cross-posted from: https://news.abolish.capital/post/78227

Elon Musk’s America PAC has dropped $100 million to support the GOP in critical races that could control the future of the Senate. It includes TV commercials, digital ads, and a social media blitz across platforms Musk owns and platforms he doesn’t. The eleventh-hour push is a brazen attempt to stoke the anti-trans moral panic and turn equal rights for transgender people into a make-or-break…

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[–] 3 points 21 hours ago* (last edited 21 hours ago)

If it's at all even possible to do, he should be taxed for doing this, but instead he just takes out a loan against his shares that he'll never pay back before he dies because his has so much wealth.

You think he'd spend 100m if he had to sell shares and be taxed to do this? I dont think so.

Edit: there also needs to be ridiculously high tax rates if you're realizing 100m of wealth

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