Actually, I would love to pay $6 Billion in taxes. It would mean I was filthy rich and probably paying a lower effective rate than I do now.
I will always think social media (and political message boards ) are bad for people. But Elon Musk buying Twitter and making it a more open platform (if that’s what he wants) would be good for the country.
Honest question. Elon has about 150000 employees in the US. He is our only way to get astronauts to the space station. He has almost single-handedly started the automotive change over away from gasoline. I think he should pay taxes that the government will piss away somehow, but isn't his companies being in the USA really the benefit here.
The benefit is the USA. There are numerous reasons foreigners make the choice to create their business here in the USA over their home countries. He, as an adult, made the choice to establish his companies here, instead of South Africa because of what our country could provide him to help him reach his potential. The least he could do, is pay taxes to the country that helped him succeed.
Yeah, I knew that as soon as I saw the offer. No individual has $43 billion in liquid assets to offer to buy a company. Even if he theoretically could find assets to equal that amount, he would need to overpay by a bunch more due to his excessive tax bill in cashing in all of those assets. He has moved from edgelording on Twitter to edgelording in Twitter's headquarters.
That didn't answer my question. In my question I stated he should pay taxes but don't we get a lot of benefit from his companies being here?
Even if I were to try to fudge the numbers on this and average their net income for the last 4 years (they lost money the last two years and every other year other than 2018-2019) and accounting for the lack of investing discipline in Silicon Valley, you really think that somebody is going to pay 131x annual net income multiplier for this company after it has been around for like 15 years? If they do, hahaha, that is some dumb money...
Elon is many things but high on the list is a publicity hound. I’d bet he’ll do whatever action garners the most attention. My favorite Elon moment:
Gab, Gettr, Truth Social--all failures. They know they need to grab an established name and make it their own. A place where the Russian bots and the green frog avatars can run wild.
