Jack Albrecht
2 min readApr 12, 2022

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Musk didn’t “give” fuck all. He paid his taxes. He had a contract where he was paid in Tesla stock with a 10 year period to exercise the option. Musk made $10,000,000,000 AFTER paying that stock. And at the time he was worth about $ 300,000,000,000. So it wasn’t even 10%. It was about 3%.

Musk has also learned now from the other billionaire assholes, how to avoid even the paltry 3% he was paying (only one year, he paid zero in 2018). Musk is now following the “buy, borrow, die” method of other mega-rich assholes who don’t pay their fair share to the societies that enabled their massive wealth.

Musk won’t be paying taxes on gains going forward, as he only made that deal once. Saying one billionaire paid 3 fucking percent while earning after tax profits of $10,000,000,000 and you’re looking for me to give an “attaboy” to Elon? Fuck no.

I think billionaires should be taxed out of existence. There are trillions of dollars hidden by the top billionaires just in the US. The country is fucking falling apart. Bridges collapsing, dams failing, highways, roads, sewers, subways, airports, etc., etc. Tax that money away and spend it on the country (countries) and the standard of living of the US and the world would rise significantly.

Where I live in Austria I’ve paid extremely high taxes for decades since moving here and starting my company. But the quality of life for those taxes is awesome. Not just for me, but for everyone here. That is (IMO) what a society should be. Yeah, you can get rich, but not filthy rich by making everyone poor or working them to death (literally and figuratively).

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Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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