Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you’re $3,000 richer

The richest person in the world and the most well-known person leading the cause against creating more people like him have many differing views on taxing the ultrawealthy.

But now, Elon Musk and Sen. Bernie Sanders (I-Vt.), two men on opposite ends of the ideological spectrum, are using the same math to make opposite arguments for how much billionaires should be taxed, and how that money should be allocated.

In Musk’s view, collecting every cent billionaires rake in pales in comparison to federal debt, which is now hurling toward $39 trillion and counting.

“Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt,” Musk wrote on X in 2023. “In the end, the government will be forced to tax everyone to pay the debt.”

Sanders agrees—but he’s not looking to tax billionaires for all their worth and he’s not trying to eliminate the debt. Instead, he wants enough to give nearly three-quarters of the nation a nice check, offset cuts to federal health programs, and fund social services. 

938 people stand in the way of you receiving $3,000 checks

Sanders, along with Rep. Ro Khanna (D-Calif.), introduced a billionaire tax earlier this month and suggested there are Read Entire Article