https://twitter.com/elonmusk/status/1770570944987492513
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zerohedge
@zerohedge
·
Mar 20
Communist Elizabeth Warren, ("Democrat", Mass), is seeking to confiscate your capital with the Ultra-Millionaire Tax Act which confiscates capital, not income: it would confiscate 2% of household wealth worth $50 million to $1 billion and a 3% of worth more than $1 billion
Paul Graham
@paulg
·
Mar 20
Because it compounds, this tax would confiscate about 65% of a successful startup founder's equity: https://paulgraham.com/wtax.html
Elon Musk
@elonmusk
Transferring capital from highly efficient capital allocators (entrepreneurs) to highly inefficient capital allocators (government) would destroy the economy, making everyone worse off.
Btw, SBF’s father is Elizabeth Warren’s tax legislation advisor. Let that sink in.
https://foxnews.com/politics/sam-bankman-frieds-father-drafted-tax-legislation-elizabeth-warren-donated-thousands-dems.amp
10:59 AM · Mar 20, 2024
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