If you ruled the US, how exactly would you handle Elon Musk and other billionaires?

Question

Give me a full step by step game plan. Don't want to hear "nobody should be able to accumulate so much wealth" or some other one liner socialist nostrum. I want to hear a complete thorough game plan of exactly how you would redistribute the wealth. Go beyond your negative emotions. I want to hear it.

HawkPerception · Accepted Answer

I'm no socialist. If you don't work, you should not be entitled to other people's money that they earned through their own hard work. However, I do think that the spectrum in income is too wide, and should simply be lessened. There are people who work infrastructural jobs that should be compensated more than just a livable income and the rich billionaires could afford to pay their workers each a bit more. That is how a society truly thrives. Everyone should still have the incentive to aim for the sky. But Elon Musk has gone past the sky and into space.

There should still be an incentive to get a higher education and you should be allowed a higher standard of life if you work utilizing those years of skills you developed. Just lessen the income gap. It's not hard.

It's not easy to be a CEO. Everyone who starts a business knows that. But once you pass a certain threshold, there's a snowball effect. And I just think that reducing the curve on that snowball effect would help a lot of people out.

Other than that, Elon Musk is doing great things. I like the dude. I would give freedom to any entrepreneurs to do as they wish as long as it doesn't harm the people in society and just make sure their employees are compensated fairly. For example, Elon Musk has approximately 160,000 employees globally across his primary companies. If he compensated each of his employees with an extra $31,250, that would only be $5 billion out of his pocket, which is a drop in the bucket for him, but a pretty big impact on their lives. Double that and it's only $10 billion out of his pocket and an extra $62,500 for each of them. If you care about your employees, why would you not go at least that far for them?

Jersey2 · Accepted Answer

The wealth redistribution is being done through paychecks. Elon hires many high paid people and has just created 4,000 millionaires at SpaceX. That is a company that developed reusable rockets for just $4 billion, a pittance in comparison to government waste.

Leave Elon alone as he is creating amazing things for the world. Our wasteful government isn’t. It just creates hate toward successful people and yet does little with the $4 Trillion a YEAR it has in income… and that is just the Federal government much less State and Local. The magicians have you diverted and looking at Elon while they rob you blind and produce little except social strife.

If you want to make sure they pay a reasonable amount in tax then fine. But Alternative Minimum Tax (AMT) was meant for that and it then gets middle income people now. Income Tax itself was to be only on the rich and only temporary and look where we are so tax the rich is really tax everyone.

purplepoppy · Accepted Answer

As a left winger I've nothing against people accumulating wealth as long as it's done both morally and legally. Pay fair taxes, pay a fair decent wage and treat workers with respect. The problem is when great wealth gives you great power in political matters, democracy should be by the ballot not the wallet.

Elons behaviour has been incredibly negative for Americas image abroad and has no doubt affected both trade and policy, no one wants to deal with a nazi or a government that supports one. Even Trump knows that, hence why he dumped him.

Truth is you can't handle Elon. You risk him saying "fuck it I've enough money I'm ending all my businesses." And that means huge job losses. Worse still he could take it all to Russia or China.

Kelly6 · Accepted Answer

@blueonblack22 if I get full control of US.

i would bring Elon Musk as my partner.

other billionaires i would put tax on even on their stocks.

end federal tax on lower class or middle class,

decrease State tax too.

focus more on everyone’s education, and development of cities. Rather then war.

strongly get US off the war earning ( which US and Rome were in too) without wars Rome had bad economy.

increase production in US, to lift employment and lower low class population. ( home production is only seen expensive because it doesn’t give billionaire more money)

Kaneki05 · Answer

Easy I'd make a law capping wealth at top end, if they try to get around it instant death penalty which would be funded by their own wealth.
This cap once reached any earnings after needs to be distributed into tax or something that can be deemed useful to others not themselves, which they'd be all kinds of regulations for what. Heavily monitored.
And of course they'd be limits on how far this can go too so you can't just have 1000s of companies or something you argue are to keep wealth in them.

It in fact wouldn't be so different to how the rich do live with most wealth tied up in businesses however this would create a ceiling, and make sure more wealth is more effectively distributed.
Elon could still fund his work but wouldn't be so crazily rich himself.
The cap would probably be 100M maybe 200M if we allow 100M in investments, and that's still enough to be super rich so I don't see why anyone would complain.

Anonymous · Answer

Taken out every Jew and pro Israel out power positions. I would make it so it doesn’t have to be based on votes this one and only time. Just remove all Jew and pro Israel out of power and writing it down in stone why. From the beginning of time, to this very day, they are the reason for wars and most of world problems, they have a demented mindset and want to normalize it. They want us to accept that pedophiles are just another form of sexual preference and that it is “okay” 🤮! Among many other disgusting things like that.

anything else all other problems would be minor. The main issues world wide have to do with Jews and pro Israel in power positions. These should be removed immediately.

FreyaRed · Answer

I would let them pay taxes 50% of their income. Honest taxes for honest people. If they refuse, death squad visit, since I wouldn't allow them to remove capital and technology from my country. Every one is replaceable, even Elon.

Of course I would sell that a tragic vehicle accident and wouldn't brag with it idiots like Putin have done in the past.

Theunfadeable · Answer

I would thank them for doing business in my country and tell them how much I appreciate all that tax revenue I’m using to keep my city up and I’d also express appreciation for all the jobs that they created that employ all my constituents.

DonaldDarko · Answer

I'd leave them alone. I'd be too buisy deregulating, cutting taxes and arresting crooks like Gavin Newsom to bother with Elon Musk. I would be dealing with him on issues like subscriptions for automotive functions. Id ban that outright. Id be banning non user repairable technology in crucial equipment like cars. If you make something that's clearly made to fail then you don't get a fine you go to federal prison.

Ariesman81Nshiiit · Answer

Handle them? I wouldn't. I'd tie the national currency to something concrete so it can't be manipulated. This would prevent the government from subsidizing corporations through the use of inflation. I'd also end taxpayer funded welfare programs.

In essence, I wouldn't redistribute the wealth. The capitalist system works as good as it can. People who offer value to society reap the rewards of their sacrifice.

Snakeyes7 · Answer

If they commit crimes, they go to prison or executed depending on the crime. Simple as

My mind is not on Musk though but Bill Gates, the Rothschilds, Rockefeller and Soros. Everyone knows those guys are criminals but no one is doing anything about them. Musk is at least trying to save western civilization to some degree while the rest are actively destroying it.

strateguy632 · Answer

1. i would reward them. 2. if i was a socialist i would nationalize musk buffet and gates businesses. everyone would starve like china and russia occurred.

indissoluble · Answer

No need to redistribute their "wealth". Nobody is forcing you to work for them. If you don't want their money go work for someone else.

exitseven · Answer

I would make sure that they use their resources to advance mankind by creating an environment where everyone has the opportunity to make their lives better

Mike_Hum · Answer

I don't want to steal from successful people to subsidize losers and scammers.

Agape93 · Answer

Confiscate 1/10th their wealth each, and use it to fund a death squad

Cidknee · Answer

How about asking them if they would like to set up a charity for the socially crippled leftist of America. Just to shut their whiny, jealous asses up.

LC75LC71 · Answer

Ahem, Mr. Musk is a trillionaire. Also no single person rules the United States. Until I take over anyway..

msc545 · Answer

We wouldn't have any billionaires because there would be an upper limit on how much money people could accumulate.

jshm2 · Answer

Nuke them all.

Pterodon · Answer

Let them be

If you ruled the US, how exactly would you handle Elon Musk and other billionaires?

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