‘Stupid’ and ‘insane’: Elon Musk, other billionaires vent over proposed US wealth tax

Tesla CEO Elon Musk and several other American billionaires have been attacking a Democratic proposal that would tax at 20 per cent the gains of people with either $1 billion or more in assets.

Elon Musk isn’t happy.

With a personal fortune that is flirting with $300 billion, the Tesla CEO — the richest person on earth — has been attacking a Democratic proposal to tax the assets of billionaires like him.