Senator Warren started the fracus by alleging that Musk is a parasitic billionaire who does not pay taxes.
In mid-December, TIME The magazine named Tesla / SpaceX CEO Elon Musk as the 2021 Personality of the Year. On the same day, Senator Elizabeth Warren (D-MA) posted a tweet designating Musk as a tax-dodging pie.
The senator wrote on Twitter: “Let’s change the rigged tax code so the person of the year will actually pay taxes and stop snacking on everyone.”
Within hours, billionaire Musk responded directly with the following zinger channel to the senator’s social media feed:
- “And if you opened your eyes for 2 seconds, you would realize that I would be paying more taxes than any American in history this year.”
- “Don’t suddenly spend… oh wait you already did.”
- “You remind me of when I was a kid and my friend’s angry mum just randomly screamed at everyone for no reason.”
- “Please don’t call the director over me, Senator Karen”
- Culminating with this tweet on December 17th, “The great state of Massachusetts deserves someone better.”
Senator Warren opposes crypto, Musk is a strong supporter
Another point of division between these two strong personalities is the subject of cryptocurrencies. Senator Warren has been a vocal crypto critic for many months. In fact, during a recent Senate Banking Committee hearing on stablecoins, it attacked the decentralized finance (DeFi) industry as the most dangerous area in the crypto industry. “This [DeFi] This is where regulation is effectively absent – and not surprisingly – this is where crooks, cheaters and con artists mix among part-time investors and new crypto traders. “
Conversely, Musk has been a staunch supporter and de facto influencer of crypto. So much so that earlier this month, he joked that he was considering leaving Tesla’s CEO role to become a full-time influencer. While the comment was completely a joke, his power as an influencer within the crypto space is no joke. He caused sharp price swings by posting dozens of vague tweets about several different types of crypto projects.
Make no mistake, Senator Warren and Musk are rich
In the run-up to the 2020 presidential election, before she stepped down, Senator Warren featured in a Forbes article that dissected his net worth. The report found that his total assets minus his total liabilities left a very healthy net worth estimate of $ 12 million. That amount included retirement funds, proceeds from book writing deals with Macmillan Publishing, and various real estate holdings, which made her – you guessed it – wealthy.
We already know that Musk has an estimated net worth of over $ 240 billion. What most people don’t know is that he doesn’t earn a salary or cash bonus from SpaceX or Tesla. Rather, Musk’s executive compensation package consists almost entirely of stock options that increase in value as the company’s stock price does. So far, the Tesla share price has risen 28% year-to-date.
It is likely that Warren sparked this feud on Twitter because she is pushing for the passage of a wealth tax. His proposal would add an additional 2% per year on people valued at $ 50 million or more; and 3% on billionaire freeloaders like Musk. How does this saying relate to people in greenhouses and throwing stones?