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Musk has sold billions in stock at this point, so this whole "it's stock that's increased in value independent of Musk" line of thinking is a bad misdirection.

• spullara 4y ago
  And every time he has sold he has paid huge taxes on those sales.
  • azinman2 4y ago
    It’ll entirely be long term gains, so I wouldn’t say huge as a percentage. I would also venture all kinds of other things are being written off to reduce the tax burdens. Typically people like Musk don’t sell stock but use it as collateral to take out low interest loans, which avoids taxes.
  • xdennis 4y ago
    It should be payed every year, not just when sold. Joe Nobody pays property taxes every year, not just when he sells his meager house.
  • BobbyJo 4y ago
    Yes, but how much? Most of the rich pay taxes, but how much "should" they pay? Should someone worth 100M pay higher income taxes than someone worth 1M if they make the same income in a given year? Should there be a "limit" on the amount of wealth one can transfer in a given year as which point taxes hit 100%? Tax schemes and how they affect wealth, inequality, consumption, etc. is an interesting line of thought, and a necessary one, if you accept that the current one has allowed some individuals to get so rich that the rule of law breaks down in their presence.