Michael Hiltzik: Thank you, Elon Musk. You've just proved why a billionaires tax is essential
Thanks to Elon Musk, who is often credited as the world's richest person, we now have a good clue to whether someone has too much money. That clue is when he turns tax policy into a Twitter game.
Musk on Saturday responded to a proposal to impose a tax on billionaires' wealth by launching a poll on Twitter, asking followers whether he should sell 10% of his shares in the electric vehicle company Tesla. He pledged to "abide by the results of this poll, whichever way it goes."
The final vote went in favor of selling, 57.9% to 42.1%, with more than 3.5 million votes cast.
Musk's approach earned brickbats from people who think seriously, not whimsically, about the social and economic implications of concentrated wealth.
One is Sen.
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