Elon Musk Says Even If Every Billionaire In America Was Taxed At 100%, It 'Barely Makes A Dent' In The National Debt — Everyone Has To Pay

For years, politicians have floated a simple fix for America's swelling debt: tax billionaires harder and the problem starts to disappear. Elon Musk has argued the math does not work that way. The Tesla and SpaceX CEO pushed back on the idea that confiscating billionaire wealth could meaningfully close the government's fiscal gap. "Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt," Musk wrote in a post on X in 2023. "In the end, the government wil