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Why is Elon Musk Supporting Trump? Tax Avoidance.
- Source :
- CounterPunch; Oct2024, p1-5, 5p
- Publication Year :
- 2024
-
Abstract
- Elon Musk's surprising support for Donald Trump is primarily driven by his desire to avoid paying federal taxes, particularly after proposed tax legislation threatened his financial interests. Musk's shift in political allegiance coincided with tax proposals that would impact his wealth, prompting him to engage in political contributions and public campaigns against Democratic tax policies. His actions reflect a broader trend among billionaires prioritizing personal wealth accumulation over societal well-being, sparking concerns about the influence of wealth in politics. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 10862323
- Database :
- Supplemental Index
- Journal :
- CounterPunch
- Publication Type :
- Periodical
- Accession number :
- 180706308