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Disruptors

RANT: Elon Musk to Pay $11bn in Tax

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.81.4K Ratings

🗓️ 12 January 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

Elon Musk has just announced that he is going to be paying $11bn in tax the next year, but is this right? There’s been a lot of politicised discussion around the taxes billionaires pay and many people believe they simply don’t pay enough income tax, but this is just part of the story. Listen in to this episode to hear Rob’s thoughts on this and why he thinks it’s an ‘absolute travesty’. KEY TAKEAWAYS  Many people will be saying that ‘it’s about time’ but Rob doesn’t agree with this. He believes that Elon Musk has created billions for the economy as well as getting us into space and inspiring the masses. Who would you rather give 11 billion dollars of your money to? Your government or a billionaire entrepreneur creator? Who do you think will use the money more wisely? Billionaires generate the most jobs and the most taxation. Income tax is only part of the story. They may try and reduce their corporation tax but so would most when they see where it goes. BEST MOMENTS   “Elon musk is one of the most valuable people in the world and not just because he is a billionaire” “Entrepreneurs generate so much tax, so much enterprise” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Many people when they say, oh, billionaires don't pay any tax, they don't know what they're talking about.

0:05.0

So Elon Musk has just announced on Twitter that he's going to be paying 11 billion dollars in tax this year.

0:14.0

I've got a very strong opinion on whether this is good or bad, right or wrong.

0:19.0

I'm going to share it with you in a moment. I'm going to give you the announcement of exactly what's happened and why this has happened.

0:25.0

Now, there have been campaigns against the super rich.

0:29.0

The super rich, the billionaires, we should be taxing all their money.

0:34.0

We don't need any billionaires.

0:36.0

And Elon Musk seems to like to play games on his Twitter and have a bit of fun and banter.

0:42.0

He did a vote as to whether he should sell billions worth of shares.

0:46.0

The votes were yes in favor. He sold billions of dollars of shares.

0:51.0

So, Elon Musk is pretty disruptive on Twitter.

0:55.0

Now, Elon Musk has just said on Twitter he'll be paying 11 billion dollars in taxes this year.

1:02.0

And a lot of people are going to be saying, oh, finally, a billionaire paid loads of tax.

1:07.0

Well, I actually don't agree with that.

1:10.0

So, let me know what you think in the comments.

1:12.0

So, the announcement is Elon Musk tweeted saying, for those wondering, I will pay over 11 billion in taxes this year.

1:21.0

Now, Mr. Musk has been embroiled in a public debate on social media over how much tax he pays.

1:27.0

Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr. Musk should stop free loading of everyone else.

1:35.0

I'm sorry, but that's just utter nonsense.

1:37.0

Who is this Democratic Senator Elizabeth Warren?

1:40.0

A billionaire free loading of everyone else.

1:42.0

What, a billionaire making a battery patent usable for all of his competitors?

...

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