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Musk’s SpaceX Wealth Launches A Trillion
Tax Lies

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Posted By: RockyTCB, 6/16/2026 10:54:32 AM

Say what you want about Democrats, but they sure know how to stick to their talking points. When the IPO for SpaceX made Elon Musk the world’s first trillionaire, Democrats were primed. Almost in unison, they cried about how “Americans are struggling to pay for groceries and gas,” how the economy “is rigged,” and how the rich “don’t pay their fair share of taxes.” It’s all out of the politics-of-envy handbook. But the latter claim is particularly galling, especially when it’s being made by lawmakers who know better. Ohio Democratic Rep. Greg Landsman, for example, penned an op-ed complaining about how

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Reply 1 - Posted by: cor-vet 6/16/2026 11:23:40 AM (No. 2117349)
I guess we're all so stupid, that we don't understand the difference between an entrepreneur and a bunch of thieving politicians that made millions stealing from the backs of working Americans. And the liberals are the worst, most are wealthy heirs or lawyers that have never done an honest days work in their lives.
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Reply 2 - Posted by: peterstone 6/16/2026 11:23:47 AM (No. 2117350)
The 4,000 SpaceX employees are 'paper' millionaires until they sell their stock. Most IPO's restrict sales for the first 6 months post Ipo. All wealth figures for the wealthiest people include unrealized gains until they sell the stock or real estate or other assets. Then, and only then are they subjet to taxes on their wealth.
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Reply 3 - Posted by: Bur Oak 6/16/2026 11:28:52 AM (No. 2117353)
Watch for a Democrat push to tax unrealized gains.
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Reply 4 - Posted by: DVC 6/16/2026 11:31:02 AM (No. 2117357)
Probably the biggest and most egregious, and most often repeated lie that we hear in modern times is "the rich don't pay their fair share". Marxists repeat this lie seemingly daily. Dems rattle on endlessly with this lie. The fact is that the top 1% net worth taxpayers pay 40% of ALL tax revenues. The top 5% net worth pay 61% of all tax revenues. Basically, 16 taxpayers out if 100 are paying 2/3 of all the bills. 49 taxpayers of 100 are pretty much getting a free ride. The bottom HALF of net worth taxpayers contribute only 3% of total tax revenues. So...who's not paying "their fair share"? The bottom half, IMO, are massively undertaxed. IMO, the minimum tax should be at least 7% on all income, if we are going to have an income tax. Too many voters have no "skin in the game" and see government only as a source of money flowing to them, not a entity taxing them, and they vote accordingly, always for some added government handouts to themselves, and 'more taxes on the rich'.
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