With the Biden-Harris regime and the globalist elites tanking the economy and going after Americans’ wealth and retirement, it behooves us to move to Gold or Silver IRAs or purchase physical precious metals.
Elon Musk made a bold claim on Twitter on Tuesday. The Tesla founder said he would “pay more taxes than any American in history this year.”
Is the claim true? Only the IRS knows for certain who the largest taxpayer in US history is, but Forbes says Musk appears to be right.
“The eccentric billionaire (and the world’s richest person) likely owes the federal government at least $8.3 billion for 2021,” Forbes reports.
Business Insider projects Musk’s tax bill is even higher when state taxes are included.
Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.
“Taxes on his stock, nearly a billion in Net Investment Income Tax, and the billions he likely owes California could add up to about $12 billion in total,” report Jason Lalljee and Andy Kiersz.
CNBC, meanwhile, figured Musk’s total tax bill was even higher—$15 billion.
The bulk of Musk’s tax bill stems from the nearly $13 billion in Tesla stock sold as of December 13, which is even larger than the record $10.2 billion worth of Amazon stock Jeff Bezos sold last year.
Elon Musk will pay over $15,000,000,000 in taxes this year, the most in American history.
— Jeff 💙✌️ (@JeffTutorials) December 15, 2021
Freeloading Off Everyone Else?
Whatever Musk’s tax bill ends up being, it’s worth examining the context of his claim. Musk was not bragging that he had the largest tax bill in history; on the contrary, he was responding to Sen. Elizabeth Warren, who—somewhat unfathomably—lashed out at Musk for not paying his fair share of taxes.
“Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else,” Warren tweeted.
Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else. https://t.co/jqQxL9Run6
— Elizabeth Warren (@SenWarren) December 13, 2021
You read that correctly. Warren, the progressive lawmaker from Massachusetts, called Musk a freeloader. It’s possible that Warren didn’t know that Musk is set to pay more in taxes than any American—perhaps human being—in history, but it’s more likely she simply does not care and is comfortable peddling the fiction that Musk isn’t paying taxes. Warren made this clear in subsequent remarks after Musk had responded to the Senator.
“He’s the richest guy in the world, and he just doesn’t want to pay taxes,” Warren said. “That’s what it’s all about for me.”
Don’t run out of coffee during the apocalypse. Stock up on delicious coffee that’s freeze-dried and sealed to keep it fresh for decades.
“I gotta say, on behalf of every school teacher who pays taxes, on behalf of every waitress who pays taxes, on behalf of every American citizen who goes out and works for a living and pays taxes …that’s just fundamentally wrong. We have a broken tax system that lets Elon Musk freeload off everyone else, and it needs to stop.”
Warren’s claim that Musk is a “freeloader” is preposterous, of course. Taking the lowest estimate on what Musk is expected to pay, he’ll cough up more in taxes than the entire state of Massachusetts collected in sales and use taxes through the first half of 2021—from its 7 million residents.
Moreover, unlike Warren, who collects a salary from the government, Musk earned much of his wealth by creating value. Tesla employs nearly 80,000 people who’ve built no fewer than 623,000 energy-efficient cars in 2021 alone. Its market cap is nearly $1 trillion, which has made untold numbers of Tesla employees and shareholders wealthy. Warren, on the other hand, creates nothing. Every dollar of her $174,000 salary—and the money she pays her staff with—comes from funds confiscated from taxpayers. Every dollar she authorizes to be spent was taken from someone else who earned it.
Musk’s success should be applauded, but instead Warren—the true freeloader—accuses him of “freeloading” and believes he should be paying more.
A Philosophy Built on Envy
What really appears to bother Warren is that Musk has so much. In other words, it’s a politics rooted in envy.
Envy is considered one of the Seven Deadly Sins, and for good reason. It’s a corrosive disposition that harms both individuals and societies. The celebrated philosopher Immanuel Kant described envy as,
“…a propensity to view the well-being of others with distress, even though it does not detract from one’s own. [It is] a reluctance to see our own well-being overshadowed by another’s because the standard we use to see how well off we are is not the intrinsic worth of our own well-being but how it compares with that of others. [It] aims, at least in terms of one’s wishes, at destroying others’ good fortune.”
The pre-Socratic philosopher Democritus (c. 460 BC – c. 370 BC)—in a wonderfully libertarian quote—once warned of the danger of envy and purpose of the law.
“[Just] laws would not prevent each man from living according to his inclination, unless individuals harmed each other; for envy creates the beginning of strife,” he wrote.
Strife is precisely what Warren and those who share her philosophy are sowing, and it’s clear she and others view Musk’s good fortune with distress. If that’s not envy, I don’t know what is.
Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune.
Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller, The Federalist, the Epoch Times.
This article was originally published on FEE.org. Read the original article.
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our new GiveSendGo. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Truth Based Media
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC