Musk becomes first trillionaire after SpaceX IPO, drawing progressive criticism over wealth inequality
By
Antonio Pequeño IV
Underproofed. Dense without being substantial.
Summary
Elon Musk became the world's first trillionaire after SpaceX's IPO, with his net worth surging to $1.1 trillion. Progressive lawmakers, led by Sen. Bernie Sanders, criticized the milestone as an "absurdity" and renewed calls for wealth taxes, increasing the cap on taxable income, and changes to Social Security to address extreme wealth inequality.
Key quotes
· 2 pulledSanders said Musk becoming a trillionaire was an 'absurdity.'
Sen. Bernie Sanders, I-Vt., who has long advocated for wealth taxes to help fund public programs, characterized Musk's trillionaire status as an 'absurdity' and called for an increase on the cap for taxable income.
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