From 2% to Nearly Everyone: Musk’s X Post on Income Tax Raises Big Questions
Elon Musk has been vocal about the tax code's flaws. He believes there shouldn't be any tax incentives and also raised questions about how income taxes became the model. The questions and scrutiny come as the Department of Government Efficiency (DOGE) discovers questionable uses of taxpayers’ money.
- This phenomenon highlights the unintended consequences of decades-long tax policies, which often prioritize the wealthy and large corporations over the middle class.
- How can policymakers balance the need for revenue to fund public services with the growing demand for progressive taxation that would reduce income inequality?