Good news, America!
We have a wealth tax in Massachusetts, which levies 9% on every dollar above 1 million earned in wages, real estate sales other than primary residence, and investment cash outs. It would net us up to 90 billion from Musk over his lifetime.
Elon Musk just became the world's first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth.
We need a wealth tax.
