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Why is Elon Musk Supporting Trump? Tax Avoidance.

Authors :
LORD, BOB
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