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JUST HAPPENED! Elon Musk EXPOSED Senator Elizabeth Warren's CORRUPTION! - YouTube
Channel: Elon Musk Live
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musk name is not too far away from media
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attention as the richest man in the
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world and the head of several companies
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it's hard to stay out of the media
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limelight
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the tech billionaire is very active on
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twitter making him the talk of praises
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and sometimes controversies twitter is a
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way this successful business magnate
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communicates with the world
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as an eccentric ceo it doesn't take much
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before regular debates turn into
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controversies for himself on the social
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media platform
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this time around the same thing happened
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and it went a bit too far
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musk was called a fraud hold your horses
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we're sure you want to find out who
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called him that and why he was called
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that we want you to find out too so join
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us in today's video as we look at how
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when who and on what basis musk was
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called a fraud
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welcome to elon musk live don't forget
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to subscribe to our channel and press
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that bell icon as we're your number one
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place for the latest elon musk tesla and
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spacex related news
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recently elon musk got into a war of
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words on twitter with elizabeth warren a
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democratic senator from massachusetts in
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the united states
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this is not the first time elon musk
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would be in a political dispute
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but this time his wealth was questioned
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and he was called a fraud
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if you're a huge fan of musk you should
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know that he is not afraid of
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confrontations he wasn't going to be
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taken down by a politician so easily so
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the twitter war began
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musk was recently named as time
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magazine's person of the year but this
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new status has since been called out by
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senator elizabeth warren this skirmish
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of words began when warren tweeted a
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story that named musk as the times
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person of the year with a swipe at the
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rigged tax code
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musk's spontaneous response slammed the
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senator's tweet and it got thousands of
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likes and shares
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warren used twitter as a medium to
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complain that musk should be paying more
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taxes and she accused him of freeloading
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the senator's tweet on twitter said
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let's change the rig tax code so the
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person of the year will actually pay
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taxes and stop freeloading off everyone
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else has that got your blood boiling
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the accusation was big enough for elon
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musk to drop a quick reply with a sharp
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rebuttal he replied saying and if you
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opened your eyes for two seconds you
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would realize i will pay more taxes than
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any american in history this year
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the banter didn't end here
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musk went further to send more replies
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to senator warren's tweet telling her to
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stop projecting and he added a link to a
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fox report on her ancestry what does
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that mean
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projection refers to unconsciously
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taking unwanted traits or emotions you
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don't like about yourself and
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attributing them to someone else
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musk is stylishly accusing warren of
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freeloading and calling her a fraud
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the link he attached about elizabeth
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warren established her as a fraud
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because her lies about being native
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american disqualify her from the
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presidency senate elizabeth warren has
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had a long history of lying about her
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racial background because of these lies
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she is unfit to occupy the white house
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and unfit to sit in the senate she has
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repeatedly and deliberately sought to
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benefit in her academic employment and
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personal life by posing as a native
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american
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she should end her presidential
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candidacy before it begins and resign
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her senate seat the article in the link
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elon musk added to his tweet argued
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musk didn't let things stop at that he
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soon replied with another tweet saying
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you remind me of when i was a kid and my
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friend's angry mom would just randomly
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yell at everyone for no reason
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he also made another tweet that said
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please don't call the manager on me
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senator karen
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according to pomp culture references
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karen is a middle-aged white woman with
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a peculiar bomb cut asking to speak with
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the manager at any slightest
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inconvenience it was a harsh comparison
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but funny and light-hearted if you
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compare it to being called a fraud how
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did senator warren take all this instead
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of keeping the banter to twitter senator
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warren decided to criticize the
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billionaire in a fundraising email she
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sent out later that night on the day of
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the altercation
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she called elon musk a poster child for
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how the rigged tax code lets
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billionaires pay hardly any taxes at all
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she ran through some of his greatest
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hits citing the huge amount of 100
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billion dollars that musk added to his
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wealth during the pandemic
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she said when someone makes it big in
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america millionaire big billionaire big
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the person of the year big part of it
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has to include paying it forward so the
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next kid can get a chance to
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she called for a wealth tax again
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senator warren also tweeted about the
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propublica report calling out that musk
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paid no federal income tax in 2018. she
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wrote that things like this showed the
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need for a wealth tax senator warren has
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supported the notion of a wealth tax for
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a long time when she wanted to run in
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2020 it was a keystone of her
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presidential platform
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since then she's proposed legislation
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that will enact an ultra-millionaire tax
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in households with a net worth of 50
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million or more musk has criticized the
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tax democrats recommended on the
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unrealized gains of billionaires if this
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wealth tax were to be passed he would
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owe about 50 billion dollars he wrote on
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twitter eventually they run out of
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people's money and then they come for
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you
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as things got hotter senator warren said
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musk prefers to make things personal
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rather than engage with criticisms of
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how much tax he pays she commented when
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she appeared on a new york times podcast
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kara swisher asked senator warren about
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the december twitter exchange where she
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asked musk to start paying taxes and
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stop freeloading off everyone else
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swisher specifically asked if she was
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concerned about the insult warren
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answered saying that musk wants to make
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things personal instead of talking about
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what's wrong with the tax system
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she also mentioned that musk didn't pay
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federal income taxes in 2018.
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she said every nurse firefighter and
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worker who paid taxes paid more than
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elon musk that year and that's a broken
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taxation system musk responded to
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warren's comment saying that his tax
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bill is running into 11 billion dollars
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for a single year musk filings with the
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security and exchange commission the sec
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about his recent stock trades back up
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that number he claims he'd be paying
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the total is pretty huge and you might
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be wondering how and why he has to pay
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so much
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as the wealthiest person in the world
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musk doesn't earn a cash salary or bonus
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he gets paid through stock options which
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gives him the right to buy shares of
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tesla at a price equal to the market
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price at the time the options are issued
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but likely well below their value when
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they're exercised
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in 2012 musk received 25.5 million split
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adjusted options he had 22.9 million of
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those options vested over subsequent
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years as tesla hit some financial and
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operational targets musk didn't have to
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pay taxes on those options until he used
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them to buy shares
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since that block of options will expire
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in august 2022 musk has started the
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process of turning them into shares
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early in november and he had those
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trades documented in sec filings like
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company insiders are required to do
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when he exercises these options the
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value of the new shares are taxed as
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income that's a 40.8 percent rate for
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someone in elon musk's tax bracket
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that's where this massive tax bill comes
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from
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musk currently tops the bloomberg
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billionaire index with a net worth of
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261 billion dollars he told babylon be
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that he could do his taxes by himself in
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a few hours
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musk said my taxes are super simple i
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don't have any offshore accounts i don't
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have any tax shelters he added that he
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had no tax avoidance schemes or anything
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like that
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the billionaire told the publication
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that he owned stock in tesla and spacex
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and everything was extremely transparent
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he went on to say that his worth was
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calculated by multiplying his ownership
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of the two companies by their valuations
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musk's wealth is not some profound
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mystery that needs to be deciphered it's
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not the first time he's been called out
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about tax on twitter in november he got
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in a row with bernie sanders the senator
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from vermont targeted the extremely
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wealthy people in a tweet that said we
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must demand that the extremely wealthy
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pay their fair share period
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musk replied to this tweet saying i keep
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forgetting that you're still alive
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musk is a man who can change the flow of
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financial markets with just one tweet he
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threw shade on senator elizabeth warren
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in an interview with babylon b when he
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said i'm literally paying the most tax
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than any individual in history has ever
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paid this year ever and she doesn't pay
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taxes basically and her salary is paid
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for by the taxpayer like me if you could
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die by irony she would be dead warren
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countered that everyone in america would
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be a little richer or a lot richer today
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if they didn't have to pay federal
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income taxes for years and years and
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years
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