Taxing the Rich is an Inherently Flawed Concept: The Truth About Elon Musk’s Tax Bill

Following our recent episode on Elon Musk, we received a number of comments about his tax bill and the fact that he should be paying more. The real question we should be asking is whether this approach to taxation is fair to the entrepreneurs who maintain almost all of the financial risk?

Between the state of California and the federal government, Elon Musk paid over 50% in taxes. Taxing the rich has always been viewed as the solution to our problems, but does it still make sense?

In this episode, I’m going to explore the question of Elon Musk’s tax bill, and why we need to rethink our “tax the rich” stance.