of the newspaper's articles, that "Musk would pay as much as $50 billion under the tax over its first five years, while Bezos could pay as much as $44 billion."

Davenport commented, "That could pay for a Mars mission."

In response, Musk tweeted Thursday, "My plan is to use the money to get humanity to Mars and preserve the light of consciousness."

Musk and Bezos are currently battling each other in a billionaires' space race with their respective competing aerospace firms SpaceX and Blue Origin. While many hail the entrepreneurs' efforts for advancing technology and sending more people outside the atmosphere, they have also faced criticism from those who believe their wealth would be better spent here on planet Earth.

While Democrats have other plans for the money, too, Musk warns that even if their plan passes, the government won't stop at squeezing just the wealthy for more.

He tweeted earlier this week, "Eventually, they run out of other people’s money and then they come for you."

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
×