Sen. Elizabeth Warren (D-Mass.) on Wednesday reaffirmed calls to levy a tax on the richest members of society, including Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk.
Elizabeth Warren Touts Children Gaining Access To Healthcare
In a post on X, Warren said the wealth tax could provide children with access to healthcare. “If Elon Musk paid my ultra-millionaire wealth tax, we could pay for child care for all three and four year olds in America,” she said in her post.
Bernie Sanders And AOC Criticize Wealth Disparity
Sen. Bernie Sanders (I-VT) recently criticized the wealth disparity in the U.S. The Vermont Independent blasted an "insanely rigged economy" after multiple technology sector executives added billions of dollars to their net worth in a single day, including Musk, Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos and Meta Platforms Inc. (NASDAQ:META) Mark Zuckerberg and more.
Rep. Alexandria Ocasio-Cortez (D-NY) also recently criticized the self-made billionaires narrative. Ocasio-Cortez said that the ultra-wealthy members of society “create a myth of earning it” to justify how such fortunes are amassed.
Elon Musk Worth $1.3 Trillion
Meanwhile, Musk’s net worth reached $1.3 trillion following SpaceX’s stock rally. He also surpassed the combined net worths of multiple billionaires, including former Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Larry Page, Sergey Brin, and Bezos.
Musk also exercised his Tesla stock options, which gave him more than 300 million shares of the EV giant as part of his 2018 CEO Compensation Award. The trade, which also resulted in Tesla withholding 17.5 million shares, takes his voting rights to approximately 19.9%.
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