"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Elon Musk wrote in a tweet referring to a "billionaires' tax" proposed by Democrats in the US Senate.
I believe that Elon Musk's marginal rate is 53%. The sale of $21 Bn in Tesla stock will drive stock pricing downwards and disadvantage millions holding TSLA in their retirement portfolios along with raising approximately $11Bn in tax revenue for the US government which will fund US DEBT CREATION for a little over 2 days at the obscene borrowing level of $120 Bn monthly that is now considered a normal state of affairs. How broken does the system get before we wake up?