Elon Musk exposed the corruption of Senator Elizabeth Warren! Musk name is never far from media attention. As the richest man in the world and the head of several companies, it’s hard to stay out of the media limelight. The tech billionaire is very active on Twitter, causing praise and sometimes controversy. Twitter is the way this successful business magnate communicates with the world.
As an eccentric CEO, it doesn’t take long for regular arguments to turn into brawls on social media platforms. Something similar happened this time too and the matter escalated a bit. Told Musk a fraud! hold your horses. We are sure you would like to know who called her or why she was called like that. We want to find out too, so join us in today’s video as we look at how, when, by whom and on what basis Musk was called a fraud.
Recently Elon Musk got into a war of words on Twitter with Democratic Senator Elizabeth Warren of Massachusetts in the United States. This is not the first time that Elon Musk will be in political controversy, but this time his wealth has been questioned and he has been called a fraud. If you are a big fan of Musk, then you must know that he is not afraid of confrontation. They weren’t going to be so easily discouraged by a politician, so a Twitter war broke out. Musk was recently named as Time Magazine’s Person of the Year.
But this new position has since been called for by Senator Elizabeth Warren. The clash of words began when Warren tweeted a story that took a dig at the rigged tax code after Musk was named Time’s Person of the Year. Musk’s spontaneous response pulled the senator’s tweet and it garnered thousands of likes and shares. Warren used Twitter as a medium to complain that Musk should be paying more taxes, and she accused him of freeloading. “Let’s change the rigged tax code so The Person of the Year actually pays taxes and stops freeloading everyone else,” the senator tweeted on Twitter.
Does it make your blood boil? Such was the allegation that Elon Musk quickly responded with a scathing denial. He replied, “And if you opened your eyes for 2 seconds, you would realize that I will be paying more taxes this year than any American in history.” The abusing did not end here. Musk sent more replies to Senator Warren’s tweet asking him to shut down the project, and he added a link to a Fox report on his predecessor.
What does this mean? Projection refers to unconsciously taking on unwanted traits or feelings that you don’t like about yourself and attributing them to someone else. Musk is stylishly accusing Warren of freeloading and calling him a fraud.
The impeachment against Elizabeth Warren establishes her as a traitor because her lie about being Native American disqualifies her from the Senate for the presidency. Elizabeth Warren has a long history of lying about her racial background. Because of these lies, he is ineligible to hold the White House and sit in the Senate. He repeatedly and intentionally tried to take advantage of her in her academic, employment, and personal life by posing as a Native American. He should end his presidential candidacy before it even begins and resign his Senate seat.
Elon Musk argued in an article added to his tweet. Musk didn’t let things stop there. He soon replied with another tweet, “You remind me of when I was a kid, and my friend’s angry mom used to yell randomly for no reason.” He also tweeted another that said, “Senator Karen, please don’t call me manager.” Aside from the fact that Karen rhymes with Warren, according to pop culture references, Karen is a middle-aged white woman. The one who has the weirdest bob. Cut, asking to speak to the manager in case of even the slightest inconvenience.
But ridiculous and light hearted if you compare it to being called a fraud. How did Senator Warren take all this? Instead of keeping the joke to Twitter, Senator Warren decided to criticize the billionaire in a fundraising email sent later that night on the day of the debate. He called Elon Musk the poster child for how a rigged tax code allows billionaires to pay barely any taxes. Citing the $100 billion increase in his wealth that Musk saw during the pandemic, he saw some of his biggest hits.
She said, When someone makes it big in America millionaire big, billionaire big, person of the year part of it is to pay it forward, so the next kid has a chance too and He again demanded wealth tax Senator Warren also tweeted about a ProPublica report that said Musk did not pay any federal income taxes in 2018. Senator Warren has long supported the concept of an estate tax. When she wanted to run in 2020, it was crucial to her presidential run.
Since then, he has proposed legislation that would impose a super-millionaire tax on families with a net worth of $50 million or more. Musk has criticized the tax Democrats recommended on billionaires’ unrealized gains. If this wealth tax is passed, they will be owed about $50 billion. “Finally, they ran out of people’s money and then they came for you,” he wrote on Twitter. As things heated up, Senator Warren said that Musk preferred to make things personal rather than engage.
With criticisms of how much tax he pays. She made the comments when she appeared on a New York Times podcast. Kara Swisher asked Senator Warren about the December Twitter exchange where he asked Musk to start paying taxes and everyone else to stop freeloading; Swisher specifically asked if he was worried about impeachment.
Instead of talking about what’s wrong with the tax system, Musk wants to make things personal. It also noted that Musk did not pay federal income tax in 2018. She said that every nurse, firefighter and employee who paid taxes paid more than Elon Musk that year, and it’s a broken taxation system. Musk responded to Warren’s comments by saying that his tax bill is running at $11 billion a year. Musk’s filings with the Securities and Exchange Commission (SEC) regarding his recent stock trades support the number he claims he is paying.
This total amount is huge, and you must be wondering how and why he has to pay so much. As the world’s richest person, Musk does not earn a cash salary or bonus; They get paid through stock options, which give them the right to buy Tesla shares at a price equal to the market price at the time the options were issued. But when they are used they are likely to be well below their value. He had 22.9 million of those options vest in subsequent years as Tesla hit certain financial and operational targets. Kasturi didn’t pay tax on those options until he exercised them to buy shares.
Since the block of options will expire in August 2022, Musk began the process of converting them into shares in early November, and the trades recorded in an SEC filing are required of company insiders. That’s where this huge tax bill comes from. Musk currently tops the Bloomberg Billionaires Index with a net worth of $261 billion; He told Babylon Bee that he could do it himself in a few hours.
Musk said, “My taxes are very simple, I don’t have any offshore accounts, I don’t have any tax shelters.” He said that he has no plans to do tax evasion or anything like that. The billionaire told the publication that he owns Tesla and SpaceX shares, and everything was extremely transparent. He further said that his worth was calculated by multiplying the valuation of both the companies by his ownership. The wealth of musk is not some deep secret that needs to be understood. This is not the first time that he has been criticized on Twitter over taxes. In November, he had a dispute with Bernie Sanders.
The senator from Vermont hit out at the ultra-rich in a tweet, saying, “We must demand that the ultra-rich pay their fair share, period.” Responding to this tweet, Musk said, ‘I keep forgetting that you are still alive.’ Musk is a man who can change the flow of financial markets with just one tweet. He threw a shade at Senator Elizabeth Warren in an interview with Babylon Bee when he said, “I’m actually paying more taxes than anybody in history, and it’s basically and his salary is paid for by a taxpayer like me.”
If you can die ironically, she will die.” Warren retorted that everyone in America would be a little richer or a lot richer today if they didn’t have to pay federal income tax year after year.”