Elon Musk’s net worth is $ 183.8 billion (£ 134.4 billion) on Tuesday according to Forbes. But Democratic House Representative Bernie Sanders lambasted the billionaire by comparing his wealth to the US minimum wage.
“Elon Musk’s wealth on Jan. 9, 2021: $ 209 billion,” the senator wrote.
“US minimum wage in 2009: $ 7.25 an hour. US minimum wage in 2021: $ 7.25 an hour.
“Our job: to raise the minimum wage to at least $ 15, tax the rich and create an economy for all.”
The senator berated the wealthy in his 2016 and 2020 campaigns.
In September 2019, while running for Democratic presidential candidate, Mr Sanders proposed a new wealth tax to fund social programs.
He said the policy would help fund initiatives like child care, universal health care and affordable housing.
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One user replied, “Tax only actual profits. It’s Elon’s net worth mostly made up of his shares that he still owns. It is only profit if he sells.
Another user wrote: “The problem here isn’t so much that Elon Tesla’s company shares have gone up, it’s that executives and business owners who employ minimum wage workers are buying so many. new Tesla cars for themselves and do not increase the wages of their employees.
“Some are doing this by laying off their employees during a pandemic and simultaneously receiving federal assistance.”
A third social media user claimed that Mr. Sanders’ attack on Mr. Musk was a “horrific” example.
“I would hate to see us tax Elon’s investment in Green, which is not money but business property. The government should allow and encourage more Elon.
“Plus, Elon employees are paid very well (over $ 15), unlike politicians’ campaign workers.”
In August, Mr Sanders offered Mr Musk a one-time tax of $ 27.5 billion (£ 20.1 billion).
Mr. Musk responded to the senator’s proposal on Twitter with a meme from Mr. Sanders.
The caption on the meme read, “Official Bernie Sanders Drinking Game!” Every time The Bernster mentions a free government program, drink someone else’s beer!