Early Edition with Kate Hawkesby
Katherine Firkin: US billionaires fume over President Joe Biden's tax plan
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:02:49
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Sinopsis
Elon Musk isn't happy. With a personal fortune that is flirting with US$300 billion, the Tesla CEO — the richest person on earth — has been attacking a Democratic proposal to tax the assets of billionaires like him. The idea behind the Democratic plan is to use revenue from a billionaires tax to help pay for a domestic policy package being negotiated in the US Congress that would, among other things, help combat climate change, provide universal prekindergarten and expand health care programmes. Musk, who recently blew past Amazon founder Jeff Bezos as the world Number 1 in wealth thanks to Tesla's soaring share price, would be liable for perhaps a US$50 billion tax hit under the Democratic proposal. Forget it, he says. "My plan," the SpaceX founder tweeted Thursday about his fortune, "is to use the money to get humanity to Mars and preserve the light of consciousness." Musk may well get his wish. Prospects for the billionaires tax appear to be dimming fast in Congress. The pivotal Senator Joe Manchin of West