![]() ![]() ![]() Sanders is a democratic socialist independent from Vermont who caucuses with Democrats in the Senate. Proponents of the billionaires tax say they want to target “unrealised capital gains”, meaning increases in the value of stocks owned by ultra-rich Americans who currently pay very little in tax. I only have stock, thus the only way for me to pay taxes personally is to sell stock.” Musk staged the Twitter poll to make a point about a “billionaires tax” proposed by Democrats in Congress, saying: “Note, I do not take a cash salary or bonus from anywhere. Tesla’s share price fell after Musk’s Twitter followers said he should sell stock. Jason Benowitz, senior portfolio manager at Roosevelt Investment Group in New York, told Reuters: “We expect the share sales will continue, as Musk holds millions of options worth billions of dollars that would otherwise expire worthless, and he has also prearranged share sales.” This week, Musk sold nearly $7bn of shares in Tesla, more than $5bn after asking Twitter followers to vote on whether he should do so, and more than $1bn on Friday. Melissa Byrne, a progressive activist and former Sanders staffer, tweeted: “Folks, quit buying Tesla. He also tweeted: “Want me to sell more stock, Bernie? Just say the word …” Musk, 50, is also the owner of SpaceX and has a personal worth estimated at around $271bn, making him by some counts the richest person ever. Sanders, 80, wrote: “We must demand that the extremely wealthy pay their fair share.
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