Musk responds to Democrat 'wealth tax'

 John Sexton:

...

... The form letter basically says that the sender rejects the wealth tax on billionaires because tax proposals often have “scope creep” and could eventually impact people beyond billionaires. Musk responded to that saying, “Exactly. Eventually, they run out of other people’s money and then they come for you.”

Musk’s response is a paraphrase of a famous Margaret Thatcher line about socialist governments running out of other people’s money.

...

We should also remember that the income tax was originally to be levied only on the rich and then Congress decided that almost everyone was rich enough to pay income taxes.   I have zero trust in greedy Democrats who want to buy votes with other people's money.

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