The richest man on the planet had Twitter users vote on whether to sell ten percent of Tesla shares worth about $ 21 billion, about 458 billion crowns. Less than 58 percent of Musk’s followers were in favor of the “yes” option. The billionaire promised in advance that he would abide by the result of the vote.
By a possible sale of shares, Musk allegedly responded to criticism that he did not pay a fair share of taxes. The eccentric entrepreneur explained that he didn’t get any pay and the only way he could pay taxes was to sell the stock.
“There has been a lot of talk lately that unrealized gains are a means of avoiding taxes, so I propose to sell ten percent of my Tesla shares. Do you support it? ”He wrote on Twitter on Saturday, where he has over 62.5 million followers.
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Server CNBC however, he recalls that it may be just a cover-up. Musk spoke about his intention to sell a large package of Tesla shares in the last quarter of this year at a conference in Beverly Hills in September.
The entrepreneur also has a long history of controversial behavior on Twitter and some critics have even accused him in the past of spreading misinformation or manipulating stock exchanges. Only this year, with his contradictory statements, he helped the steep growth and subsequent fall of the most watched cryptocurrencies.
Hundreds of millions of dollars in securities have recently been sold by other current and former Tesla board members, including Musk’s younger brother Kimbal. This happened immediately after the company published record results for the third quarter and the value of its shares rose sharply.
Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll. It’s time for the Billionaires Income Tax. https://t.co/KFHw3VZ45H
— Ron Wyden (@RonWyden) November 6, 2021
Ms. Senator Ron Wyden, who is pushing for a new billionaire tax, condemned Mukek’s plan to let the sale of shares be decided by Internet users. “Whether or not the richest man in the world should pay taxes should not depend on the outcome of the Twitter survey,” Wyden said.
According to Bloomberg, Elon Musk’s current assets are worth $ 338 billion. Tesla’s boss is expected to pay more than $ 15 billion in taxes this year.
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