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Elon Musk dismisses Bernie Sanders's 5% wealth tax, says 99% of his trillion-dollar fortune is in stock

Summary by BizToc
Elon Musk dismisses Bernie Sanders's 5% wealth tax, says 99% of his trillion-dollar fortune is in stock — not cash Elon Musk's elevation to trillionaire status this summer has been a PR nightmare for the already divisive figure, who has come to represent the elite, who many resent for accruing…
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2 Articles

The controversy over wealth and inequality in the United States has taken on new airs with Elon Musk’s recent statement rejecting the 5% wealth tax proposed by Senator Bernie Sanders. This tax, designed to address growing inequality and finance social programs, aims to affect the country’s ... Read more Elon Musk rejects the 5% wealth tax proposed by Bernie Sanders, claiming that 99% of his billionaire fortune... appeared for the first time in N…

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BizToc broke the news on Friday, September 11, 2026.
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