Elon Musk’s Succinct Explanation for Why Excessively Taxing Billionaires Doesn’t Make Any Sense
Share
Tesla and SpaceX CEO Elon Musk, at a Wall Street Journal forum last month, shared his view on why “it does not make sense” to excessively tax billionaires.
“It does not make sense to take the job of capital allocation away from people who have demonstrated great skill in capital allocation, and give it to an entity that has demonstrated very poor skill in capital allocation, which is the government,” Musk said.
Laughter was heard from the audience of CEOs at the forum when Musk made the remark.
Read more from Daily Wire
RELATED TOPICS:
Two Men Identified as Suspects in Fresno County 2016 Double Homicide
Crime /
10 hours ago
Chargers Sign Former Steelers Running Back Najee Harris and Cornerback Donte Jackson
Sports /
10 hours ago
Military Leaders Warn of Risks to Armed Forces’ Readiness in Temporary Funding Bill
Politics /
11 hours ago
Trump to Name Michelle Bowman as Top Bank Regulator at Federal Reserve
Politics /
11 hours ago
Kuwait Frees a Group of Jailed Americans, Including Contractors Held on Drug Charges
Latest /
11 hours ago
Senate Democrats Balk at Funding Extension, Raising the Risk of a Shutdown
Politics /
11 hours ago
SpaceX Delays Flight to Replace NASA’s Stuck Astronauts After Launch Pad Problem
CAPE CANAVERAL, Fla. — A launch pad problem prompted SpaceX to delay a flight to the International Space Station on Wednesday to replace NAS...
Latest /
8 hours ago
Categories
Latest
Videos

Latest /
8 hours ago
SpaceX Delays Flight to Replace NASA’s Stuck Astronauts After Launch Pad Problem

Sports /
8 hours ago
49ers Cut 2 More Players, Increasing Dead Cap Charge to More Than $86 Million

Crime /
10 hours ago
Two Men Identified as Suspects in Fresno County 2016 Double Homicide

Sports /
10 hours ago