[Boudica]

Imagine a twitter poll deciding whether you sell billions worth of shares? If you'd seen this poll, would you have told him to sell them or not?

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Musk is selling these shares after facing increased scrutiny over his wealth, especially from elected officials. The world’s richest man has been criticized for not paying income taxes, since he doesn’t actually take a salary from Tesla and instead is compensated in stock awards. Musk doesn’t have to pay taxes on that compensation until he claims and sells that awarded stock — something he hasn’t done in a few years. Instead, Musk borrows a lot of money using his holdings as collateral.

One official, Ron Wyden (D-OR) has proposed a “Billionaires Income Tax” that would tax these wealth increases like income, despite them being “unrealized gains.” This pressure prompted Musk to poll Twitter this past weekend as to whether he should sell 10 percent of his Tesla holdings to pay taxes. The response was, somewhat narrowly, yes.

(When Wyden quote-tweeted Musk’s poll saying that “[w]hether the world’s wealthiest man pays taxes at all shouldn’t depend on the results of a Twitter poll”, Musk responded crudely.)

One could argue, if a democratic government is going to decide whether Musk should be paying taxes, what's the difference between that and a Twitter Poll?

If you have a spare hour, and are curious towards Elon's line of thinking (and his usual quips), check out this interview below: